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Nevin Karey Shapiro (born April 13, 1969) is a convicted felon who received a 20-year prison sentence for orchestrating a $930 million Ponzi scheme. According to interviews, he allegedly engaged in rampant violations of NCAA rules over eight years as a booster for University of Miami athletes. [1][2] Shapiro allegedly provided football players ...
Nevin Shapiro Much of the 2011 University of Miami athletics scandal involved acts by Nevin Shapiro, a University of Miami booster and fan. Some time between 1999 and 2003, under cover of a grocery business called Capitol Investments USA, Shapiro operated a $930 million Ponzi scheme, which eventually collapsed in November 2009. [4]
Major supporters of the program have had legal problems before. The school’s former top booster, Nevin Shapiro, was sentenced in 2011 to 20 years in prison for fraud.
But around the same time, Sheppard’s close relationship with Shapiro, a Miami Beach boyhood friend, brought controversy, financial losses and legal trouble, according to court records.
But at roughly the same time, Sheppard’s close relationship with Shapiro, a Miami Beach boyhood friend. brought controversy, financial losses and legal trouble, according to court records.
According to news reports, from 2002 through the end of Dee's tenure, booster Nevin Shapiro provided the University of Miami football and basketball players with numerous benefits that violated NCAA rules including hundreds of thousands of dollars, gifts, prostitutes, access to yachts and housing, and expensive social events.
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On August 16, Yahoo! Sports broke a story in which former Miami Hurricanes booster Nevin Shapiro, currently imprisoned for running a Ponzi scheme, stated that from 2002 through 2010 he had given massive amounts of improper benefits to Miami players and coaches, mostly in football but also in men's basketball.