Top Recruiter in Nevin Shapiro's Ponzi Scheme Sentenced

Syndney WIlliamms gets a year and a day sentence of prison

View Comments (
)
|
Email
|
Print

    NEWSLETTERS

    TK
    NBCMiami.com
    Heat star Dwyane Wade is congratulated by Nevin Shapiro during the 2006 NBA Finals.

    The fallout of former University of Miami booster Nevin Shapiro's $930 million Ponzi scheme continues as Florida man who federal prosecutors say was the top recruiter for Shapiro has been sentenced in New Jersey to a year and a day in prison for not reporting more than $6 million in commissions he received.

    Sydney Williams pleaded guilty in September.

    The Naples resident admitted recruiting more than 60 people to invest in a company run by Shapiro of Miami Beach. Shapiro's serving a 20-year sentence for securities fraud and money laundering.

    Canes Fans Optimistic After Suspensions

    [MI] Canes Fans Optimistic After Suspensions
    UM students react to the suspension of eight football players who admitted to taking improper benefits from convicted felon Nevin Shapiro.

    Shapiro allegedly siphoned at least $35 million for his personal use, and made claims of payments to UM athletes that triggered an NCAA investigation.

    Federal prosecutors aren't alleging Williams knew Shapiro was running a Ponzi scheme.

    UM Booster Scandal

    [MI] UM Booster Scandal
    Former University of Miami booster and convicted Ponzi schemer Nevin Shapiro is claiming he spent millions of dollars on improper gifts to players and recruits.

    Williams faced a maximum three-year sentence, but was credited for cooperating with the government.