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Source: No NCAA plans for fraud inquiry

Updated: July 21, 2011, 12:21 AM ET
By Andy Katz | ESPN.com

The NCAA has no intention at present of opening a formal probe into whether a number of high-profile basketball and football coaches and other NCAA officials were defrauded by Houston financial planner and AAU basketball operator David Salinas, a source familiar with the matter told ESPN.com.

Salinas, 60, who was discovered dead Sunday after committing suicide at his Friendswood, Texas home was the apparent target of a U.S. Securities and Exchange Commission probe into whether he orchestrated ...

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