Scope of the Fraud
Prosecutors described the operation as a “sprawling network” that began in the Chinese professional basketball league before expanding to the NCAA. The scheme involved nearly 30 NCAA basketball games and affected at least 17 universities, including DePaul University, State University of New York at Buffalo, and Tulane University.
The fraudulent wagers totaled more than $3 million. Smith and at least 26 other named defendants allegedly paid hundreds of thousands of dollars in bribes to players, with individual payments typically ranging from $10,000 to $30,000 per game. Authorities noted that Smith targeted players considered “underdogs,” offering them money that exceeded potential income from legitimate sponsorships.
Assistant U.S. Attorney Louis D. Lappen emphasized the severity of the case in court. “This was an extremely serious, far-reaching, massive bribery [and] sports fixing case,” Lappen said. “I don’t know that we’ve ever seen anything bigger than this anywhere.”