10 charged in college basketball fraud, corruption investigation

US Charges 10 in Crackdown on College Basketball Kickbacks

Federal prosecutors have announced charges of fraud and corruption in college basketball, including against four coaches.

Person then allegedly told the mother later that they should just go and use CW-1, telling her she should tell CW-1 what she needed, and that, because CW-1 was not an "agent", the payments were not "illegal". "We're unaware of any misconduct and will fully cooperate with authorities to understand more".

J. David Grissom, chairman of the university's board of trustees, declined to say during a telephone interview if he had spoken with U of L athletics director Tom Jurich or Postel.

A school in Kentucky matching the description of the University of Louisville is involved in fraud and corruption case, according to the U.S. Attorney's Office in the Southern District of New York. "Our investigation is ongoing".

Three of the men are affiliated with a multinational athletic apparel company.

Adidas denied any knowledge of Gatto's actions. This stems from an investigation that began in 2015 that traced the flow of money from a certain apparel company to high school coaches, student-athletes and their families, as well as payments that were accepted by these coaches from agents.

The executive and other defendants reportedly spent $100,000 and $150,000 of Adidas' funds to bribe two high schoolers to play at Adidas-sponsored universities - likely the University of Louisville and the University of Miami.

Adidas said in an emailed statement that one of its employees had been arrested by U.S. authorities. "And employees of one of the world's largest sportswear companies secretly funneling cash to the families of high school recruits". Former San Antonio Spurs player Chuck Person was one of the 10 arrested.

In addition, Person, Auburn's all-time leading scorer and the NBA's 1987 Rookie of the Year, is accused of taking bribes from Michel in exchange for pushing potential NBA players in his program to wear Thompson Bespoke Clothiers suits. The coach acknowledged the situation saying, "We gotta be very low key".

They said the probe has revealed numerous instances in which bribes were paid by athlete advisers, including financial advisers and associate basketball coaches, to assistant and associate basketball coaches to exert influence over student-athletes so the athletes would retain the services of those paying the bribes.

The development comes as Louisville is appealing NCAA sanctions handed out in June following an escort scandal that unfolded nearly two years ago.

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