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Nevin Shapiro: Miami story will be ‘urban legend’ by the time it’s done

Sebastian the Ibis AP

As we noted a little while ago, CNBC’s “American Greed” profiled in length former Miami booster Nevin Shapiro and his nearly $1 billion Ponzi scheme.

The show also touched on, although much less extensively, Shapiro’s accusations that he provided Miami student-athletes with impermissible benefits that violated NCAA rules.

Shapiro was not featured directly in the hour-long special, but in emails to “American Greed”, he answered questions about his Ponzi scheme and his relationship with the University of Miami.

Even behind bars and a computer, it’s clear Shapiro still has a cockiness about him that reflects his current situation.

“You’ll need eight documentaries to film this story” Shapiro wrote in an email to CNBC.

“He was a small guy who didn’t come from money. So he tried to prove himself,” said attorney Linda Jackson, who represents one of Shapiro’s investors.

Shapiro’s story is a fascinating one. Based on his ability to swindle millions of dollars from others for his own profit, Shapiro is no dummy, but compulsive seems like a better way to describe him than, say, intelligent.

Gambling, one of Shapiro’s many preoccupations, cost him $9 million, according to lawyer. He spent investor money and lots of it constantly. When Shapiro didn’t get his way, he lashed out, allegedly punching an intramural referee while at the University of South Florida, which he attended briefly. There’s another incident where Shapiro allegedly punched a nightclub owner.

This was man who, in addition to being unstable, was obviously insecure in the way that he had to be surrounded by others, often times buying them lavish gifts.

That’s where the University of Miami story comes in. Even if a portion of his allegations about Miami are true — and eight players have already been suspended for their connection to him — this reeks of a lonely guy who had to buy his friendships — and with college kids, no less. When those “friends” didn’t return the favor upon Shapiro’s sentencing, he lashed out again.

The Miami story will become “an urban legend” before it’s all said and done, Shapiro said in his email to CNBC.

It’s already pretty close now, if not already.

But whether the Miami scandal gets worse or not, we won’t know until the NCAA concludes its investigation. It probably won’t matter to Shapiro how the investigation ends either way; the isolation of a jail cell hasn’t contained Shapiro’s personality.

That’s all Shapiro really wants — to matter, albeit however briefly.

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10 Responses to “Nevin Shapiro: Miami story will be ‘urban legend’ by the time it’s done”
  1. mhalt99 says: Feb 8, 2012 11:29 PM

    imagine if New York City actually had a team it cared about or if the Ivies actually played for something…………what kind of insane jerk o– would they produce

  2. brahmabull71 says: Feb 9, 2012 3:19 AM

    Nut job!

  3. tuckfexas says: Feb 9, 2012 3:51 AM

    Sounds like a wannabe big wig in Miami with himself eyebrow deep in blow.

  4. 305fan says: Feb 9, 2012 8:35 AM

    What a loser. Inferiority complex, can you say “tuna can dick”. Enjoy getting piped bitch.

  5. theshopblog says: Feb 9, 2012 10:33 AM

    Reblogged this on The Shop Blog.

  6. fatfreddystubbs says: Feb 9, 2012 11:32 AM

    I don’t get how this will become an “urban legend”? I thought an urban legend involved stuff like goin to Vegas and waking up in a tub full of ice with a kidney missing?

  7. tmphd74 says: Feb 9, 2012 1:14 PM

    Aren’t Urban Legends fiction? Is Shapiro hinting some of its made up?

  8. dkhhuey says: Feb 9, 2012 10:23 PM

    I am a bit baffled about the media coverage, or total lack thereof, regarding this scandal!

    During the USC and OSU scandals you could barely blink an eye before another story was posted / published. There was not one pebble that wasn’t turned over 4 times, there was not one former player left alone, and there was not one corner of closet that wasn’t lit up and inspected for dirt. Didn’t matter whether the story was remotely vetted, out to the media it went.

    Yet, at Miami, where the allegations were MUCH more severe, literally, nothing for months! Just curious why there is not the same level of blitzkrieg frenzied reporting coming out of the U.

  9. chachooga says: Feb 9, 2012 11:26 PM


    Because Yahoo did an irresponsible story where their major source (most of the time the only source) on the allegations was this nut job jock sniffer on steriods. He is a convicted felon in a million dollar ponzi scheme…..he is a liar is what that means. That is why nobody follows this joke.

    So the “MUCH more severe” stuff from Yahoo was BS put out by a guy who wants attention since he is sitting in jail and no one is helping him.

    UM will get in some trouble for a booster giving benefits to some athletes. 8 athletes already served suspension, UM self imposed a bowl ban.

    This UM thing without the Yahoo hit piece hype is much more like the Boise State violations than OSU, USC and UNC where there was involvement by the institution as a whole. UM’s was a lone booster breaking rules for his own personal gain.

    Only because of irresponsible Yahoo journalism was the “death penalty” blabber shooting around the morons at ESPN.

  10. dkhhuey says: Feb 10, 2012 1:28 AM

    @chooga – thanks for the response! Interesting – the story just blew up then just blew away so it just had me wondering what happened and why it had died so quickly. The last article I can recall was on the Bankruptcy Trustee issuing subpoenas to all 70 plus players to confirm or refute the amount of benefits they got from this guy.

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