Say it ain’t so, Rudy!
The guy who was the inspiration for one of the greatest sports flicks of all time, got caught for illegal procedure.
Time Money Land reports This time, Rudy got sacked.Daniel “Rudy” Ruettiger, best known as the indomitable underdog who realized his dream of playing football at Notre Dame, was charged with deceiving investors Friday by the Securities and Exchange Commission for his role in a pump-and-dump stock scheme.
The SEC alleged that Ruettiger used his inspiring story and heroic reputation to trick of playing in an official game. In the film’s penultimate scene, Ruettiger was carried off the field by his teammates after sacking the opposing quarterback to secure the victory.
More here
investors into buying stock in his sports-drink company, a scheme that ultimately produced $11 million in ill-gotten gains for Ruettiger and a dozen other defendants. Ruettiger agreed to pay $382,866 to settle the charges without admitting or denying guilt in the case.
Ruettiger became famous after his inspiring saga was dramatized in a 1993 movie starring Sean Astin. Despite his small size, (“five foot nothin’, 100 and nothin’”), Ruettiger became a walk-on player at Notre Dame, and eventually realized his dream.
If Ruettiger could pay 300K to get out from under this fraud charge, he doing quite well.
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