Auburn, Oklahoma State, USC coaches among 10 charged with corruption

Federal prosecutors on Tuesday announced charges against 10 people accused of participating in a pair of college basketball bribery schemes, including four coaches in top-tier college basketball programs and employees of global sportswear apparel giant Adidas.

“The picture painted by the charges brought today is not a pretty one,” acting U.S. Attorney Joon Kim said at a news conference Tuesday afternoon.

Authorities allege that four coaches took bribes to steer their student athletes toward financial advisers, business managers and athletic advisers, including Jim Gatto, listed online as the director of global marketing for Adidas; and Munish Sood, identified by The Washington Post as chief executive of financial advisory company Princeton Capital.