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COMING UP:Share Opener Variant 4

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Transcript

00:00:00
>> U.S. prosecutors charging ten people, including top college basketball assisting coaches and an executive at Adidas in a corruption scheme Tuesday, related to college sports recruiting. In unsealed indictments, the Department of Justice alleges new basketball recruits got bribes in order to secure their commitment to play for certain schools.
00:00:20
>> The picture painted by the charges brought today is not a pretty one. Managers and financial advisors circling blue-chip prospects like coyotes. And employees of one of the world's largest sportswear companies secretly funneling cash to the families of high school recruits.>> Among those cited, assisting coaches from Auburn University, the University of Southern California, Oklahoma State, and the University of Arizona.
00:00:49
A top marketing executive of Adidas allegedly paid recruits to sign deals with school aligned with the sneaker brand to pave the way for additional Adidas deals once those players turn pro. Corruption charges also include wire fraud and conspiracy.