Fraud Artist Shapiro Claims Paying for Miami Athletes

goldenx-largeConvicted Ponzi scheme artist Nevin Shapiro informed Yahoo! Sports that he gave impermissible benefits to dozens of University of Miami athletes, most of them were involved with the football program.

It took Yahoo! Sports 100 hours interviewing Shapiro.  The investigative report as well included financial lists and validation from some sources, including former Miami players, to support the claims of Shapiro.

Shapiro was sentenced to 20 years in prison last June after he admitted to securities fraud and money laundering.  He as well was ordered to pay over $82 million in restitution to his victims.  The NCAA is looking into the task of Shapiro with the program.

Among the most alarming facts to the program include seven former coaches and three athletic support staff who observed, had information of, or yet contributed in Shapiro committing all kinds of NCAA breaches.

At a cost that Shapiro estimates in the millions of dollars, he said his advantages to athletes integrated, but were not limited to: cash, prostitutes, entertainment in his homes and yacht, paid journeys to high-end restaurants and night clubs, jewelry, bounties for on-field play, travel and on one occasion, an abortion.

 

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