Nevin Shapiro’s Bribes
The Nevin Shapiro scandal almost broke the University of Miami because it was so bad. It was one of the darkest moments in the school’s long history. The NCAA considered handing their football program the death penalty because of this shocking Ponzi scheme. Shapiro was an influential booster who influenced players with money, prostitutes, and other incentives.
He created a massive business from illegal gambling and a wholesale grocery business. Shapiro stole millions of dollars as he funded his lavish lifestyle and gained public influence. But a federal investigation uncovered his crazy $930 million Ponzi Scheme. In the end, he received a 20-year jail sentence before moving to house arrest (via Miami New Times).