Shapiro set to drop new gambling allegations against the U

TAGs: gambling, ncaa, nevin shapiro, Ponzi scheme, sports, University of Miami

nevin-shapiroNevin Shapiro, already serving a 20-year sentence for his role running a $930 million Ponzi scheme, is ready to drop another bombshell on the University of Miami. What a surprise.

According to the Miami Herald, the flappy-mouthed convicted Ponzi schemer is reportedly coming out with new allegations against UM coaches who allegedly gave him inside information on Hurricane football games for gambling purposes. Shapiro told SI, which is now in the process of publishing a new expose about the NCAA and its investigation of Miami’s athletic programs, about certain coaches who shared information with him on a number of games in the mid 2000’s, including a 2007 game the Hurricanes lost against North Carolina, 33-27.

It’s worth noting that his obsession with gambling has been well-documented after he admitted to to losing as much as $9 million while gambling on sports. From a gambling point of view, if his allegations prove to be true, he must have been sold a bill of goods because nobody with supposed “inside information” could have lost as much as $9 million on sports betting.

The timing behind it is also pretty curious considering that the University is only days away from its own hearing in front of the NCAA’s infractions committee. That’s hardly a coincidence, either.

It does look like Shapiro’s motive in coming out with these new allegations is to bury the university even more in the eyes of the NCAA, a feat in itself considering the standards the athletic institution has fallen to in recent years. According to the Herald, the NCAA previously investigated these gambling claims from Shapiro but found no concrete evidence to make any allegations against the university. Leaving that part out supposedly frustrated Shapiro, who believes that there wasn’t enough conviction from the NCAA to investigate his gambling claims.

It’s not a stretch to deduce that Shapiro believes that the NCAA and the University of Miami are conspiring to keep this case from getting any messier and in doing so, have no problem in putting all of the shame squarely in his shoulders. So, at least in his own mind, he’s fighting back with what he claimed to the Miami Herald last month as a ““Category 5 tsunami” against the U.

Despite the timing of the story, it’s unclear whether the NCAA will use it as new material in the University investigation. We’re not holding out hope that it’s going to that because it would also put into light the ineptitude of how the organization has handled this investigation from the get-go. If they had deemed Shapiro’s gambling allegations as important to the case, they would have added it to their report. Doing so now with the allegations having gone public would only make them look like buffoons.

All that being said, nobody in this ordeal can proudly say that they’ve been bastions of integrity. Not Nelvin Shapiro. Not the University of Miami. And certainly, not the NCAA.

Heads will undoubtedly roll when all is said and done. The question is, how much of this information, particularly his latest gambling allegations, will have an effect on the total body count.


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