Adidas Exec, 4 NCAA Coaches Hit With Corruption Charges

Law360, New York (November 8, 2017, 6:30 PM EST) -- Eight people, including an Adidas executive and four NCAA basketball coaches at top-ranked universities, were indicted in New York federal court Tuesday for their alleged connections to schemes to pay young athletes to play for schools Adidas sponsored and hire certain agents when they went professional.

In three separate indictments, prosecutors alleged a scheme where players were paid to attend Adidas-sponsored schools and persuaded to hire particular agents and financial advisers when they became pros. The coaches were allegedly paid to talk up the managers and...
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