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Thread started 12/17/11 12:50pm

Graycap23

‘Rudy’ movie hero fined in investment scheme

I'll bet ESPN won't cover this one.

‘Rudy’ movie hero fined in investment scheme

The inspiration behind the 1993 hit movie “Rudy” has agreed to pay back nearly $400,000 of $11 million securities regulators say he and others received in illicit profits from an investment scheme, according to a Wall Stree...al report.

Daniel “Rudy” Ruettiger, who founded and ran the Rudy Nutrition sports drink company before it fizzled, was considered a key player in the investment scheme, the Securities and Exchange Commission said. He and 12 accomplices were accused of inflating the company’s penny stock price so they could profit from the run-up.

The movie, considered one of the top inspirational sports movies ever produced, focused on the life of Ruettiger, whose dream of playing football for the University of Notre Dame became a reality despite seemingly insurmountable odds.

http://blogs.ajc.com/business-beat/2011/12/16/rudy-movie-hero-fined-in-investment-scheme/?cxntlid=thbz_hm

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