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Photos: Famous sports scandals

Pete Rose revealed in 2007 that he bet on the Cincinnati Reds "every night" while he was manager of the team. Rose accepted a lifetime ban for gambling in 1989, but denied for nearly 15 years that he bet on baseball. He finally acknowledged in his latest autobiography, published in January 2004, that he made baseball wagers while he managed the Cincinnati Reds.

Pete Rose revealed in 2007 that he bet on the Cincinnati Reds “every night” while he was manager of the team. Rose accepted a lifetime ban for gambling in 1989, but denied for nearly 15 years that he bet on baseball. He finally acknowledged in his latest autobiography, published in January 2004, that he made baseball wagers while he managed the Cincinnati Reds.  (Photo by Andy Lyons/Getty Images ; Caption by ESPN)

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While sports stars make millions of dollars each year, they are prime targets of financial scams. CNBC took a look at some of the most famous scandals where sports stars are involved. Read on to see which scams made CNBC’s cut, along with other scams.

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