Sood Admits Guilt in NCAA Corruption Case


Reports have confirmed that Munish Sood, a New Jersey-based financial adviser who was among the 10 men arrested by the FBI in September 2017, due to the federal government's investigations into bribery and corruption allegations in college basketball has pleaded guilty to three felony counts, according to records from the federal court.

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Sood who is the CEO and chief investment officer of Princeton Advisory Group located in Princeton, New Jersey, was accused of paying bribes worth thousands of dollars to three assistant coaches namely; Arizona's Emmanuel 'Book' Richardson, Oklahoma State's Lamoth Evans, and USC's Tony Bland.

The bribery was done so that they could choose him as a financial adviser once they turned pro.

The plea was filed earlier this week in the U.S. District Court for the Southern District for the Southern District of New York.

 He pleaded guilty to felony conspiracy to commit bribery, travel act offenses, wire fraud conspiracy, honest services fraud, and payment of bribes to an agent of a federally funded organization.

Sook admitted that he worked with other entities in "paying bribes to the NCAA men's college basketball coaches, in exchange for which these coaches agreed to and did exercise their influence as coaches for their respective universities to persuade and pressure student-athletes to retain the services of Sood, among others". This was disclosed by the plea agreement.

It can be recalled that Sook was not indicted with the eight other defendants in November.

This made many attorneys involved in the cases to believe that he was negotiating a plea agreement with the U.S. Attorney's Office in exchange for his cooperation in the cases.

It is believed that the plea agreement demands that Sood will testify against the other defendants in at least two of the government's three criminal cases which are related to corruption in college basketball.