Top basketball coaches, Adidas exec arrested

ASSOCIATED PRESS
NEW YORK
Published 27.09.2017 20:14

Four top U.S. college basketball coaches and a senior Adidas executive were arrested and charged with corruption and fraud Tuesday in a sprawling scandal over player recruitment and gear sponsorship bribes. Federal prosecutors in New York bared what they called the "dark underbelly of college basketball," with six-figure payoffs to teenage players made through a charity and other vehicles, and bribes and commissions paid in restaurants with envelopes stuffed with $100-bills. Felony charges were unveiled against a total of 10 people in the case that reveals the seedy underside of the multibillion-dollar business of ostensibly amateur high school and college basketball in the U.S. All those charged have been arrested, officials say.

The three overlapping indictments showed coaches, agents and financial advisors plotting greedily to lock in chunks of talented young athletes' future career incomes.

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