Houston-area summer basketball figure found dead

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wpc77

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Houston-area summer basketball figure found dead
« on: July 18, 2011, 02:21:00 PM »
Interesting....I believe D'Angelo played in this program - Houston select (http://www.cbssports.com/mcc/blogs/entry/26283066/30683502/1):

David Salinas, an investment adviser who doubled as the founder of a prominent Houston-area summer basketball program, died of an apparent suicide Sunday, multiple sources have told CBSSports.com. According to a source, the development comes in light of the United States Securities and Exchange Commission (SEC) investigating Salinas for fraudulent practices that might've cost several college basketball coaches who had invested with Salinas millions of dollars.

Salinas was 60.

"A lot of coaches got (expletive)," said one college coach who spoke to CBSSports.com on the condition of anonymity. "It's bad."

Former Arizona coach Lute Olson, Baylor coach Scott Drew, Texas Tech coach Billy Gillispie and former Utah coach and current Gonzaga assistant Ray Giacoletti are among those CBSSports.com has confirmed invested with Salinas. A document obtained late Sunday by CBSSports.com has testimonals from other coaches who invested with Salinas -- specifically Nebraska coach Doc Sadler, Texas A&M-Corpus Christi coach Willis Wilson, former Houston and Nevada coach Pat Foster, former Duquesne coach and current United States Merchant Marine Academy coach Danny Nee and Augustana College coach Grey Giovanine.

"But the list is much longer," a source said. "Lots of coaches had money with him, but they're going to try to deny it and just hope it doesn't come out."

The reason some might be concerned about their financial connection to Salinas is because it's unclear how the NCAA would view college coaches investing money with the founder of a summer basketball program that supplied recruits to several universities over the years. Among the prominent prospects who played in Salinas' program are Juwann McClellan (Arizona), Demetri Goodson (Gonzaga), Joseph Jones (Texas A&M), Dexter Pittman (Texas) and Cartier Martin (Kansas State), the last of whom spent last season with the NBA's Washington Wizards.

"I trusted David," said one college coach who spoke to CBSSports.com on the condition of anonymity. "All of us liked him a lot. This is a complete shock." Added another coach who also spoke to CBSSports.com on the condition of anonymity: "I can't believe this happened. He's about the last guy I would've figured would do something like this."

One of the coaches involved called CBSSports.com late Sunday and offered comment. He asked that his name not be used but said, "We're not concerned about the NCAA right now. We're just scared we got Madoffed."


http://www.cbssports.com/mcc/blogs/entry/26283066/30683502

Re: Houston-area summer basketball figure found dead
« Reply #1 on: July 18, 2011, 02:22:39 PM »
Harrison played with Franchize All-Stars.

wpc77

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Re: Houston-area summer basketball figure found dead
« Reply #2 on: July 18, 2011, 02:26:32 PM »
good to hear

MCNPA

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Re: Houston-area summer basketball figure found dead
« Reply #3 on: July 19, 2011, 08:52:11 AM »
Quite a few coaches are going to be in trouble and likely investigated.  Billy Gillespie, Danny Nee, Scott Drew, Lute Olson and others invested with him.  I'm sure some more will come out in terms of active coaches. 

Moose

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Re: Houston-area summer basketball figure found dead
« Reply #4 on: July 19, 2011, 09:02:46 AM »
Quite a few coaches are going to be in trouble and likely investigated.  Billy Gillespie, Danny Nee, Scott Drew, Lute Olson and others invested with him.  I'm sure some more will come out in terms of active coaches. 

Gillespie?
Drew?

I'm utterly shocked
Remember who broke the Slice news

MCNPA

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Re: Houston-area summer basketball figure found dead
« Reply #5 on: July 19, 2011, 09:14:36 AM »
Quite a few coaches are going to be in trouble and likely investigated.  Billy Gillespie, Danny Nee, Scott Drew, Lute Olson and others invested with him.  I'm sure some more will come out in terms of active coaches. 

Gillespie?
Drew?

I'm utterly shocked

Olson I'm a little surprised about.  There are more though.  Nee flatly denied it and was proved to be lying.  I'm just wondering who else we find out about.  Even Rick Barnes might be looked into if he was found to have invested with Salinas, as Dexter Pittman was somehow in connection.  I'm sure there is more that will come out.

Tom Penders refused to invest with Salinas per this article:

http://www.thedaily.com/page/2011/07/19/071911-sports-college-coaches-ponzi-1-2/

Marillac

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Re: Houston-area summer basketball figure found dead
« Reply #6 on: July 19, 2011, 04:30:46 PM »
Quite a few coaches are going to be in trouble and likely investigated.  Billy Gillespie, Danny Nee, Scott Drew, Lute Olson and others invested with him.  I'm sure some more will come out in terms of active coaches. 

Gillespie?
Drew?

I'm utterly shocked

Olson I'm a little surprised about.  There are more though.  Nee flatly denied it and was proved to be lying.  I'm just wondering who else we find out about.  Even Rick Barnes might be looked into if he was found to have invested with Salinas, as Dexter Pittman was somehow in connection.  I'm sure there is more that will come out.

Tom Penders refused to invest with Salinas per this article:

http://www.thedaily.com/page/2011/07/19/071911-sports-college-coaches-ponzi-1-2/

Barnes is dirty...it's just a matter of time.  You don't have to look any further than the amount of Ro Russell's players he gets to Texas.