NJ financier adviser praised at NCAA scandal sentencing
NEW YORK — A New Jersey financial adviser was praised for his cooperation and a judge spared him from prison after he admitted his role in a college basketball scandal.
Munish Sood was fined $25,000 Thursday but was not sentenced to prison or forced to be supervised by probation authorities.
U.S. District Judge Kimba M. Wood said she’ll rule on restitution at a later point.
A prosecutor praised Sood for testifying at two trials that resulted in the convictions of several men charged in the bribery case.
Prior to being sentenced, Sood apologized.
The prosecution exposed a pattern of bribes paid to college basketball players and their families by representatives of corporate shoemakers and financiers looking to represent them when they reached the NBA.
Four assistant college coaches pleaded guilty in the case.