New York state Attorney General Letitia James said dozens of families were duped by the owners of AAUCONNECT.
The business falsely billed itself as a "premier basketball training program" but never provided the training, housing and education it had promised.
James said $239,000 is to be paid to the 27 families already identified as having lost money in the scheme.
Others who believe they were ripped off may submit claims by December 9 to seek restitution.
People may make complaints about AAUCONNECT by calling the attorney general's Binghamton office at (607) 251-2764.
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Contact WNBF News reporter Bob Joseph: email@example.com or (607) 772-8400 extension 233.
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