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Enfuego
Tulane Fan
Houston
Member since Mar 2009
9284 posts

re: LSU notified as OLOL reveals $810K lost in foundation head's alleged embezzlement.
Am I crazy or does LSUs response indicate this is a nothingburger? One matter that isn’t a compliance or NCAA issue (nothing). And the other hiring a student athletes parent (slap on wrist). Not the doomsday I was expecting based on the rant this morning.


lovinLSU
Houston Astros Fan
lafayette
Member since Nov 2007
8369 posts

re: LSU notified as OLOL reveals $810K lost in foundation head's alleged embezzlement.
(no message)
This post was edited on 3/14 at 11:09 pm


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RogerTheShrubber
LSU Fan
Juneau, AK
Member since Jan 2009
165778 posts
 Online 

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

Not the doomsday I was expecting based on the rant this morning.


By itself t doesn't sound too bad but coupled with the basketball thing I'm sure the worry is the NCAA seeing a pattern


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LSUJML
LSU Fan
BR
Member since May 2008
9446 posts

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

So who are the gift cards for?
Why didnt LSU disclose this earlier?
Why did the feds get involved?
Why isn't there any showing of where this money was spent by the embezzler?
Why hasn't the embezzler been arrested?


Whoever Funes gave them to - this much detail was not released by OLOL

quote:

We've identified approximately $810,000 lost due to fraudulent activity committed by Mr. Funes, former president of the Foundation,” said the report that was released Thursday afternoon by the Catholic Church’s Franciscan Missionaries of Our Lady Health System, which owns the Our Lady of the Lake Regional Medical Center in Baton Rouge.

They were probably asked to withhold this info until OLOL had everything on their end completed

Feds involved because the dude stole 810k from a charity

OLOL is not releasing that info, I feel like they have an idea of where it went since they were only able to tie 2 transactions to LSU

From what I remember when all of this originally came out (missing funds) they had to audit / investigate & then charges could be filed
I feel sure he will not get away with this



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LSUJML
LSU Fan
BR
Member since May 2008
9446 posts

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

Am I crazy or does LSUs response indicate this is a nothingburger? One matter that isn’t a compliance or NCAA issue (nothing). And the other hiring a student athletes parent (slap on wrist). Not the doomsday I was expecting based on the rant this morning.


Correct
But LSU was advised by OLOL in 2018 when they started looking for the money &
I am thinking they flipped their shite when the wire tap clips were released & to show the NCAA they were “on top of things”

quote:

He reportedly gave Foundation money to the parent of an LSU athlete, ostensibly as wages for a job, according to two sources familiar with the investigation who asked not to be identified because both said they were not authorized to speak publicly. Whether LSU officials were aware of Funes' action prior to being alerted by hospital officials is unclear.


I wonder if the amount of money makes a difference


Cadello
LSU Fan
Eunice
Member since Dec 2007
38305 posts

re: LSU notified as OLOL reveals $810K lost in foundation head's alleged embezzlement.
Didn’t they say from 2012-2015?

No problem, vacate those wins


LSUJML
LSU Fan
BR
Member since May 2008
9446 posts

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


Pretty pointless for it to have been blown up like it was
Especially by Dellenger

I was just curious if the actual amount made a difference
Is a salary of 20k for 3 years any different that a salary of 150k for 3 years in the eyes of the NCAA?


Cadello
LSU Fan
Eunice
Member since Dec 2007
38305 posts

re: LSU notified as OLOL reveals $810K lost in foundation head's alleged embezzlement.
As I read it I thought not a really big deal, then this thread blew up with gloom and doom.


Gris Gris
LSU Fan
OTIS!NO RULES FOR SAUCES ON STEAK!!
Member since Feb 2008
39509 posts

re: LSU notified as OLOL reveals $810K lost in foundation head's alleged embezzlement.
I can’t even read this thread. ??


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la_birdman
LSU Fan
Lake Charles
Member since Feb 2005
21298 posts

re: LSU notified as OLOL reveals $810K lost in foundation head's alleged embezzlement.
So am I understanding this right..... a person associated with OLOL stole over 800K?



