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Officials: 4 coaches facing federal charges for college basketball fraud and corruption

(Photo, MGN Online) 

Four college basketball coaches and representatives of a "major international sportswear company" are facing federal charges in a college basketball fraud and corruption incident, according to authorities.

The U.S. Attorney's Office says that 10 people, including the coaches, some managers, financial advisers and the sportswear representatives are all facing federal criminal charges.

According to the Associated Press, the coaches are from Oklahoma State, Auburn University, Arizona and the University of Southern California.

Auburn associate head coach Chuck Person and Oklahoma State assistant coach as well as James Gatto of Adidas are all named by the U.S. Attorney’s Office in releases.

According to Darren Rovel of ESPN, Person allegedly accepted a $50,000 deal to direct a player to a specific agent.

Officials also say Gatto was among those who paid high school players to attend Adidas schools, according to Rovell.

Adidas has released a statement saying they did not know about Gatto's actions.

Joon H. Kim, Acting United States Attorney for the Southern District of New York and William F. Sweeney, Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation will be holding a press conference on the incident at 12:00 p.m.

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