Convicted Ponzi schemer and ex-Miami Hurricanes booster Nevin Shapiro transferred to home confinement
In this file photo dated September 29, 2012, the University of Miami's mascot Sebastian the Ibis leads the players onto the field before a game against the state of North Carolina in Miami. Miami's three-year NCAA trial, largely due to the actions of villain and former booster Nevin Shapiro, ended on October 21, 2016. (AP Photo / J Pat Carter)
The convicted Ponzi schemer and ex-Miami Hurricanes booster, Nevin Shapiro, was taken from federal prison to the detention center on Thursday, where he will continue serving the rest of his 20-year sentence, which is monitored by the Bureau of Prisons. The rendition follows the federal prison's recent guidelines to detain some vulnerable inmates in the face of COVID 19 outbreaks.
Shapiro made a statement to Yahoo Sports after his transfer on Thursday, expressing relief at moving to supervised detention.
"It was a life-changing experience," said Shapiro. "I never stopped thinking about my victims and I look forward to spending time with my parents for whom I have to take care. I look forward to driving my life forward."
Messages that the Bureau of Prisons asked for a comment were not returned.
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Shapiro earned shame almost a decade ago when he was convicted of securities fraud and money laundering, and ordered a refund of nearly $ 83 million for his share in a Ponzi program linked to his former company Capitol Investments. He later became the focus of an 11-month Yahoo Sports investigation into his time as an athletics booster at the University of Miami. Shapiro's activities resulted in a multi-year NCAA investigation and a 102-page finding that the school had a lack of institutional control in multiple sports for nearly a decade of Shapiro's commitment to athletics.
Nevin Shapiro said this photo was taken during a basketball fundraiser in 2008 where the booster donated $ 50,000 to the program. On the right is Donna Shalala, President of the University of Miami, with Shapiro's donation check. (Yahoo Sports)
In the fallout of this investigation, the NCAA's investigative practices also came under fire, leading to a comprehensive internal review and a possible restructuring of the association's enforcement arm.
After his conviction in 2010, Shapiro was due to be released from prison in June 2027. He was transferred to the detention center under the recent prison-related legislation that President Donald Trump promoted, including the CARES Act and the First Step Act. The move was also spurred on by Attorney General William Barr's recent instruction to have the Bureau of Prisons examine residential alternatives for inmates with COVID-19 risk factors. The 51-year-old Shapiro's eligibility was supported by having served more than 50 percent of his sentence while exhibiting hypertrophic cardiomyopathy and hypertension that put him at higher risk of life-threatening complications if he becomes infected with coronavirus.
Shapiro was brought to a family member's house on Thursday. It is electronically monitored by the Bureau of Prisons and is subject to a number of BOP guidelines. This includes a ban on alcohol consumption, random drug tests, a monitored walking radius near the residence, and other criteria. He must also wear an ankle monitor at all times. He is entitled to take on a job, although each job requires BOP approval and his income is garnished to repay the remaining reimbursement to his victims.
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