The alleged investment scheme could prove to be embarrassing to the NCAA because Salinas was prominent in the Houston basketball scene, backing a summer league that attracted the best local basketball players.

FORBES: SEC Accuses Investment Group That Lured College Basketball Coaches of Fraud

This was a hugely embarrassing episode for the bank that made plain for all to see how its behind-the-scene dealings were rife with undisclosed conflicts of interest.

FORBES: What's Bad for Goldman Sachs is Good for Investors