Before he committed suicide, AAU Coach and investment advisor David Salinas handled millions of dollars on behalf of multiple college coaches including Billy Gillespie, Lute Olsen, Art Briles and Mark Few.
David Salinas Investment Client List Continues To Grow
That list continues to grow as Sports Illustrated uncovers more sports-related names on Salinas’ client list.
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. So was one former athletic director and NCAA selection committee member, Rudy Davalos ($83,000).
All-told, 13 college basketball coaches invested nearly $8 million with Salinas. The total amount of money in the bond is an estimated $55 million. None of that money has been recovered.
It still remains up in the air as to whether or not the NCAA will fully investigate the situation. However, as more names are unearthed and incestuous nature of each investor’s relationship (coach, player, assistant, school employee) is pieced together, it’s hard not to think that a formal inquiry isn’t at least warranted.
For more on the Salinas story, keep track of this storystream.
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