Texas Tech Coach Fumbled Hedge Fund Client Money: Suit

Law360, New York (February 28, 2012, 12:50 PM EST) -- A hedge fund managed by the head football coach of Texas Tech University misused $1.8 million in client money while falsely promising safe returns, according to a suit filed Friday in Alabama federal court.

The complaint was brought by seven individuals who invested in TS Capital Partners, a commodities pool operator co-founded by Tommy Tuberville, who is entering his third season as coach of the Red Raiders. John David Stroud, TS Capital’s other co-founder, is also named as a defendant, in addition to several companies affiliated...
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