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NCAA HOOPS THREAD! -- K petitions to get Maui Jim Maui Invitational moved to Transylvania (1 Viewer)

Who is worse?

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IC FBGCav said:
Of all the scamming, this is low on the ladder.
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Which is why most are speculating this is the opening salvo.  The FBI started investigating this stuff in 2015 and I'm sure will be trying to roll Gatto, Code, Sood, Dawkins, and to a lesser extent some of these coaches.  Gatto, if he rolls, is sure to bring a whole lot more down as well (and if the indictment is any indication, they already have a wiretap on his phone).  

EDIT: This is much more like the FBI's investigation into FIFA bribery than to anything else. 

 
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rodg12 said:
Still trying to wrap my head around this.  Why is the FBI doing the NCAA's dirty work here?
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Like I said above, because a whole bunch of "financial advisers" have been stealing athlete's money and the NBAPA and NFLPA requested them their help.  This is an outgrowth of one of those cases.

Having said that, they now have a clear shot at Adidas, as well.

 
Sammy3469 said:
Like I said above, because a whole bunch of "financial advisers" have been stealing athlete's money and the NBAPA and NFLPA requested them their help.  This is an outgrowth of one of those cases.

Having said that, they now have a clear shot at Adidas, as well.
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I don't think it is stealing money, I think it is providing them with more money sooner than they should be able to do so, as well as using the schools staff to funnel athletes toward agents, planners and Addidas. At least that is what I understood when I heard it this morning. I was listening to DP and he had a lawyer that was reading from the subpoena (I think).

 
Still cracking up over that hot take FBI reading. 

"For the 10 charged men, the madness of college basketball went well beyond the Big Dance in March"

:lmao:  

 
Mr. Ected said:
I don't think it is stealing money, I think it is providing them with more money sooner than they should be able to do so, as well as using the schools staff to funnel athletes toward agents, planners and Addidas. At least that is what I understood when I heard it this morning. I was listening to DP and he had a lawyer that was reading from the subpoena (I think).
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And from the FBI point of view, these coaches are getting cash kickbacks that I assume they are not listing on their tax return.

:AlCapone:

 
Mr. Ected said:
I don't think it is stealing money, I think it is providing them with more money sooner than they should be able to do so, as well as using the schools staff to funnel athletes toward agents, planners and Addidas. At least that is what I understood when I heard it this morning. I was listening to DP and he had a lawyer that was reading from the subpoena (I think).
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I am not being clear.  The FBI/SEC have been investigating a number of financial advisers for Ponzi schemes and otherwise stealing athlete's money.  This was going on anyway.

These indictments are an outgrowth of that.  Blazer (who is CW-1) was indicted in 2015 for running a Ponzi scheme and has been working with the FBI since.  Blazer has been in cahoots with Soon who was indicted today since 2011.

 
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Sammy3469 said:
Mr. Ected said:
I don't think it is stealing money, I think it is providing them with more money sooner than they should be able to do so, as well as using the schools staff to funnel athletes toward agents, planners and Addidas. At least that is what I understood when I heard it this morning. I was listening to DP and he had a lawyer that was reading from the subpoena (I think).
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I am not being clear.  The FBI/SEC have been investigating a number of financial advisers for Ponzi schemes and otherwise stealing athlete's money.  This was going on anyway.

These indictments are an outgrowth of that.  Blazer (who is CW-1) was indicted in 2015 for running a Ponzi scheme and has been working with the FBI since.  Blazer has been in cahoots with Soon who was indicted today since 2011.
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Gotcha, I didn't read the whole thread either. It is interesting that they are not trying to take money from them, just wanting to make sure they would become their clients so they could reap $$$ off of them later!

 
Black Tuesday 

The amount of fall out from this is going to be huge!    Coaches can be fired, schools put on suspension, loss of scholarships.  But, can the players do jail time for taking money, shoes, poonany?    I will never blame the players.   Get some money for my family, and for myself is never a bad thing.    Everyone is making money of these 1 and done kids.  

 
SHIZNITTTT said:
Black Tuesday 

The amount of fall out from this is going to be huge!    Coaches can be fired, schools put on suspension, loss of scholarships.  But, can the players do jail time for taking money, shoes, poonany?    I will never blame the players.   Get some money for my family, and for myself is never a bad thing.    Everyone is making money of these 1 and done kids.  
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Depends on the end game here.  I could see them letting the kids off crimes (tax evasion?) if they talk and give up the information the FBI is after.  I'm sure people going to be talking here real soon.   

No way Pitino survives this after the hooker scandal, right?

 
Ramblin Wreck said:
Depends on the end game here.  I could see them letting the kids off crimes (tax evasion?) if they talk and give up the information the FBI is after.  I'm sure people going to be talking here real soon.   

No way Pitino survives this after the hooker scandal, right?
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I dunno man, it looks pretty bad atm.     

 
Ramblin Wreck said:
No way Pitino survives this after the hooker scandal, right?
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I am not sure Louisville survives this - let alone Pitino.

But, I suspect things will get a lot uglier in college basketball before they get better.  No chance this is limited to Adidas, nor to the Universities already named.

 
What if I told you that Rick Pitino could give 18 year olds $100k and whores but couldn't outrun John Calipari or his own demons?

 
Louisville and Arizona are about as close to blue chip programs as you can get outside of the top 4 or 5 programs in the county. Auburn has sucked, but Bruce has brought in some really, really good recruits. They were/are going to have a better year than most people think.

It looks like one of the Adidas suits, Merle Code, recently came over from Nike. So unless you think this thing is confined to a few schools and one shoe company, all the teams in the PK80 should be feeling scared too.

 
Good Posting Judge said:
"Today, the FBI is "blocking out" several of these coaches from grabbing the rebound of greed."
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Because when the FBI and prison time gets involved, wearing the 3 stripes takes on an entirely different meaning.

that was my end of the take kicker that I never got around to writing. 

 
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