If it is gifts he accepted at that value, then he could in fact be charged. And it makes no difference how wealthy you are, what religion you are, or the color of your skin. If you try andcheat the Feds out of their Tax $, those bastards will fry you in a heartbeat.
You know, it really is tough on those kids. Heck, they're just teenagers, and they have people wanting to buy them stuff, give them $, etc.. They really need good people around them to keep them on the straight and narrow. If I was that young and talented, and did not have much $, and someone was wanting to give me all that stuff, I cant say that I wouldn't touch it. I likly would jump on it.
I hope he gets this worked out. Cooperate with the Feds, tell them you did not know it was improper to get gifts from people you knew as your "friends", and move on. And for Pete's sake, tell them the TRUTH! Hey, they threw Martha Stewart in jail for several months for a little insider trading and lying to the Feds. OJ, they already dont like your first name (not your fault), and they will not hesitate on throwing you in jail for a year, too. Cooperate and move on. The NBA and #9 picking Charlotte Bobcats await!