Statement from Arizona Board of Regents chair Bill Ridenour on the Justice Department's basketball investigation:
"The conduct alleged against Emanuel Richardson is absolutely unacceptable. To be clear, the Arizona Board of Regents expects our employees and students to act with the utmost legal and ethical behavior.
"Basketball is a beloved sport at the University of Arizona and throughout Arizona. Such illegal — and unethical — behavior is harmful to those we are most committed to serve and educate: the students. It also violates the spirit and purpose of collegiate sport and its essential construct: the student-athlete.
"President Robbins and the UA are fully cooperating with the FBI as the investigation continues, and the University's athletics compliance unit has initiated its own internal investigation based on NCAA rules. Richardson was immediately suspended from his position when the University learned of the charges. Further review of his employment contract is underway. President Robbins has full authorization to engage any external resources and undertake any other reviews necessary to assure the integrity and dignity of the UA men's basketball program.
"We will maintain our responsibility as stewards of the public trust, especially our students, alumni and fans, in the days and weeks to come."