A good overview of how and why the investigation got started and how it proceeded.
The step-by-step process of how the words "corruption" and "fraud" came to college basketball
espn.com
Mark Schlabach
ESPN Senior Writer
Wed. 4/27/2017 4:29pm
On Tuesday, the FBI announced that 10 people, including four college basketball assistant coaches, were arrested as part of a three-year investigation into bribes and other corruption in the sport.
Assistant coaches from Arizona, Auburn, Louisville, Miami, Oklahoma State and USC were implicated in the investigation, and on Wednesday, Louisville announced that athletic director Tom Jurich and longtime basketball coach Rick Pitino were placed on administrative leave.
Joon H. Kim, acting U.S. Attorney for the Southern District of New York, told reporters that the investigation was ongoing. There might be additional arrests and more schools involved.
Court records and sealed complaints released by the U.S. Attorney's office reveal an elaborate, clandestine FBI investigation that involves wiretaps, surveillance video, undercover agents and cooperating witnesses. Here is a look at some of the findings:
First the coaches ...
On May 6, 2016, Louis Martin "Marty" Blazer III, a Pittsburgh-based financial adviser, was charged by the Securities and Exchange Commission with wire fraud and accused of siphoning $2.35 million from the accounts of several professional athletes in order to invest in movie projects and make Ponzi-like payments. According to the SEC's complaint, when its examiners uncovered the unauthorized withdrawals and asked Blazer to explain them, he lied and produced falsified documents in an attempt to hide his misconduct...