Tuberville accused in federal fraud lawsuit

February, 28, 2012
2/28/12
4:05
PM ET
Texas Tech coach Tommy Tuberville has been accused in a lawsuit of defrauding investors out of more $1.7 million in Alabama following his tenure at Auburn.

A federal lawsuit filed Friday in Montgomery, Ala., names Tuberville, John David Stroud and eight investment entities as defendants, claiming the two men "employed devices, schemes, and artifices to defraud" seven plaintiffs from Arkansas, Alabama and Tennessee.

The suit claims Tuberville and Stroud misappropriated assets, and falsified client statements and fund performance reports as they "unjustly enriched themselves" at the expense of the investors.

See more on this story here.

Here's the full original story from The Huntsville Times.

Texas Tech officials told ESPN.com that Tuberville was expected to release a statement through his attorney later today.

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