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re: LSU notified as OLOL reveals $810K lost in foundation head's alleged embezzlement.

Posted on 3/14/19 at 6:25 pm to
Posted by BeepNode
Lafayette
Member since Feb 2014
10005 posts
Posted on 3/14/19 at 6:25 pm to
So what's the suspicion here?

That backers were donating to OLOL so that Funes could funnel it to players and their families in the form of gift cards, paying bills, private flights, and jobs?


Posted by topdollarbill
Shenandoah, LA
Member since Mar 2013
192 posts
Posted on 3/14/19 at 6:42 pm to
quote:

So what's the suspicion here?

That backers were donating to OLOL so that Funes could funnel it to players and their families in the form of gift cards, paying bills, private flights, and jobs?


ding ding ding. It sure looks like that's a possibility.
Posted by topdollarbill
Shenandoah, LA
Member since Mar 2013
192 posts
Posted on 3/14/19 at 6:48 pm to
quote:

So what's the suspicion here?

That backers were donating to OLOL so that Funes could funnel it to players and their families in the form of gift cards, paying bills, private flights, and jobs?


What's gunna make this a HUGE deal is the tax benefits they donors received in the process. That's fraud and federal and a bunch of other not so awesome things.

Imagine if you are JPF. If the Feds wanna play hardball, and IF this is really all connected, he's gunna sing like a bird. I wouldn't blame him if I was looking at serious time for a scheme thats likely been going on for decades before he got there.

I'm pretty sure every university has schemes to fund their athletic programs; ours may very well have been exposed at such a raw level that has never happened before.
This post was edited on 3/14/19 at 6:51 pm
Posted by UnluckyTiger
Member since Sep 2003
36340 posts
Posted on 3/14/19 at 6:51 pm to
It’s a win for this university if our BOS pres and Ad are wiped clean from this school. I’ll take 5 years of sanctions to get rid of these idiots.
Posted by fillmoregandt
OTM
Member since Nov 2009
14368 posts
Posted on 3/14/19 at 7:32 pm to
quote:

So what's the suspicion here?

That backers were donating to OLOL so that Funes could funnel it to players and their families in the form of gift cards, paying bills, private flights, and jobs?




Now that's juicy right there
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