Yesterday the FBI shook the college sports world by arresting and unsealing indictments against four college basketball coaches, the global head of marketing for Adidas, and several other individuals. The FBI alleges that those involved perpetrated an ongoing scheme including bribery, solicitation of bribery, honest services fraud, wire fraud, money laundering, and conspiracy to commit the aforementioned crimes.
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In plain English, the FBI alleges that the individuals involved paid bribes and kickbacks to amateur athletes, their families, and college coaches to induce those athletes to choose certain schools (Adidas schools) and then to hire certain agents and advisers and sign an Adidas sponsorship contract when they graduated.