Daniel 'Rudy' Ruettiger Charged with Fraud by SEC

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Saturday December 17th, 2011

Daniel "Rudy" Ruettiger -- made famous as the subject of the of the 1993 movie "Rudy" -- has been charged by the Securities and Exchange Commission with fraud in connection with a stock manipulation scheme, according to the Chicago Sun-Times.

Ruettiger founded Rudy Nutrition, a sports drink that was set to rival leading brands. However, experiencing only a modicum of success, Ruettiger and 12 others stand accused of participating in a scheme that artificially inflated the price of Rudy Nutrition's stock.

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