Adidas Basketball Corruption Scandal

The transcript discusses a basketball corruption probe involving Adidas executive Jim Gatto and others. They are accused of bribing families of high-profile high school athletes to commit to Adidas-sponsored schools and eventually sign with Adidas when turning pro. The Department of Justice alleges financial misconduct, including wire fraud and money laundering. Adidas has responded, stating they are unaware of any misconduct and will cooperate with authorities. The case highlights broader issues of corruption in college basketball recruitment.

Who is the high-ranking Adidas executive charged in the basketball corruption probe?

• Jim Gatto

• Trevor Altars

• Ken Jenny

• Tim Bekker

What role does Jim Gatto hold at Adidas?

• Head Coach

• CEO of Adidas

• Head of Global Sports Marketing for Adidas Basketball

• Financial Advisor

How much money was allegedly funneled to the families of high school players?

• $500,000

• $200,000

• $100,000

• $50,000

What were the high school basketball players expected to do in return for the payments?

• Commit to schools sponsored by Adidas

• Attend Adidas' training camps

• Play for Adidas' professional team

• Promote Adidas products on social media

How did Jim Gatto allegedly disguise the payments in Adidas' books?

• By paying in cash

• Using fake invoices and false entries

• By transferring money to offshore accounts

• Through charitable donations

What charges is Jim Gatto facing?

• Wire fraud and money laundering conspiracy

• Tax evasion

• Embezzlement

• Bribery

What was Adidas' initial response to the allegations?

• They were unaware of any misconduct and would cooperate with authorities

• They denied all allegations

• They fired Jim Gatto immediately

• They issued an apology to the public

How long has Jim Gatto been with Adidas according to his LinkedIn page?

• 10 years

• 15 years

• 20 years

• 25 years

What did the financial advisors allegedly do to the coaches?

• Bribed them to lie to players and recruits

• Offered them high-paying jobs

• Provided them with free Adidas gear

• Paid for their travel expenses

What did a coach allegedly say about making money off of one kid?

• Every kid has potential

• You can make millions off of just one kid

• One kid can change the game

• Investing in kids is profitable