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“I did it because I could,” Shapiro said of his spending. “And because nobody stepped in to stop me.”

Shapiro’s relationship with the program dates back about a decade. Some of the alleged incidents occurred in the past four years, which would be within the NCAA’s statute of limitations regarding violations.

Miami officials said that when Shapiro first made his allegations nearly a year ago, he and his attorneys refused to provide any facts to the school.

“The university notified the NCAA enforcement officials of these allegations,” the school said in a statement Tuesday morning. “We are fully cooperating with the NCAA and are conducting a joint investigation. The University of Miami takes these matters very seriously.”

After Yahoo! Sports posted its story Tuesday afternoon, the university released another statement, saying it “takes any allegations seriously, and will continue to cooperate fully in a joint investigation with the NCAA.”

When Shapiro was sentenced, the U.S. Attorney’s Office said he “used investor funds to make payments to dozens of student athletes who were attending a local university in the Miami area to which Shapiro made significant donations … cash in amounts up to $10,000 and gifts such as jewelry and entertainment at nightclubs and restaurants in Miami Beach. As a result of a 10-year gift to the university, its Student-Athlete Lounge was named for Shapiro.”

The University of Miami was not specifically mentioned in that release, but the school temporarily named its lounge for Shapiro. His name was removed in 2008 after the school said he did not follow his pledged donation-payment plan.

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AP Sports Writers Steven Wine, Eric Olson, Cliff Brunt and RB Fallstrom contributed to this story.

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Link to Yahoo! Sports: http://sports.yahoo.com