At the heart of the Fabulous Five--the storied University of Kentucky basketball team that won two consecutive NCAA championships in the late '40s--was speedy three-time All-American Ralph Beard. The point guard, who helped the U.S. win gold at the 1948 Olympics, was playing in the pros three years later when officials accused him and others of having taken bribes to influence Kentucky games. That betting scandal--the biggest in college-basketball history--got him ejected from the NBA for life. Beard, who admitted taking $700 from gamblers but insisted he never shaved points, said, "It will be with me until they hit me in...

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