WHILE COLLEGE BASKETBALL PLAYERS ARE PLAYING BALL — COACHES, RECRUITERS, AND SPORTSWEAR REPS ARE INTO RICO RACKETEERING — BIG BUCKS TO BUY THE YOUNG ADULTS TALENTS!!

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Charles Person

Tony Bland

Emanuel Richardson

Lamont Evans

James Gatto

Christian Dawkins

Jonathan Augustine

Merl Code

Munich Sood

Rashan Michel

Video Source – ABCNews

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By Emily Saul September 26, 2017

>> NCAA basketball coaches, sportswear reps busted by FBI in a fraud and corruption scheme — The FBI is charging 10 people, including four NCAA basketball coaches and representatives of a “major international sportswear company” with fraud and…

> Coaches with some of the country’s top college basketball programs — including former NBA star Chuck Person — were arrested Tuesday morning as part of a wide-ranging bribery and fraud probe tied to their recruitment of players, authorities said.

>> Person, assistant head coach at Auburn University and coaches at the University of Arizona, University of Southern California and Oklahoma State University were busted, as well as managers, financial advisers and two top reps for Adidas, the Department of Justice said.

>> Manhattan federal-court documents allege that the coaches received kickbacks from the agents, money advisers and clothing-giant execs for steering their players — some of the biggest former high-school basketball stars in the nation — to them for lucrative deals.

>> Along the way, the agents, advisers and apparel-company bigs allegedly funneled tens of thousands of dollars to the players and their families to make sure they went to the coaches’ schools.

>> In addition to Person — a star b-baller at Auburn before playing more than a decade in the NBA, most notably for the Indiana Pacers — the arrested coaches include: Anthony “Tony” Bland, associate head coach at University of Southern California; Lamont Evans, associate head coach and recruiting coordinator for Oklahoma State University’s basketball team, and Emmanuel Richardson, an assistant coach for University of Arizona.

>> Jim Gatto, director of global sports marketing for basketball at Adidas, has been named in court papers as among those rounded up and arrested

Source – NYPost

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Feds vow crackdown on NCAA corruption after busting coaches

By Bruce Golding and Kaja WhitehouseSeptember 26, 2017

The feds vowed Tuesday to clean up corruption in college sports following the arrests of four Division I NCAA basketball coaches and six other men on bribery and fraud charges.

>> “We have your playbook,” New York FBI Assistant Director in Charge William Sweeney warned during a Manhattan news conference.

>> “Our investigation is ongoing and we are conducting additional interviews as we speak.”

>> Acting Manhattan US Attorney Joon Kim also urged anyone with relevant information to contact authorities — and extended the offer to anyone “who engaged in this type of conduct.”

>> “I think it’s better for you to call us, than for us to call you when we’re ready to charge you,” he said.

Source – NYPost

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Adidas stock tumbles after exec busted in bribery scheme

By Bruce Golding September 26, 2017

Modal Trigger Adidas stock tumbles after exec busted in bribery scheme

>> Adidas’ stock price fell more than 2 percent Tuesday morning following the revelation that a top exec was charged in a wide-ranging bribery scheme to lure college athletes into sportswear contracts.

>> James Gatto, the company’s director of global sports marketing for basketball, is among a dozen defendants named in criminal complaints unsealed in Manhattan federal court.

>> Shares of the German sneaker company were trading at 187.50 euros each on the Frankfurt Stock Exchange, down 2.61 percent, shortly after 11 a.m. New York time

Source – NYPost Video Source – NCAA

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NCAA supports FBI in weeding out ‘deeply disturbing’ conduct

By Joe Tacopino September 26, 2017