Has anyone seen an explanation of how Shapiro went through $930 million, so much so that he asked players to pay his legal expenses and UM to give his 50K back?
At most, I can account for maybe 10 million (that assumes 2 to 3 million in "benefits" to UM and its players); and the home and yacht presumably held some of their value. -Zeb On Aug 22, 2011, at 7:16 AM, JunoGator wrote: > Shapiro, who is serving a 20-year sentence for cheating investors in a $930 > million Ponzi scheme, said he was a UM sugar daddy, providing cash, jewelry, > cars, prostitutes, strippers, booze, meals and game bounties to Hurricane > athletes. > Initial clues: Shapiro, 42, was young, rich, flashy and glib. He threw > parties at his $6 million waterfront home, on his $1.5 million yacht and at > South Beach clubs. He was panting to rub shoulders with brawny star athletes. > Another hint: Shapiro is 5-5. No offense to short people — listen to Randy > Newman’s song — but Shapiro was a wannabe athlete. Those who can’t play, > cheer. Or compensate by hanging out with Shaquille O’Neal, who once picked up > Shapiro and hoisted him over his head like a dumbbell. > The clincher: We’re in Miami, remember? Situated at the bottom of the > peninsula, this is the drain where scammers circle. Where blood-suckers such > as Shapiro thrive like mosquitoes. > There were lots of red flags, but Shapiro told Yahoo! Sports he was a loyal > UM booster — who got his name engraved on a student lounge plaque — for nine > years. He cited illegal benefits to 72 current and former Hurricanes. As an > elite contributor who pledged $150,000, he got football sideline passes! > Seats on the team’s charter! Basketball practice access! Scoreboard > recognition! Chalk talk with coaches! > -- GATORS: ONE VOICE ON SATURDAY - NO VOICE ON SUNDAY! 1996 National Football Champions | 2006 National Basketball Champions 2006 National Football Champions | 2007 National Basketball Champions 2008 National Football Champions | Three Heisman Trophy winners: Steve Spurrier (1966), Danny Wuerffel (1996), Tim Tebow (2007) - Visit our website at www.gatornet.us
