Now that the U.S. Attorney's Office for the Southern District of New York has formally announced its charges against four NCAA assistant basketball coaches, here's what we think we know going forward regarding the federal probe into corruption and fraud in college basketball.
What are the charges?
As announced by U.S. Attorney Joon H. Kim at a press conference on Tuesday, federal authorities have brought forth two distinct sets of allegations.
Under the first group of charges, the U.S. Attorney is alleging that assistant coaches at Arizona, Auburn, Oklahoma State and USC "took cash bribes" in order to steer elite basketball players toward certain financial advisors and sports agents.