The NCAA are set to hand down ‘unprecedented’ penalties to Penn State and their football program.
Claiming he paid for nightclub outings, sex parties, cars and other gifts, former Miami booster and convicted Ponzi schemer Nevin Shapiro has turned the college football world upside-down. “Right now, to me it doesn’t matter what’s true and what’s not true,” Giants star Antrel Rolle, who was named in the report, said on Wednesday.
Nevin Shapiro, once known for his sports philanthropy, pleaded guilty in September in New Jersey federal court to one count of securities fraud and one count of money laundering. The plea was part of an agreement that still has him facing up to 17 years in prison.
A Florida man known for his sports-related philanthropy pleaded guilty Wednesday to running a multistate Ponzi scheme that prosecutors say left investors with up to $100 million in losses.
A Florida man accused of running a $880 million Ponzi scheme that authorities say paid for lavish spending sprees and sports philanthropy may have reached a deal with federal prosecutors.