Originally written on Dr. Saturday  |  Last updated 12/16/11
Daniel "Rudy" Ruettiger might have become part of Notre Dame folklore as the walk-on football player who inspired a team, but the legacy he ultimately leaves might be that of a scammer. According to the Securities & Exchange Commission, Ruettiger ran a pump-and-dump scheme that enticed investors to bid up the stock of his sports drink company, Rudy Nutrition. Although Ruettiger did not admit or deny guilt, he did pay $382,866 to resolve the SEC's allegations. According to the SEC complaint filed in federal court in Las Vegas, Reuttiger's company sold only a small amount of a sports drink called "Rudy" and instead the company served as a vehicle for a 2008 pump-and-dump scheme that generated $11 million in illicit profits. The SEC revoked registration of the stock of Rudy Nutrition in 2008. "Investors were lured into the scheme by Mr. Ruettiger's well-known, feel-good story but found themselves in a situation that did not have a happy ending," said Scott Friestad, associate dir...
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Sony cut scenes from 'Concussion' to avoid angering NFL

Ryan Clark: Trent Richardson is 'worst RB of all time'

Report: David Feherty won't be back at CBS Sports

Warren Moon: RG3 needs to start taking the blame

Lovullo: I don’t see Hanley Ramirez playing left field again in 2015

Judge Berman’s one-sentence order repeats Deflategate decision timeline

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Ishmael Adams suspended indefinitely following arrest

McNair: Pats caused problem by not cooperating with Deflategate

Browns terminate contract of Phil Taylor

WWE’s 'Superfly' Jimmy Snuka charged in 30-year-old murder case

Randall Cobb: ‘I don’t plan on missing a game’

Ronda Rousey confirms she was supposed to fight Gina Carano

Jack Eichel plans to move in with teammate Matt Moulson

Report: Bills GM 'went rogue’ in cutting Fred Jackson

Terrance Knighton irked by Redskins-Kardsashians comparison

Connor Cook on not being named Michigan State captain: 'It stinks'

Danny Amendola’s advice to those on roster bubble? ‘Control what you can’

Dallas Cowboys: Rookies to watch

Apple reportedly sought exclusive rights to new Bill Simmons podcast

One of Clemson’s 1981 national championship trophies broke

Milan Lucic says playing with Canucks is ‘dream of mine’

Underdogs: Hopefuls that can shock in the World Cup

WATCH: Victoria Azarenka rips chair umpire at US Open

Bill O’Brien starts charity swear jar for cursing on ‘Hard Knocks’

Dikembe Mutombo teared up when Hawks announced franchise will retire his jersey

NFL News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Underdogs: Hopefuls that can shock in the World Cup

Manfred digs Shoeless Joe a deeper grave

Why Mike Trout ain't right

The Opening Drive: Jamal Anderson warns UM fans before heading to Salt Lake City

Best and worst MLB players in August

RG3 blames intern for liking Instagram post trashing owner

Four most surprising roster cuts from NFL teams

Raiders cut Trent Richardson

Caroline Wozniacki smoking cover of ‘Rhapsody’

Everett Golson named FSU's starting QB

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker