LOUISVILLE, Ky. (WHAS11) – University of Louisville men's basketball Coach Rick Pitino has released a statement following the FBI’s probe of fraud and corruption involving several NCAA men’s basketball programs.

These allegations come as a complete shock to me. If true, I agree with the U.S. Attorneys Office that these third-party schemes, initiated by a few bad actors, operated to commit a fraud on the impacted universities and their basketball programs, including the University of Louisville. Our fans and supporters deserve better and I am committed to taking whatever steps are needed to ensure those responsible are held accountable.

READ MORE: UofL a part of FBI investigation; four college basketball assistants arrested across U.S.