|Nevin Shapiro at UM sports event|
The many illegal financial benefits that he bestowed upon the university's football and basketball players, which ultimately came to the attention of the body that regulates intercollegiate athletics, and the university faces sanctions; it has already lost face, due to the unflattering media coverage.
From Federal Prison, the Ponzi schemer is looking for any opportunity to reduce his sentence, and he frankly does not care who he maligns or damages, to get there. Any nonprofit organisation that accepts donations should always check out its donors carefully. Should the donor have any major problems, he may be inclined to supply information damaging to the nonprofit, if he has any, to obtain an advantage in his criminal proceeding. In this case, he had some to deliver; if you are banking a nonprofit, you may want to obtain assurances that its compliance department checks out its donors before accepting gifts.