The arms race in college basketball has come to a head after shocking revelations of shady/criminal practices by team officials. It has always been a sour spot since college basketball, or the NCCA doesn’t allow for players to be paid salaries per game. This means they have to be wooed by other positives such as the campus, location, weather, or basketball potential. While this is common at the NCCA level, the idea of federal fraud has seeped into the picture because of coaches and team officials wanting to gain an edge.
This is why the recent revelation by the FBA involving four assistant coaches has come as a surprise.
The four assistant coaches include Chuck Person (Auburn), Emanuel Richardson (Arizona), Tony Bland (USC), and Lamont Evans (Oklahoma State). Past these names, there are a set of managers and other individuals who have been mentioned by the FBI in this investigation.
What is the main cause of concern?
The FBI Has cited illegal transactions being made between teams and players at the schools. The goal is to bribe them with cash or other related assets and bring them into the fold. Of course, this seems okay until it’s clear these assets are not being listed.
These bribes were being processed by agents and pushed towards the student-athletes.
These officials have also been charged with corruption due to their positions in college football.
They were pushing funds towards the students and not declaring them. This meant they were pursuing illegal means to offer these funds and write them off. This is corruption and something that is being weeded out by the FBI at a federal level.
The corruption has been listed among various levels of team officials and player agents.
Why Go After The NCAA?
Now, the major question being asked is, why would the FBI care about broken NCAA rules?
It has to do with a conspiracy to defraud the US. This means the actors were willingly participating in fraud while working for a US-funded institution. They are also looking at laying down charges involving tax evasion and other related financial concerns.
All of this started based on information received from a financial advisor who was working for one of the agents.
While the advisor was working on a hidden Ponzi scheme, the NCCA concerns were also unraveled and brought to the forefront.