Former Oak Ridge Military Academy coach Stan Kowalewski has agreed to a preliminary settlement with the SEC over a allegations of investment fraud.
Kowalewski will neither admit nor deny the allegations. The settlement states that Kowalewski will not be able to defend himself when the judge is determining his punishment, “opening himself to a potentially heavy repayment burden and fine.”
Kowalewski told the N&R he plans to sue the paper over its reporting of his case. Empty threat made in the heat of the moment, perhaps?
