seems like a great guy.
No, Daniel "Rudy" Ruettiger, the famous Notre Dame football player, did not go to jail, but he was involved in a securities fraud case where he settled charges with the SEC for a "pump-and-dump" stock scheme related to his company, Rudy Nutrition, agreeing to pay fines and accept a ban from public companies, while other participants faced prison time.
Key Details:
SEC Charges (2011): Ruettiger was charged with securities fraud for his role in promoting Rudy Nutrition stock in a scheme to inflate its price.
Settlement: He settled the charges without admitting guilt, paying over $380,000 and agreeing to be barred from being an officer or director of a public company.
No Jail Time for Rudy: While the schemes hurt investors, the legal actions against Ruettiger resulted in financial penalties and industry bans, not imprisonment.
Other Individuals: Some co-conspirators in the scheme did face prison sentences for their roles in orchestrating the fraud.