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Message
re: Presser tomorrow, more coaches caught in Next wave
Posted on 9/27/17 at 10:10 pm to supatigah
Posted on 9/27/17 at 10:10 pm to supatigah
quote:
Bribes
Money laundering
Tax evasion
Criminal conspiracy
Tax evasion seems like the big one. I don't see how this is money laundering unless the source of funds is in question. In the Auburn case, if the financial planner got that $60k illegally, then it's 100% money laundering. If the source of funds is legitimate, then I don't see how it could be called money laundering.
3
Posted on 9/27/17 at 10:15 pm to VADawg
Michigan recruiting analyst is posting A LOT of stuff right now on rivals
Also hinting that a recruit was paid 20K to go to an sec school over UM
quote:
No, because I don't have the power of the FBI behind me (or wiretaps, etc.). I know what I've been told by impeccable sources.
– Like "Book" was so sloppy it was only a matter of time (Arizona), with details. We got skewered by some here for suggesting Sean Miller's program could be corrupt.
- A friend of mine literally saw the car issued to one in-state kid, and the school issued credit card he used to put gas in it.
– A $50K payout decades ago to a kid that changed the fortunes of one midwest program ("he was going to get that money wherever he went" ... maybe so, but he went to that school).
– The same school doing a "terrible job hiding the bodies" in landing a couple of five-star recruits over the last decade or so.
– An AAU program threatening to ruin a kid's chances for AA honors, etc., if he didn't got to the school they "chose" for him ... eventually leading him to change his pledge.
– An NBA player getting involved in steering kids to his alma mater by trying to get involved with the AAU circuit ... and "convincing" others to go there.
That's just the start.
Also hinting that a recruit was paid 20K to go to an sec school over UM
quote:
A Michigan recruit who went to a "lesser" southern school got $20K, in addition to whatever the handlers got ... and people were pissed that JB (John Beilein) couldn't land him.
Posted on 9/27/17 at 10:48 pm to VADawg
What I was reading earlier is the money was "laundered" from adidas/agents into various accounts/funds etc to hide its origins and then given out as cash payouts or no pay "loans/line of credit"
Adidas Cuts a check to a financial planner for personal services, the money is deposited into an account of the financial planner, the planner gives mom a debit card to the account or a safe deposit box key with cash in it. It is surprisingly hard to get cash from a big corporation legally without a direct paper trail
Adidas guy and financial planner converting the money to cash for player/mom's bribery is criminal conspiracy
The tax evasion comes in if the Asst coach or runner benefitted personally and didn't report it or the person closest to the player doling out the money didn't report it as personal or business income. The person receiving the cash obviously had to report it as income as well
What is next is all the single moms rolling over to dodge income tax evasion charges
Adidas Cuts a check to a financial planner for personal services, the money is deposited into an account of the financial planner, the planner gives mom a debit card to the account or a safe deposit box key with cash in it. It is surprisingly hard to get cash from a big corporation legally without a direct paper trail
Adidas guy and financial planner converting the money to cash for player/mom's bribery is criminal conspiracy
The tax evasion comes in if the Asst coach or runner benefitted personally and didn't report it or the person closest to the player doling out the money didn't report it as personal or business income. The person receiving the cash obviously had to report it as income as well
What is next is all the single moms rolling over to dodge income tax evasion charges
Posted on 9/28/17 at 5:49 am to VADawg
quote:
If the source of funds is legitimate, then I don't see how it could be called money laundering.
That depends on what exactly Persons did with the 60K once he got it. If he ran it through some kind of shell company or legitimate company to wash it, then you have laundering.
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