J David Salinas

Investment advisor David Salinas, the founder of a prominent Houston-area summer basketball program who was being investigated by the Securities and Exchange Commission, died of an apparent suicide. Salinas, 60, who founded the Houston Select summer basketball program, was under investigation by the SEC for fraudulent practices that may have cost several high-profile basketball coaches millions of dollars in investments. At the time of his death, Salinas was the board chairman of the J David Financial Group in Friendswood. But Salinas was best known in basketball circles as the co-founder of Houston Select Basketball in 1992. Houston Select teams have won more than 12 titles, according to the program's Web site.