Adidas Says They Were Unaware of Misconduct from Its Company
Adidas says it’s unaware of any misconduct at its company in a college basketball bribe-paying scheme but will “fully cooperate with authorities.”
The company issued a statement Tuesday after federal prosecutors announced that its director of global sports marketing is charged along with four college assistant coaches.
Acting U.S. Attorney Joon H. Kim says the investigation was “covert until today.”
The head of New York’s FBI office, William F. Sweeney Jr., says the probe is still active and investigators are conducting interviews “as we speak.”
Federal investigators say a group of business advisers to athletes used thousands of dollars in Adidas money to make payments to top high school basketball players to get them to attend certain schools.