Posts tagged: Salinas
I wasn't planning on posting during a few days of vacation, but here are a couple items of interest: The latest on David Salinas here, GU apparently will entertain Western Michigan at the Arena and Rotnei Clarke is Butler bound.
The swiftly evolving story involving college basketball coaches, including Gonzaga's Mark Few and Ray Giacoletti, caught up in an investment debacle with Houston businessman David Salinas took another turn Monday night when ESPN.com reported that the NCAA isn't planning to investigate the situation.
S-I.com is reporting that Gonzaga's Mark Few is among a growing list of college basketball coaches who invested money with David Salinas, the Houston-area investment adviser who also founded the Houston Select AAU team. Few reportedly invested $353,000 with Salinas, who committed suicide Sunday.
GU assistant coach Ray Giacoletti acknowledged Monday that he's invested money with Salinas for 22 years.
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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