Tuberville denies wrongdoing in federal suit

February, 28, 2012
2/28/12
5:50
PM ET
Tommy Tuberville denied any wrongdoing in a federal lawsuit filed Friday that alleged he was part of a group that defrauded investors out of more than $1.7 million in Alabama following his tenure at Auburn.

Tuberville said he was "surprised" to learn of the lawsuit and said he did not benefit financially from the recent investments with TS Capital Partners, LLC.

Here's the full statement Tuberville released through his lawyer on Tuesday afternoon:
Coach Tuberville was surprised to learn of the pending lawsuit involving TS Capital Partners, LLC and he categorically denies any wrongdoing which has been attributed to him in this suit. He has never even met or spoken with most of the plaintiffs and he is acquainted minimally with the few other plaintiffs only because they were employees at TS Capital Partners, LLC. Coach Tuberville absolutely never solicited any investment from any of these or other individuals. It is important to note that Coach Tuberville himself invested significant funds and has never received any return from his own investment. Accordingly, he is hopeful the plaintiffs, who were employees, can help to provide answers as to what transpired. Coach Tuberville has cooperated with every regulatory inquiry and not a single one has asserted that he was involved in any wrongdoing. He intends to vigorously defend the allegations made against him and is confident he will be exonerated.

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