Former Tuberville Partner Sentenced to Prison

Tools

By Alabama News Network

A former business associate of football coach Tommy Tuberville is headed to prison for defrauding investors of millions of dollars in a fraud scheme.

The Opelika-Auburn News reports a Lee County judge sentenced 42-year-old David Stroud to 10 years in prison on Monday.

Stroud and Tuberville became associates after Tuberville was hired as the head football coach at Auburn.

Tuberville wasn't part of the criminal case in Lee County, but he was named in a federal lawsuit filed by investors who claimed some $1.7 million in losses. Tuberville settled the suit and was dropped from the case.

Stroud pleaded guilty to fraudulent securities trading. The judge ordered him to pay more than $2.1 million to a dozen investors.

State regulators say Stroud falsely portrayed himself as a commodities trader.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

Add a comment

Name:

Comment: 1000 Characters Left

WNCF and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. Comments are posted on site immediately and without station moderation. If you feel a comment is inappropriate you may flag it for review. For guidelines on flagging comments see our Terms & Conditions. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.

ABC Montgomery Poll

Which Restaurants Would You Most Like to See in Montgomery? (vote for one or more)

  • Benihana
  • California Pizza Kitchen
  • Chuy's
  • J. Alexander's
  • Landry's Seafood
  • P.F. Chang's
  • Romano's Macaroni Grill
  • Ruth's Chris Steak House