Found February 12, 2013 on No Guts, No Glory:
PLAYERS: Bobby Petrino
The last 12 months haven’t been the best for John L. Smith. In that time frame, Smith led the Razorbacks to an embarrassing 4-8 season after taking over for Bobby Petrino, had to file bankruptcy, and was eventually fired by the university. And just as Smith had taken the head coaching job at Fort Lewis College and was trying to move on with his life, he now has to deal with fraud allegations from creditors. Former Arkansas football coach John L. Smith has been accused of using his employment contracts with Razorbacks to defraud several of his creditors, according to two complaints filed this week in U.S. Bankruptcy Court. The bankruptcy arm of the U.S. Department of Justice also has investigated Smith for potential fraud and abuse of the bankruptcy system but has not filed a complaint, according to court filings. At the center of the allegations is Smith’s Arkansas contract and the way it was structured. According to the complaints, the contract was structured in such a way that all...
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