By Gary Parrish
CBSSports.com on Sunday reported the names of nine college basketball coaches confirmed to have invested money with David Salinas -- the co-founder of the Houston Select summer basketball program who committed suicide shortly after the United States Securities and Exchange Commission (SEC) launched an investigation into his investment business (J. David Financial Group).
Every coach named but one has either acknowledged the financial dealings with Salinas or declined comment. The lone exception is former Duquesne and Nebraska coach Danny Nee, who told the Omaha World-Herald he was aware of our report before adding, "Whatever they said I did, I didn’t do."
So what did we say Nee did?
We reported he invested money with Salinas.
Why did we report that?
Because a source provided us with a brochure from Select Asset Management, LLC -- another Houston-area investment firm that's run by Houston Select co-founder Brian Bjork and is associated with J. David Financial Group. The brochure features a "testimonial" from Nee, now the head coach at the United States Merchant Marine Academy. The testimonial reads: "I have been a client with J. David Financial Group since I was referred to them in 1995-96. After several financial planning sessions, I became very comfortable with their long-term visions and investment style. More importantly, I marvel at their track record in both up and down markets."
In other words, we stand by our report.