A Ponzi scheme that bilked people out of close to $1 billion sent Nevin Shapiro to prison for 20 years. He wanted to cut a deal; prosecutors wanted him to spill about ALL of his shady dealings. So now he's talking to the NCAA about how he provided improper benefits to UM players since 2001. He's naming names, and the NCAA is very interested in what he's got to say.
Incidentally, this year also marks the 20th anniversary of UM's gargantuan Pell Grant scandal that caused SI to call for the school to abandon it's football program.
Happy anniversary Miami!
Edit: Yahoo! Sports broke out the rubber gloves and went full-body-cavity on this scandal. The story was frontpaged, but is added here to keep continuity.