Wisconsin AD Alvarez and family reportedly lost $1 million in Ponzi scheme
August 17, 2011 7:34 AM
University of Wisconsin athletic director Barry Alvarez and members of his family filed claims for at least $1 million from convicted Ponzi schemer Nevin Shapiro, the Associated Press reports.
Alvarez is not the focus of the AP article, which instead zeroes in on an NCAA investigation examining Shapiro's connections with the University of Miami Hurricanes' football program.
It's alleged that Shapiro gave more than a dozen former or current Hurricanes players gifts and services, and NCAA investigators visited the Miami campus Monday, the AP reports. This report does not suggest any wrongdoing within the UW athletic department.
madison.com
Alvarez is not the focus of the AP article, which instead zeroes in on an NCAA investigation examining Shapiro's connections with the University of Miami Hurricanes' football program.
It's alleged that Shapiro gave more than a dozen former or current Hurricanes players gifts and services, and NCAA investigators visited the Miami campus Monday, the AP reports. This report does not suggest any wrongdoing within the UW athletic department.
madison.com
Filed under: College Football, Wisconsin Badgers
