Two year old article which I have not seen before. Did a search of this site and found nothing.
Apologies if it has been posted already. But wow, is this surprising!The FBI and Al McGuireMarch 11, 2014
http://www.sportsonearth.com/article/69064672/fbi-gambling-investigation-al-mcguire-marquette-college-basketballThis is the story of the McGuire brothers -- Al, Dick and John -- and the FBI investigation surrounding them (view the FBI file here; also embedded at the end of the article).
It all began with a tip about point shaving.
On March 29, 1971, the FBI field office in Kansas City received disturbing information from a source within the NCAA, which was relayed in a memo to FBI headquarters the following day. The memo read, in part: "
This source advised that Al McGuire may be involved in gambling activities and may have controlled the point spreads of Marquette's basketball games during the past basketball season." Point shaving was a grave threat to the integrity of college basketball, serious enough that the NCAA chose to refer the matter to the FBI, rather than just investigate internally. McGuire allegedly had been picked up in a gambling raid as well, though local Milwaukee authorities "squashed" the story and released McGuire without filing any charges.
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It turned out that Al McGuire's quick accumulation of wealth sprang not from his Marquette tenure at all, but rather from his time coaching at Belmont Abbey College. According to the FBI's information, Al became acquainted with some wealthy locals who provided him with tips on stock deals, and he "cleared a personal fortune out of the sale of these stocks and securities" prior to joining Marquette. The FBI never substantiated any of the allegations surrounding McGuire's "squashed" arrest, either.
The NCAA never revealed to the FBI its original source for these allegations, despite several requests to do so.
But the information was strong enough, and the potential crime serious enough, for the FBI to take a deeper look. Marquette's name was never added to the list of Boston College, Arizona State and the many other college basketball teams stained with a point-shaving scandal.Al McGuire's Marquette Warriors would win the cational championship in 1976-77. He'd then quit coaching, later joining brother Dick in the Basketball Hall of Fame.