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College basketball corruption trial: Jury returns guilty verdicts for Jim Gatto, Christian Dawkins, Merl Code

NEW YORK (AP) -- Three insiders from the world of college basketball recruiting have been convicted in a corruption case that prosecutors said exposed the sport's underbelly.

A jury reached the verdict Wednesday in Manhattan federal court.

The government had accused former Adidas executive Jim Gatto, aspiring sports agent Christopher "Christian" Dawkins and Merl Code, a former Adidas consultant, in a scheme to funnel tens of thousands of dollars in secret payments to the families so the prospects would commit to Adidas-sponsored schools.

Prosecutors said the defendants committed fraud by concealing the payments that violated NCAA rules.