The NCAA hammer dropped on the University of Miami Tuesday, dishing out punishment for the athletics scandal that involved a convicted Ponzi schemer, who allegedly obtained information from the Hurricanes coaching staff to place bets.
Nevin Shapiro, the center of the booster investigation into the University of Miami’s athletics department, allegedly acquired information from Miami’s football coaches for sports betting purposes, according to a report from Sports Illustrated back in June.
According to the Miami Herald, “Shapiro told SI that he used inside information obtained from UM coaches to gamble on Hurricanes football games, according to the sources. Shapiro alleged that coaches shared with him information - such as whether a particular injured player would be available to play - in at least two games, including in 2005 and a 2007 game against North Carolina, which UM lost, 33-27.”
Miami won 34-16 as a 21-point home favorite over UNC in 2005 and failed to cover as a 7-point road favorite in a 33-27 loss at Chapel Hill in 2007.
The NCAA reportedly looked into Shapiro’s claims when they first began the investigation in 2011 but didn’t find enough evidence to add them to Miami’s Notice of Allegations. He had close connections to coaches on both the men's football and basketball teams.
Shapiro has said to have lost $9 million betting on sports. Adam Meyer, a Florida handicapper, had agreed to return $900,000 in payments from Shapiro to a bankruptcy court trustee in order to repay investment victims of Nevin’s $930-million Ponzi scheme.
On Tuesday, the NCAA took three annual scholarships away from the football program in each of the next three seasons, suspended former Miami basketball coach and current Missouri coach Frank Haith five games, and will take one scholarship away from the basketball program in each of the next three seasons, along with a long list of other limitations and punishments.
Shapiro, who is serving a 20-year sentence, allegedly provided benefits to UM athletes over an eight-year period (2002-2010) including money, goods, prostitutes and even paid for an abortion, along with holding sex parties on his yacht. Yahoo!Sports first published Shapiro’s claims, which have him connected to various high-profile former Miami athletes.