College Coaches Victimized in Alleged Ponzi Scheme

More than a dozen current and former college basketball coaches, including Texas Tech’s Billy Gillispie, Baylor’s Scott Drew, and Gonzaga’s Mark Few, may have lost millions of dollars they invested with J. David Salinas, a Houston businessman and operator of an amateur basketball program who killed himself this week during a federal investigation into his businesses, SI.com reports. The case, which involves the supposed issuing of corporate bonds that may not have existed, could draw the attention of the NCAA, since many players from Mr. Salinas’s basketball program in Houston went on to play for colleges whose coaches had invested with him.