Wednesday, July 20, 2011

News and Notes: Wednesday Edition

Above, a promotional poster we found from the 2010 NCAA Tournament's Sweet 16. Lou Dale ('10) makes the cut. Below, news and notes for Wednesday...

  • Sports Illustrated notes that former Cornell basketball head coach, Scott Thompson, who coached the Big Red between the 1996-1997 and 1999-2000 seasons, was the victim of a ponzi scheme which cost him $65,000 in investments with the late Houston-area businessman and AAU basketball operator J. David Salinas. Numerous other high profile college basketball coaches were also victims. "I'm shocked and surprised like everyone else, and trying to figure it all out," Thompson told "I think David befriended many people, and many coaching friends, and I invested with him like many other people did." Thompson, who was Steve Donahue's predecessor, was forced to step down from his position at Cornell due to a battle with cancer.
  • LEB Gold league team (Spain's 2nd Division), Ourense, formally announced the signing of Cody Toppert ('05). Jeff Foote ('10) played in the LEB Gold last season with Melilla.

1 comment:

Anonymous said...

The issue on the ponzi scheme is why were so many college coaches investing $ with a guy that is running an AAU program having potential division I recruits - It may very well be that there is no connection and that the coaches established the relationships based on recommendations or perceptions/evaluations of the guy as an investment manager but this can't look good for any coach who might also have been interested in recruiting some of his players.