PBT: Warriors' Udoh caught in financial scandal

PBT: Warriors' Udoh caught in financial scandal
July 27, 2011, 3:18 pm
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July 27, 2011
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Kurt HelinProBasketballTalk.com

Its a sad story that has touched large parts of college basketball. David Salinas was an investment manager and AAU official in Houston who it turns out was running a ponzi scheme and bilked a number of college coaches including Billy Gillespie and Lute Olsen for big money. This could get even messier for some coaches as the investments could be tied to recruiting favors.

When the SEC and NCAA started to investigate, Salinas committed suicide.

Now this story has touched the NBA, reports Sports Illustrated:

Two NBA players, 2010 Warriors lottery pick Ekpe Udoh (350,000) and former Wizards swingman Cartier Martin (374,000), were confirmed to be clients by SI.

The money in parenthesis is how much each player invested. Udoh, a lottery pick of the Warriors, played his college ball in Texas (at Baylor) and Martin is a Houston native (he played for the Wizards last season but is now a free agent).

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