U. Of Cincinnati Coach's Fund Partner Must Pay $8M Penalty

Law360, New York (December 12, 2013, 4:30 PM EST) -- The imprisoned co-founder of a hedge fund also managed by the head football coach of the University of Cincinnati was ordered Thursday to pay over $7.7 million to investors who say he defrauded them of their investments and mismanaged assets.

U.S. District Judge Myron H. Thompson entered default judgment against John D. Stroud, a former Auburn, Ala., resident and businessman, after Stroud stopped contesting the action. The case had been slated to proceed to trial against co-defendant Tommy Tuberville, who has also coached at the University...
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