Joe Gagliano Lays Out the Details of the Arizona State Point Shaving Scandal that Rocked the NCAA

Joseph Gagliano is an entrepreneur, former investment advisor, and author of the book, “No Grey Areas”. At age of 24, he organized and financed the multi-million-dollar Arizona State basketball point shaving scandal in 1993–94, which led to several prison sentences. Those incarcerated included the ASU rising star Stevin "Hedake" Smith, Isaac Burton, Benny Silman, Joe Gagliano and several other Chicago bookmakers. It remains one of the largest known scandals in sports history until this day. Former ASU coach Bill Frieder, who resigned Sept. 10th after eight seasons -- in part because of the growing scandal -- said he never suspected players were shaving points. This story is absolutely polarizing and should be a cautionary tale even to this day to the aspect of how small bets on Sega video game can compound to being involved in one of the biggest sports scandals in history.

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