Federal prosecutors and attorneys for Norby Walters...

Federal prosecutors and attorneys for Norby Walters and Lloyd Bloom agreed on profits the New York-based sports agents will forfeit to the government in the wake of the agents’ convictions on racketeering charges.

The amount of the settlement was not disclosed, but U.S. Attorney Anton Valukas, who led the prosecution team, had said the government would seek a minimum of $250,000 from Walters and $125,000 from Bloom. Under federal racketeering law, the government can recover any profits of an illegal scheme.