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Tommy Tuberville a Defendant in Fraud Lawsuit

This is so above my head from a legal point of view, but it does not appear to be good on the surface. The Huntsville Times' John Turner is reporting that Texas Tech head coach Tommy Tuberville is a defendant in a fraud lawsuit:

Tommy Tuberville has been listed in a federal suit that alleges the former Auburn coach and his partner defrauded investors out of more than $1.7 million.

The complaint, filed Friday afternoon in the in U.S. District Court in Montgomery, claims Tuberville and TS Capital co-founder John David Stroud "employed devices, schemes, and artifices" to commit fraud. Seven plaintiffs from Alabama and Tennessee are seeking damages against the Auburn-based investment company.

Again, I'm not qualified to really comment much, if at all, on the allegations and we don't know how much, if any, Tuberville had to do in regards to the fraud claims.