College Basketball Coaches, Adidas Executive, Charged In Bribery Case

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A day after federal officials revealed an investigation into a widespread alleged kickback scheme in big-time college basketball, Rick Pitino, the University of Louisville's head men's basketball coach, and Tom Jurich, its athletics director, were both placed on administrative leave.

Postel also said Wednesday that one student-athlete has been informed he will not practice or play for the university until investigation is resolved. The schools were not named, though one was described as "a public research university located in Kentucky" with approximately 22,640 students, which is the approximate student population of the University of Louisville.

Acting U.S. Attorney Joon H. Kim says the investigation was "covert until today".

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An unidentified player who allegedly enrolled at Louisville after bribes were paid to his family was removed from team activities, the school said. Players who want to go straight to the National Basketball Association from high school should be welcomed if theyre good enough and the others should have to commit to at least two years, preferably three, if they go to college.

The company issued a statement Tuesday after federal prosecutors announced that its director of global sports marketing is charged along with four college assistant coaches.

Before the rule's implementation, the best high school basketball players in each class had the option of simply entering the N.B.A. and receiving a salary, as well as lucrative endorsement deals, and above all not needing to worry themselves over N.C.A.A. rules. It says news accounts described his college decision, announced in June, as a surprise. Prosecutors allege Gatto arranged for a $100,000 bribe for the family of Brian Bowen, the former IN high school basketball star who made the surprise last-second decision to commit to Louisville this summer.

Louisville's involvement with the infraction was with a recruit the Cardinals gained over the summer, who many presume to be five-star recruit Brian Bowen, only detailed in court documents as "Player-10". The rush to judgment is regrettable.

Court documents indicate that the Federal Bureau of Investigation has additional information that might implicate several more coaches from across the country. "We're unaware of any misconduct and will fully cooperate with authorities to understand more". According to the complaint, the coaches allegedly facilitated and received bribes from athlete advisers, including business managers and financial advisers Christian Dawkins and Munish Sood, over multiple instances, in exchange for directing and pressuring players and their families to retain the services of these advisers.

The SEC alleges that Blazer, who founded Blazer Capital Management as a "concierge" firm targeting professional athletes and other high-net worth individuals as clients, took approximately $2.35 million from five clients without their authorization so he could invest in two movie projects. Person faces bribery, wire fraud and other charges.

Jim Gatto is the Adidas (Company-1) basketball executive named as a defendant in the complaint.

The alleged conspirators are accused in the indictment of paying one recruit, described as an all-American, $100,000 to attend the university in Kentucky, with the payments created to be concealed from both the school and the NCAA. Assistant coaches at Arizona, Auburn, the University of Southern California and Oklahoma State were expected to appear in courts later Tuesday to face the charges. "So we got to be able to fund the situation", Dawkins was allegedly recorded saying during a meeting in a Las Vegas hotel room attended by an unnamed Louisville assistant coach.

The fallout from the FBI's investigation into the bribery of basketball recruits to several big-name schools is coming fast and furious. "And it's too risky".

But walking away without giving Pitino more money could be hard for the university, according to one attorney who works as outside council for a Power 5 athletic conference.

This comes on top of a busy Tuesday night for IL athletics. It was not immediately clear who will represent them - or Adidas executive James Gatto - in court.

The complaint repeatedly cites a cooperating witness, someone who has been working with federal investigators since 2014.