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Giacoletti loses long-time friend

News reports surfaced in the last 24 hours of the suicide of David Salinas, an investment adviser and founder of a Houston AAU team. GU assistant basketball coach Ray Giacoletti is one of many coaches, possibly in several sports, who invested money with Salinas.

Salinas' death comes days after he was interviewed by federal officials probing a possible Ponzi scheme. He was reportedly under investigation by the U.S. Securities and Exchange Commission for fraudulent practices that may have cost numerous high-profile coaches millions of dollars in investments.

Giacoletti has known Salinas for 22 years, preceding Salinas' founding of Houston Select, a team that had Demetri Goodson on its roster when he was Houston-area high schooler. Giacoletti expressed his condolences to the Salinas family in a statement released by Gonzaga.

Some coaches could be concerned that the NCAA might frown on coaches having a financial relationship with Salinas when he's also the founder of an AAU program that sent numerous recruits on to colleges, CBSsports.com reported

Here's a link to my article that will run in Tuesday's S-R.

A couple of things to point out: Goodson was recruited primarily by Leon Rice, who left Gonzaga to become the head coach at Boise State. A quick scan of Giacoletti's rosters at North Dakota State, EWU, Utah and GU's (over the last four years) indicate Goodson is the only player with a connection to Houston Select. I say a quick scan because I'm covering the Spokane Indians game while scouring rosters.

 

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Here's a short article on


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Jim Allen (@srjimallen) Sports reporter Jim Allen's primary coverage areas are Eastern Washington University football and men's basketball, and college and high school soccer. He also contributes to the SportsLink Blog.

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