Richardson, a Former University of Arizona Men’s Basketball
Coach, Pleaded Guilty to Accepting Cash Bribes in Return for Steering College
Players on His Team to Corrupt Financial Advisers
Geoffrey S. Berman, the United States Attorney for the
Southern District of New York, announced today that EMANUEL RICHARDSON, a/k/a
“Book,” a former men’s basketball coach at the University of Arizona
(“Arizona”), pled guilty in Manhattan federal court today to taking
approximately $20,000 in cash bribes from athlete advisers in exchange for
using his position to influence Arizona basketball players on his team to
retain the services of the advisers paying the bribes. RICHARDSON pled guilty before U.S. District
Judge Edgardo Ramos.
Manhattan U.S. Attorney Geoffrey S. Berman said: “As he admitted in court today, Emanuel
Richardson, a former Arizona men’s basketball coach, abused his position as a
mentor and coach to student-athletes for his own personal gain. Richardson, entrusted to help players develop
as athletes and young men, instead helped himself to the cash offered by unscrupulous
agents and financial advisers.”
According to the
Complaint, the Indictment, statements made in court and publicly available
documents:
RICHARDSON, a former men’s basketball coach at Arizona,
agreed to accept cash bribes in return for agreeing to exert his influence over
student-athletes on Arizona’s Division I men’s basketball team to retain the
services of the bribe-payers once the student-athletes entered the National
Basketball Association (“NBA”).
Beginning in or around February 2017, and continuing into
September 2017, when RICHARDSON was arrested, RICHARDSON received approximately
$20,000 in cash bribes from current and aspiring financial advisers and/or
managers for professional athletes in exchange for RICHARDSON’s agreement to exert
his influence over certain student-athletes RICHARDSON coached at Arizona to
retain the services of the bribe payers once those players entered the
NBA. For example, in discussing his
commitment to steering Arizona players to retain the bribe payers upon entering
the NBA, RICHARDSON told an undercover FBI agent and others, during a recorded
meeting, “I used to let kids talk to three or four guys, but I was like, why
would you do that? You know that’s like
taking a kid to a BMW dealer, a Benz dealer, and a Porsche dealer. They like them all . . . You have to pick for
them.” In return for the cash bribes
RICHARDSON received, RICHARDSON facilitated a meeting between the bribe payers
and a relative of a player attending Arizona for the purpose of pressuring that
player to retain the financial services of the bribe payers.
In addition to today’s plea, Anthony Bland, a/k/a “Tony,” a
former men’s basketball coach at the University of Southern California,
previously pled guilty, pursuant to a plea agreement with the Government, in
connection with this scheme. Munish
Sood, a financial adviser, also previously pled guilty, pursuant to a
cooperation agreement with the Government, in connection with this scheme
*
* *
RICHARDSON, 46 years old, of Tucson, Arizona, pled guilty to
one count of conspiracy to commit bribery.
As a condition of his plea, RICHARDSON agreed to forfeit $20,000. The charge carries a maximum term of five
years in prison. The maximum potential
sentence in this case is prescribed by Congress and is provided here for
informational purposes only, as any sentencing of the defendant will be
determined by a judge. Sentencing is
scheduled for April 24, 2019, before Judge Ramos.
Mr. Berman praised the work of the Federal Bureau of
Investigation and the Special Agents of the United States Attorney’s Office for
the Southern District of New York.
The case is being handled by the Office’s Public Corruption
Unit. Assistant United States Attorneys
Robert Boone, Noah Solowiejczyk, and Eli J. Mark are in charge of the
prosecution.
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