President Joe Biden commuted the two-decade-long jail sentence of College of Miami booster and Ponzi scheme mastermind Nevin Shapiro … who beforehand admitted to illegally plying gamers with costly presents.

The commutation of the 55-year-old convicted felon was considered one of 1,499 handed down by Biden on Thursday … a one-day document for a POTUS.

Shapiro pled responsible to eight felony counts — and was sentenced to twenty years in Federal jail — for his position in a $900+ million Ponzi scheme, which he ran from his Capital Investments workplace in Miami.

After getting into jail in 2013, Shapiro was let loose in April 2020 in the course of the COVID-19 pandemic, and was positioned on home arrest — the place he remained till Biden’s determination.

Nevin didn’t face legal expenses for the UM scandal … however the NCAA did hand down sanctions.

President Biden did not particularly tackle the choice to incorporate Shapiro on the listing … however the White Home did tackle the information as a complete.

“Because the President has mentioned, the US is a nation of second possibilities,” the assertion learn. “The President acknowledges how the clemency energy can advance equal justice beneath regulation and treatment harms attributable to practices of the previous.”

“The almost 1,500 people who acquired commutations immediately have been serving their sentences at dwelling for at the least one yr beneath the COVID-era CARES Act. These Individuals have been reunited with their households and proven their dedication to rehabilitation by securing employment and advancing their schooling … These people are dad and mom, veterans, well being care professionals, academics, advocates, and engaged members of their communities. Lots of them have used their experiences within the legal justice system to encourage and encourage others.”

In fact, a commutation shouldn’t be like a pardon — Shapiro won’t be forgiven for the crime … however his sentence is now enormously lowered.