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Tag:Suzanne Tuberville
Posted on: February 28, 2012 2:06 pm

Tuberville named in $1.7M fraud lawsuit

Posted by Jerry Hinnen

Texas Tech is in the middle of its third spring practice under Tommy Tuberville. But no matter how well the Red Raiders may be doing on the Lubbock practice fields, it's been a tough month for Tuberville away from football.

A police investigation into Tuberville's wife, Suzanne Tuberville, following the death of an 87-year-old man who was injured in a November accident in which Suzanne was involved only reportedly closed Monday. Tuberville's legal stress isn't going away anytime soon, though: the Huntsville (Ala.) Times reported Tuesday that Tuberville is near the center of a lawsuit alleging more than $1.7 million worth of fraud on the part of Tuberville and his investment partners at the hedge fund TS Capital Partners.

The suit was filed by a collection of seven plaintiffs in U.S. District Court in Montgomery (Ala.) Friday. The Times details some of the allegations against Tuberville and TS Capital co-founder John David Stroud:

The 32-page suit alleges that Tuberville and Stroud mixed their clients' assets with their own, failed to file tax returns, falsified client statements, falsified fund performance reports and "generally disregarded and violated customary practices and procedures followed in the hedge fund and security investments industry."

Several plaintiffs, including at least one former employee of TS Capital, have demanded their money be returned, yet, according to the complaint, none of the money invested has been accounted for. The suit also states that investors listed "have reason to believe that most, and possibly all, of their invested funds have been misappropriated, improperly converted and/or squandered."

The suit lists 16 complaints against Tuberville and Stroud, including "negligence or wantonness," "fraudulent misrepresentation" and "fraudulent suppression."
Tuberville was the subject of a 2009 Birmingham News story which touted him as an "amateur stock guru" and detailed his role within the Auburn-based TS Capital, where he maintained an office between his departure from the Auburn head coaching position and his hire at Tech.

Whatever the results of the suit, it won't keep Tuberville from performing his duties with the Red Raiders, and won't prevent his team from rebounding from their disappointing 5-7 2011 season. But that mark showed how much work there is to be done in Lubbock, and anything that might blur their head coach's focus -- and you would think a $1.7 million lawsuit would do it -- certainly won't be welcome news either for Tuberville or his program.

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Posted on: February 22, 2012 12:44 pm
Edited on: February 28, 2012 1:36 pm

Man in accident with Tommy Tuberville's wife dies

Posted by Jerry Hinnen

An 87-year-old man who sustained injuries in a Nov. 1 car accident involving Tommy Tuberville's wife, Suzanne Tuberville, died in an assisted living facility Friday, the Lubbock-Avalance Journal reported.

Sgt. Jonathan Stewart with the Lubbock Police Department told the Avalanche-Journal in November that Suzanne Tuberville had run a red light while driving in Lubbock and struck the vehicle driven by Nelda Purdy, 73. Her husband, Ira Purdy, was a passenger in the vehicle and sustained "a significant head injury, a broken leg, [and] broken ribs," according to Purdy family attorney Bradley Pettit. 

Ira spent time both at the local Covenant Medical Center and a rehab facility before being transferred to the assisted living facility.

No charges have been filed in the case and Stewart said no citations have been issued. But Stewart did say that the investigation into the case remains ongoing. UPDATE, Feb. 28: Stewarthas now said that the investigation has been closed, with no charges yet filed.  

Both Pettit and a source speaking to Texas Tech student newspaper the Daily Toreador said that a citation had been issued to Suzanne Tuberville some time after the crash.

A Texas Tech spokesman said the Tubervilles had no comment other than to wish the Purdy family their condolences.

The Lubbock Medical Examiner's office has been asked to determine Ira Purdy's cause of death, Pettit said. Stewart confirmed the autopsy but did not say when its results might be released.

“The medical examiner was called in, they’re reviewing the case and we’re waiting for their findings," Pettit said. "We’re very confident they will find that he died as a result of the injuries from the Nov. 1 accident."

Tommy Tuberville's Red Raiders recently began spring practice and are gearing up for their spring game on March 24. But it seems unlikely Tuberville is entirely focused on football right at this moment.

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The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or