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re: ELI5: why is the FBI going after the NCAA?
Posted on 9/28/17 at 3:35 pm to 13SaintTiger
Posted on 9/28/17 at 3:35 pm to 13SaintTiger
quote:
Is the end goal to put people in jail,
yes
likely going for execs in the shoe companies especially for PR
1
Posted on 9/28/17 at 3:36 pm to Bunk Moreland
quote:
It's so stupid and as I'm sure has been pointed out in the thread, seems like some political deal like Congress with steroids. Go bust some terrorists and stay out of this crap.
SDNY is a big political position
Posted on 9/28/17 at 3:49 pm to the_watcher
I heard that Adidas had the payouts in their books as non-profit donations.
ETA: I don't know if that is true though.
ETA: I don't know if that is true though.
This post was edited on 9/28/17 at 3:53 pm
Posted on 9/28/17 at 3:54 pm to LakeViewLSU
quote:
I heard that Adidas had the payouts in their books as non-profit donations.
That's my understanding. Fake invoices.
Posted on 9/28/17 at 3:57 pm to JOHNN
You are missing the point.
Scholarships are "on the record".
To keep money changing hands away from the NCAA, you also have to keep it away from the government.
Government does not get it's taxes. Government gives grants to people who would not qualify if they reported their Nike income. Hence, fraud.
Scholarships are "on the record".
To keep money changing hands away from the NCAA, you also have to keep it away from the government.
Government does not get it's taxes. Government gives grants to people who would not qualify if they reported their Nike income. Hence, fraud.
Posted on 9/28/17 at 4:00 pm to SlowFlowPro
quote:
especially for PR
The FBI has taken some black eyes over the last couple years with the Clinton email saga. They have to remind people they are still a thing. Nothing like a high profile bust.
Posted on 9/28/17 at 4:09 pm to Keltic Tiger
quote:
Those players who took money are also facing tax evasion charges down the road. And FWIW: Finebaum said his sources are telling him that the NCAA was hearing a lot of this information during one of its own investigations of a school but knew it would never have the funding to prove any of it, so it passed on what info it had to the ongoing FBI investigation. But there was a snitch who rolled over, big time, to get the ball rolling.
it looks like in most if not all cases it's the parents and handlers that are getting the money not the kids. that's for sure going to be teh case with reggie perry
cam newton's father avoided jail time for one simple reasoon; churches are non profits and don't pay taxes. a stroke of geinus all things being considered
This post was edited on 9/28/17 at 4:11 pm
Posted on 9/28/17 at 5:09 pm to 13SaintTiger
quote:
I'm just not understanding the hoopla over "oooohh shite pitino was paying recruits" as if other big schools aren't doing the same.
I'm wondering if the FBI is maybe working on the 'mobbed-up' angle. There's a lot of money in gambling, and it can be used to fuel a lot of other illicit things.
If you're involved in paying a kid $100,000, how easy is it to put a word in his ear once in a while suggesting he shouldn't work quite so hard in this particular game? Ditto for the coaches - they've got their drift nets in a big money stream -- what might they be willing to do to keep it up?
I haven't heard anything, don't have any contacts, and am not impugning any of the people whose names have been mentioned so far; I just think that's a plausible explanation for the Feds to do a long investigation.
Posted on 9/28/17 at 5:50 pm to tokenBoiler
The best was Hawaii football a few years ago when their QB suddenly forgot how to throw in the second half
Posted on 9/28/17 at 6:32 pm to 13SaintTiger
Op title wrong.
They are not interested in ncaa.
Coaches. Companies.
They are not interested in ncaa.
Coaches. Companies.
Posted on 9/28/17 at 6:35 pm to 13SaintTiger
quote:
I understand what they are doing but what probed them to do it? And is it even neccessary?
It's complicated, but outlined pretty well in a detailed article Schlabach wrote yesterday for ESPN. Yeah, ESPN sucks, but Schlabach lays it out well.
You can find the article.
Posted on 9/28/17 at 8:15 pm to vengeanceofrain
quote:
cam newton's father avoided jail time for one simple reasoon; churches are non profits and don't pay taxes. a stroke of geinus all things being considered
Posted on 9/28/17 at 11:40 pm to SlowFlowPro
quote:
i think it's a catch 22 scenario for the time being
you claim that as income and you're effectively putting yourself in the hot box for the charges they claim now
you don't claim that as income and you're running the risk that even if they don't win on these charges, you go to jail for that
We were always taught in fraud and tax classes that if you are doing illegal shite just put it on your taxes. You can be creative with what you call the income its not like you put "Illegal shite".
It removes a significant piece of leverage from the feds if you have 100% paid up on your income
Posted on 9/29/17 at 12:53 am to Giant Leaf
do u know how fricking easy it is to launder money lol
give me a fricking pre paid debit card and i can launder anything
i run a website development company and becuase it's a service based company i can pull jobs out of my arse, pay myself with laundred money from Joe customer, and show progress of "work" by throwing together some wordpress tempatle in like 20 mins of work
how the frick do people get caught up with this shite i don't know.
give me a fricking pre paid debit card and i can launder anything
i run a website development company and becuase it's a service based company i can pull jobs out of my arse, pay myself with laundred money from Joe customer, and show progress of "work" by throwing together some wordpress tempatle in like 20 mins of work
how the frick do people get caught up with this shite i don't know.
Posted on 9/29/17 at 8:01 am to vengeanceofrain
quote:
give me a fricking pre paid debit card and i can launder anything
those are totally linked to your person these days. they require a SS# and everything
Posted on 9/29/17 at 10:38 am to SlowFlowPro
who says i have to use my SS?
u know how easy it is to get someone's SS and DOB? shite u can buy pre paid visas on the deep web for 5 bucks
u know how easy it is to get someone's SS and DOB? shite u can buy pre paid visas on the deep web for 5 bucks
Posted on 9/30/17 at 10:15 pm to vengeanceofrain
quote:
ELI5: why is the FBI going after the NCAA? by vengeanceofrain because i've personally been indcited with 56 coubts of wire fraud and 1 count if conspiracy to commit wire fraud and a year later they didn't e ven bother to take it too trial tehy knew their casea was bullshite and dropped all charges.. i stil have the 58 page indictment in my work room... anytime I think of seriousy doing anything bad i look at it and change my mind i know exactly how the feds work and that guy above me is dead on. they use their repuitation and the scare of gaguantion senstences to get you to corprate....when i can go to jail for 20 years and they are ooffering me 18 months club fed, at that point it doesnt' matter if you even did it or not and feds jail time is not like state they don't parole in feds. You're going to do at the very least 85% of the time so when tehy say 20 years they mean legit 18-19 years. at that point u roll over just to get it over with, rather you did it or not but when you get past they are so worried about their conviciton rate, if it's questionable at all they will reduce charges and or drop charges they legit did tax evaisioon. they are going to have to deal with that.
Thanks for sharing
Posted on 9/30/17 at 11:50 pm to MidnightVibe
Las Vegas odds makers right now that was of interest to this thread.
Posted on 10/1/17 at 8:40 am to MrLSU
No Stansbury or Billy Kennedy?
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