Tommy Tuberville and SECURITIES FRAUD.
His partner: $2.1MM restitution + 10 yrs in prison!
Tommy: zero. zip. nada ?
"In 2010, Tuberville was named as a co-defendant along with John David Stroud in a lawsuit brought against TS Capital LLC.[32] The lawsuit was filed by investors and alleged that Tuberville and Stroud co-managed a hedge fund that defrauded investors of U.S. $1.7 million. Stroud was found guilty in August 2013 of securities fraud, ordered to pay $2.1 million in restitution and serve 10 years in jail. The lawsuit against Tuberville was settled on October 10, 2013 but terms were not disclosed.[33]"
http://archive.ph/5X2rA
"Tuberville and his co-founder John David Stroud have been listed in a federal suit that alleges they committed fraud at investors’ expense of more than $1.7 million. Tuberville’s attorney released a statement that he, “categorically denies any wrongdoing which has been attributed to him in (the) suit.”
The 32-page suit, though, claims that Tuberville and Stroud did not file tax returns, falsified documents, lied about fund performance and mixed their assets with assets of their clients, to name a few.
The suit is next in a growing line of legal troubles. In October 2011, the National Futures Association (NFA) took “emergency enforcement action” against Tuberville’s TS Capital Management firm after it failed to cooperation with an NFA audit. In February of this year, seven people sued Tuberville and Stroud for securities fraud (which has now grown to eight plaintiffs). The plaintiffs have recently rejected Tuberville’s request to stop depositions until Stroud’s case has been resolved – a case that could take years for a resolution as Stroud has been exercising his 5th Amendment right to not speak, and therefore, not helping the case move along very quickly at all."
http://archive.ph/UUcIQ