Rich Rodriguez sued over bad real estate deal; advisor says coach is victim of Ponzi scheme.

Apparently, professional athletes aren’t the only targets for financial con-artists.  Michigan football coach Rich Rodriguez was allegedly involved in a $26 million deal to build condos on the Virginia Tech campus with a partner that is a felon and banned Clemson University booster.

It’s not clear whether he knew about his partner’s troubles before they got into business together, but it looks like more due dilligence should have been done.  See my previous post on Being Careful About Who You Trust!

Read the entire story here.