Skip to comments.Notre Dame football legend "Rudy" charged in alleged pump-and-dump stock scheme
Posted on 12/20/2011 5:12:09 AM PST by Libloather
Notre Dame football legend "Rudy" charged in alleged pump-and-dump stock scheme
Updated: Friday, December 16, 2011, 4:36 PM
Daniel Ruettiger, the former walk-on football player at the University of Notre Dame who inspired the 1993 film Rudy, agreed to pay $382,000 to resolve U.S. regulatory claims he defrauded investors in his sports-drink company by touting fake taste tests and sales.
Ruettiger and 12 others generated more than $11 million in illicit profits by artificially pumping up the stock of Rudy Nutrition, the firm Ruettiger founded, the SEC said in a complaint filed today at U.S. District Court in Las Vegas.
The company sent promotional press releases falsely claiming that Rudy Nutrition outsold sports-drink Gatorade by 2 to 1 in the Southwest and outperformed Gatorade and Powerade in several blind taste tests, according to the complaint. At the same time, the promoters traded Rudy Nutrition stock to inflate the price of unregistered shares they were selling to investors, the SEC said.
(Excerpt) Read more at nj.com ...
The idea of not being able to afford college is a myth perpetrated by liberals. Public junior colleges are not expensive.
It's all a matter of priorities and willingness to work for it.
I didn’t watch the movie or read his bio, so I don’t know his financial situation. I do know that there are opportunities for lower-income students in the way of grants and loans. I find it difficult to believe that he could not have gotten a college loan or grant in some form if was an adequate student. Since he managed to do two years at Holy Cross College before he entered Notre Dame, I would guess that answers the question. He was a military vet who was already attending an accredited college before he got into Notre Dame. Whether he could have afforded Notre Dame without an athletic scholarship is separate from whether he could afford college period.
Do walk-ons get scholarships?
Well, despite less than sterling grades, he was attending college. Which begs the question: should he have been attending college? Now, I have absolutely no problem with him attending Notre Dame or any of the other particulars concerning his life. I’m just saying a student with low academic achievement managed to get into an accredited college.
Why is it assumed that he was “low-middle class”. In the movie he was a steel worker. Isn't that union work with union wages and benefits?
While he may have come from **culturally** lower-middle class family, I did not get the impression that he and his parents were **financially** lower middle class.
Humpph humpph, yes yes..
I didn’t see the movie, and assumed from comments by others that since he couldn’t afford to go to college, he was not middle-class. I have no idea what his parents made. Poor, middle-class, whatever, there were resources for him where he could have a higher education. He didn’t have to get an athletic scholarship to do it was my point.