Former financial adviser Munish Sood, who pleaded guilty to conspiring with three men to facilitate money from Adidas to the families of high-profile recruits and also bribing college basketball coaches, told a jury on Wednesday that he worked with another sports agent to provide money to people associated with NBA players Kyle Kuzma and Markelle Fultz while they were still in college.
Financial planner Munish Sood testified about involvement with many players, most notable by NCAA rules standards a $30,000 loan to an associate of Markelle Fultz and an undisclosed payment amount to associate of Kyle Kuzma while at Utah.
— Dan Wetzel (@DanWetzel) October 3, 2018
In August, Sood pleaded guilty to felony conspiracy to commit bribery, honest services fraud and travel act offenses, payments of bribes to an agent of a federally funded organization and wire fraud conspiracy. He faces up to 35 years in prison.
As part of his plea agreement, he agreed to testify in this month’s federal criminal trial involving Adidas executive Jim Gatto, former Adidas consultant Merl Code and Christian Dawkins, a former runner for one-time NBA agent Andy Miller.
The trio is accused of a pay-for-play scheme to send top recruits to Adidas-sponsored schools Kansas, Louisville, Miami and NC State. Each of the men has pleaded not guilty.
Names given this a.m. by financier Munish Sood:
– Malik Beasley
– Isaiah Whitehead
– Edmond Sumner
– Davon Reed
All four received loans post-draft.
– Kyle Kuzma allegedly had money paid to his handler while in college
– Markelle Fultz allegedly had $30K paid to his trainer
— Jeff Borzello (@jeffborzello) October 3, 2018
Sood was one of 10 men arrested in September 2017 as part of a vast pay-for-play ring that included college coaches, agents, financiers and sneaker company executives.
Fultz and Kuzma has not commented on the allegations against him.