Dec. 20, 2024
Exclusive: Nevin Shapiro Breaks Silence On His $930M Ponzi Scheme
Nevin Shapiro, a University of Miami booster, convicted of running a $930 million Ponzi scheme through Capitol Investments and provided impermissible benefits to 72 Miami athletes from 2002 to 2010. Players received cash, cars, jewelry, yacht trips, and illicit favors, fueling a lavish culture during the football program's peak years. Shapiro’s actions, resulting in a 20-year prison sentence, exposed ethical issues in college sports and the problematic role of boosters in athlete recruitment.
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