Nevin Shapiro the former co founder of Capitol Investments USA Inc . who was indicted on grand larceny and creating a Ponzi Scheme said to have defrauded clients out of $ 800 million . Shapiro is also embroiled in the latest controversy surrounding the University of Miami and the fact that he’s said to have lavished gifts upon current and former players of the Canes’ football team. The NCAA as well as the school are now conducting separate investigations concerning the matter . Palm Beach Post / Ray Matthews ……….