On September 27, 2017 federal prosecutors in New York arrested 10 individuals, including four assistant basketball coaches at Division I schools and a top Adidas executive, on charges that include conspiracies to commit money laundering, wire fraud and bribery. Experts say this should make schools across the country more aware of a much broader problem given the increasing commercialization of college athletics.
RK&O partner Lee S. Richards III explained to The Washington Post that he believes prosecutors will try to negotiate plea deals in exchange for evidence against higher-ranking officials, suggesting "They're going to seek to get cooperation from the group arrested and think about whether they can move up the chain." Mr. Richards also told Law360 that he sees this as a growing issue in college athletics, "With the increasing commercialism of college athletics, the opportunity for this sort of private corruption is extreme."
"NCAA Basketball Bribery Case Calls Amateurism Into Question" - Law 360 (Subscription Required)
"College Basketball Bribery Charges Send Warning To Schools" - Law 360 (Subscription Required)