Gregg Marshall, Billy Packer reportedly victims of Ponzi scheme

AP Photo/Michael Dwyer

The newest head coach in the AAC, Wichita State’s Gregg Marshall, was the victim of a Ponzi scheme that may have bilked investors of $51 million, according to a bankruptcy court filing obtained by the Wichita Eagle.

The Ponzi scheme was run by a Charlotte businessman named Greg Siskey, who took his own life back in December as it started to unravel.

Marshall, who spent a decade as the head coach at Winthrop in South Carolina, had $200,000 invested with Siskey in TSI Holdings, one of the four companies that have been forced into bankruptcy, according to the paper. He wasn’t the only prominent college basketball name that had money invested with Siskey: Billy Packer is reportedly out $1.3 million.