April 22, 1989
Apart from the Jeff Koterba cartoon (April 13) depicting the (Norby) Walters-(Lloyd) Bloom trial as opening the Pandora's box of college sports deceits, the media seems to have missed the point. The trial was exploiting the deeper hypocrisy of college sports. If Walters and Bloom are guilty of fraud in advancing loans, then what about the fraud of the universities? It was really big business college sports that was on trial. RICHARD GUTTMAN Malibu
April 21, 1989 |
For the past month, seemingly unrelated stories have dominated the hard news of sports: the legendary Pete Rose facing possible suspension for gambling; the Canadian inquiry into steroid use by track and field athletes, coupled with the sidebar announcement that the NFL would punish players for using steroids; the Chicago trial of sports agents Norby Walters and Lloyd Bloom. In each case the principals might claim that their behavior, by and large, was encouraged by sports and society.
April 14, 1989 |
A federal court jury Thursday convicted sports agents Norby Walters and Lloyd Bloom of defrauding two universities by using cash to lure college athletes into signing improper contracts, and of threatening to harm clients at other schools if they tried to renege. The jury deliberated 40 hours over six days before convicting Walters, 58, and Bloom, 29, both based in New York, on charges of racketeering, conspiracy, racketeering conspiracy and mail fraud. They each face up to 55 years in prison and fines of up to $1.25 million.
April 11, 1989 |
No matter what verdict is reached in the trial of Norby Walters and Lloyd Bloom, it will help clean up the sports agents business, insiders said Monday as jurors deliberated a third day. "I think the business is really starting to change now, and the indictments are a major reason for this," said Steve Zucker, an agent whose clients include Chicago Bears quarterback Jim McMahon. Bob Woolf, a Boston-based sports attorney whose clients include Larry Bird, Joe Montana and Doug Flutie, said he expects the verdict to have "a very positive impact" no matter what it is. A finding of guilty "would certainly be a sobering message to a lot of people out there . . . to a lot of the unscrupulous agents," he said.