A fraud investigation into college basketball by the FBI could be a harbinger of bad news for many of top basketball schools in the country. According to a shocking report by Yahoo! Sports, the FBI has hundreds of documents, including "expense reports and balance sheets that list cash advances, as well as entertainment and travel expenses for high school and college prospects and their families."
The probe could throw the NCAA into chaos because the investigations reveal possible violations of multiple recruiting rules for over 20 Division I schools and at least 25 current and former players. The NCAA recently forced Louisville to vacate their 2013 NCAA Championship due to recruiting violations.
NCAA president Mark Emmert issued a statement saying the allegations "point to systematic failures that must be fixed." He promised the NCAA would "continue to cooperate with the efforts of federal prosecutors to identify and punish the unscrupulous parties."
“These allegations, if true, point to systematic failures that must be fixed and fixed now if we want college sports in America. Simply put, people who engage in this kind of behavior have no place in college sports. They are an affront to all those who play by the rules,” the statement read. “Following the Southern District of New York’s indictments last year, the NCAA Board of Governors and I formed the independent Commission on College Basketball, chaired by Condoleezza Rice, to provide recommendations on how to clean up the sport. With these latest allegations, it’s clear this work is more important now than ever. The Board and I are completely committed to making transformational changes to the game and ensuring all involved in college basketball do so with integrity. We also will continue to cooperate with the efforts of federal prosecutors to identify and punish the unscrupulous parties seeking to exploit the system through criminal acts.”
According to a previous report by ESPN, nearly three dozen schools could face an investigation by the NCAA when the FBI makes the documents relating to its investigation public.
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