A duffel bag of cash on a yacht. $11,000 mailed in a shoebox. Schemes hatched in a Vegas hotel suite. The latest basketball corruption trial has shed light on some pretty bad ideas.
The suite at the Cosmopolitan Hotel in Las Vegas looked like the set of a heist film: iridescent blue light cast shadows across low-slung couches, where three men in suits made deals. One by one, college basketball coaches came through. Some left with stacks of cash and agreements to steer star players to the men, who said they were starting a sports-management company.
But one of the three men was an undercover FBI agent posing as an investor. Another was a cooperating witness. The cash was provided by the federal government,...
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