Wedge
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Wall Street Journal article on the "financial adviser" who helped the FBI
This is an article from Monday's Wall Street Journal on Marty Blazer, the "financial adviser" who spent more than 2 years helping the feds build their BasketballGate case in the hopes of getting a reduced sentence for his own misdeeds.
Very interesting story. Long article, well worth a read:
The Man Who Exposed College Basketball
Quote:Marty Blazer couldn’t believe what he had gotten himself into. By this summer, the Pittsburgh investment adviser had spent months crisscrossing the U.S., passing cash to coaches at some of the country’s top college basketball programs. None of them seemed to know he was secretly helping federal authorities build one of the biggest alleged bribery and corruption cases in college sports history.
“This is surreal stuff,” Mr. Blazer told a person familiar with the investigation. “They just keep sticking their hand out.”
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10-01-2017 09:16 PM |
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Hokie Mark
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RE: Wall Street Journal article on the "financial adviser" who helped the FBI
tl;dnr
Was it a straight sting operation, or did the FBI have evidence before this guy?
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10-02-2017 08:53 AM |
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cuseroc
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RE: Wall Street Journal article on the "financial adviser" who helped the FBI
(10-02-2017 08:53 AM)Hokie Mark Wrote: tl;dnr
Was it a straight sting operation, or did the FBI have evidence before this guy?
I remember reading somewhere, during the first couple of days the news broke, that this Marty guy was in trouble for fraud and he mentioned to the feds that this stuff was going on and he had sources, or something like that. I got the impression that he brought this to the feds attention for them to go easier on him, after he was going up the creek for fraud.
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10-02-2017 09:19 AM |
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ken d
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RE: Wall Street Journal article on the "financial adviser" who helped the FBI
I'm not interested in subscribing to the wsj just to read this article. Did it tell us anything we didn't already get from what the FBI announced?
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10-02-2017 09:43 AM |
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Wedge
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RE: Wall Street Journal article on the "financial adviser" who helped the FBI
(10-02-2017 09:19 AM)cuseroc Wrote: (10-02-2017 08:53 AM)Hokie Mark Wrote: tl;dnr
Was it a straight sting operation, or did the FBI have evidence before this guy?
I remember reading somewhere, during the first couple of days the news broke, that this Marty guy was in trouble for fraud and he mentioned to the feds that this stuff was going on and he had sources, or something like that. I got the impression that he brought this to the feds attention for them to go easier on him, after he was going up the creek for fraud.
What appears to be different with Blazer is that he went to much greater lengths on his own to get evidence for the feds than most "cooperating witnesses" do.
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10-02-2017 10:04 AM |
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Wolfman
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RE: Wall Street Journal article on the "financial adviser" who helped the FBI
Sounds like a sweet deal. Commit fraud and the FBI will help you expand your business. The FBI arrests all your clients so no messy lawsuits. You keep the windfall!
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10-02-2017 01:03 PM |
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