I think you are not remembering correctly. The jewelry loan was Lance Thomas. Maggette was tied to Myron Piggie. Every player who played for Piggie and received money was punished in some way EXCEPT for Maggette. Maggette at first refused to cooperate and then lied about it and finally admitted to taking money. The NCAA buried the case until Dan Wetzel wrote an article about it. THE VERY NEXT DAY, the NCAA came out with the strangest statement I have ever seen from them. Here is a quote from the LA Times:
“The standard for that is whether either the institution knew or should have known that Maggette was ineligible, or if Maggette himself knew that -- or should have known that he was ineligible,” said David Price, the NCAA’s vice president for enforcement.
“After a lengthy investigation, we came to the conclusion that there was insufficient evidence to determine that Maggette knew or should have known, and we firmly believe that the institution did not know and should not have known. Consequently, we have notified the institution that there will be no action by the NCAA.”