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Real-life "Rudy" (from the movie) arrested for fraud
Lapis Lazuli
Registered User
User ID: 61736
12-17-2011 03:44 AM

Posts: 10,703



Post: #1
Real-life "Rudy" (from the movie) arrested for fraud
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(Reuters) - Daniel Ruettiger, the legendary Notre Dame football underdog who inspired the 1993 movie "Rudy," couldn't do an end run around the U.S. Securities and Exchange Commission.

The SEC on Friday charged Ruettiger and 12 others with running a stock scam associated with Rudy Nutrition - a company Ruettiger founded to try to compete against Gatorade in the sports drink market.

The company sold modest amounts of the sports drink "Rudy" with the tagline "Dream Big! Never Quit!", but the company was primarily a pump-and-dump stock scheme that created more than $11 million in illicit profits, the SEC said
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Lapis Lazuli
Registered User
User ID: 61736
12-17-2011 03:46 AM

Posts: 10,703



Post: #2
RE: Real-life "Rudy" (from the movie) arrested for fraud
sounds like it was a classic pink sheet scam
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Pi
Infinity
User ID: 3.14159265
12-17-2011 06:02 AM

 



Post: #3
RE: Real-life "Rudy" (from the movie) arrested for fraud
Tissue
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