Updated throughout the day with quick takes from staff.
by Holly Anderson • Aug 30, 2010 7:39 PM EDT
Nevin Shapiro, a prominent Miami booster arrested in April and charged with operating a $900 million Ponzi scheme, has come up with a rather unique get-rich-quick plan to repay his bilked investors: He's writing an exposé on the very football program he's been pouring money into for years! How one of the myriad out-of-work Bowden brothers didn't think of this first, the world may never know:
Shapiro is writing a book about the UM football program in which he alleges former Canes players committed NCAA violations, said his attorney, Maria Elena Perez. Perez said Shapiro told the federal government about the violations, which are alleged to be major, but it did not investigate because ``that's not their area.''
[...]
Shapiro, 41, is angry because ``once the players became pros, they turned their back on me.
[...]
Shapiro will use book profits to pay back investors in the alleged Ponzi scheme but cannot keep any for himself, Perez said.
He says that. He also says he has the "utmost respect" for Donna Shalala, so he's clearly not a man blessed with the sense God gave an abalone. Luther Campbell, you'll be shocked to learn, has some thoughts on the subject, as does SB Nation's 7th Floor crew (language warning for both links, because this is Miami).
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