Nevin Shapiro, the former Miami booster whose corrupt involvement with the school led to a major NCAA investigation and significant sanctions against the Hurricanes, was charged with masterminding a $930 million pyramid scheme by Joe Joe. His sentence was commuted by President Biden.
Shapiro was among 1,499 recipients of pay cuts announced by the White House on Friday.
Shapiro was originally sentenced in 2011 to 20 years in prison and to repay about $83 million to shaken investors, according to federal records, and was officially released on Dec. 22. It will be placed on the list.
Shapiro has been on home confinement since 2020, according to court records.
The Justice Department added that a commutation only “reduces the length of incarceration” and “does not mean absolution of the underlying crime, but only reduces a portion of the sentence.”
The Shapiro saga is one of the most troubling chapters in college sports history.
The Miami investigation took more than 30 months. It goes all the way back to when Shapiro first approached the NCAA and basically bragged about his involvement with Miami coaches and players, trying to crack down on people who he claims betrayed him when he got into legal trouble.
There was also misconduct by the NCAA during the investigation into Miami. NCAA enforcement, which does not have subpoena power, used some of the information gathered by Mr. Shapiro's lawyers through depositions arranged under the guise of being part of his bankruptcy case.
Some of the claims were dismissed because the information was deemed fraudulently obtained by the NCAA. The lawyers involved were also sanctioned by Florida courts.
One of the investigators involved in the NCAA investigation into Miami athletics even wrote a letter to a federal judge on Shapiro's behalf days before he was sentenced.
Shapiro told Yahoo Sports in 2011 that he spent “millions of dollars” on additional benefits for Miami's athletes. In a notice of accusation received by Miami in 2013, the NCAA alleges Shapiro was responsible for providing approximately $170,000 in unjust benefits to Hurricanes players, recruits, coaches and others from 2002 to 2010. did.
Miami self-inflicted a number of penalties, including two bowl games and the loss of a bid to the Atlantic Coast Conference championship game, as well as the loss of football and men's basketball scholarships for the misconduct. . The school was placed on probation for three years by the NCAA until 2016.
