The organization that has become most famous for its investigations recently has decided it doesn't need to bother with one for this doozie. J. David Salinas, a Houston-based AAU program's executive, allegedly committed suicide, revealing a failed Ponzi scheme that totaled almost $8 million in coaches' money.
In other words...what?
Please explain this, Andy Katz:
A high-ranking source with direct knowledge of the NCAA's interest in the case told ESPN.com that the coaches invested money in the alleged scheme but that it isn't an NCAA issue and concluded no rules violations occurred.
...
The source said that over the past four to five years Salinas was out of the picture in recruiting. Salinas was more involved when his son played for Houston Select years earlier.
Other highlights from the story include Salinas hosting a party at the House of Blues in Houston with "hundreds" of coaches, Katz's all-knowing source asking desperately, "where are the bonds?" and the story of dozens of college coaches perusing their investments and realizing they had just been bamboozled.
The real problem with this bit is the NCAA's seeming apathy over any infractions the coaches may or may not have committed. Their bloodlust knows no bounds when it comes to making sure unpaid athletes remain unpaid, but when the supposed infractions are committed by the coaches, and only by the coaches, the NCAA decides it's not worth their time.
Where are the bonds, indeed.
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