College BBall Coaches burned by Ponzi Scheme

[eyekwah]

Looks like Lute Olsen lost over $1M and Scott Thompson $65K. Both once resided in IC. Insinuates that Salinas, the fraud character, ran an AAU program and would guide players toward the coaches that "invested" with him.

Coaches, including Lute Olson invested millions with David Salinas - NCAA Basketball - SI.com

 

[JonDMiller]

There have been a lot of these things in the news this year

 

[NewMexHawk]

Apparently building and maintaining a program is based on buying kid's agents.

If the NCAA does not step in to stop this process then why not just allow all schools to purchase whoever they want just to get kids to sign.

 

[scourt]

Apparently building and maintaining a program is based on buying kid's agents.

If the NCAA does not step in to stop this process then why not just allow all schools to purchase whoever they want just to get kids to sign.

I couldn't agree more. If scams like this are allowed to continue it will ruin college sports.

 

[SpecialKHawk]

And folks wonder why it's so difficult for Fran and Co. to resurrect our basketball program......

We must need to crank up our shadiness factor x 100