I understand OLOL is the go to medical center for LSU but with that being said, this is linked to the one person who embezzled money, not someone at LSU.

OLOL was looking for the lost money in all areas but now that it's been confirmed that it's associated with this one guy, that's sort of all there is to it.


Is this correct? I'm really asking.
This post was edited on 3/15 at 12:51 am


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TJG210
LSU Fan
New Orleans
Member since Aug 2006
25766 posts

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

OLOL was looking for the lost money in all areas but now that it's been confirmed that it's associated with this one guy, that's sort of all there is to it.


What’s happened to the money has yet to be explained. My guess is it’s up to the one arrested if he stays quiet or sings like a canary.


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LSUJML
LSU Fan
BR
Member since May 2008
9446 posts

re: LSU notified as OLOL reveals $810K lost in foundation head's alleged embezzlement.
This guy was the CEO of OLOL Foundation which is the fundraising arm of the hospital

Took 810k
Investigation found money going to gift cards, chartered flights...

2 instances money was connected to LSU:
1) not an NCAA violation although they didn’t go into specifics
2) a salary was paid to a parent of a student athlete, the student athlete attended LSU 2012-2015

Has nothing to do with current basketball situation


Ford Frenzy
New Orleans Saints Fan
337 posts
Member since Aug 2010
6538 posts

re: LSU notified as OLOL reveals $810K lost in foundation head's alleged embezzlement.
We need CPA’s on our BOS not injury Attorney’s


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41
MrLSU
LSU Fan
Baton Rouge
Member since Jan 2004
9885 posts

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


MrLSU
LSU Fan
Baton Rouge
Member since Jan 2004
9885 posts

re: LSU notified as OLOL reveals $810K lost in foundation head's alleged embezzlement.
100% True SEC Sports Page
"Michael LeBlanc The one thing that happened was 2012-2015! A mom got a job at the hospital and could be related to a student athlete! Not even a big deal
Manage
Like · Reply · 4h"

"100% True SEC Sports Page
100% True SEC Sports Page Michael LeBlanc that was the part of the audit report that wasn’t redacted. And you’re right it’s not a big deal. Funnes and his brother are super huge LSU boosters. This isn’t something that happened overnight. This has been long suspected. As soon as the news dropped that Funnes was fired this past November because of embezzling money, the same stories that were suspected came back up to the surface. And you now have Tasha, the biggest LSU social media mouth piece, coming over here to discredit my post. She knows this story has legs. She’s also connected with many key people at LSU and TAF.. this tells me the smoke from the story has a fire source. And this is not some new story. This has been widely talked about in many circles including the LSU sports media. My personal angle is I’m sick of the political toxicity that has ruined our state and our flagship institution. People are afraid to even talk about this story. Such a typical Louisiana reaction. Why politicians and the powerful steal public funds, make shady deals and kill our industry and future here. Not me . The threats one being a death threat I received tells me this story has legs. I’m sick and embarrassed as a LSU alum and lifelong fan that crap continues with no objection and total lack of transparency and accountability."


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51
MrLSU
LSU Fan
Baton Rouge
Member since Jan 2004
9885 posts

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

2 instances money was connected to LSU:
1) not an NCAA violation although they didn’t go into specifics
2) a salary was paid to a parent of a student athlete, the student athlete attended LSU 2012-2015


Those are the only two instances that were UNREDACTED in the Report. It is the REDACTED money-flow information that should have you in the fetal position right now.


josh336
Chicago Cubs Fan
baton rouge
Member since Jan 2007
52256 posts
 Online 

re: LSU notified as OLOL reveals $810K lost in foundation head's alleged embezzlement.
When would we have the redacted info made public


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danfraz
LSU Fan
San Antonio TX
Member since Apr 2008
23679 posts

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


Those are the only two instances that were UNREDACTED in the Report. It is the REDACTED money-flow information that should have you in the fetal position right now


This is correct. How far do the Feds want to take this stuff. Info is and is not released to the public in thousands of instances a year.

This is just beginning fwiw. On the LSU end. This isn't the finish line for those championing the "nothingburger" line that I see a gang of Ree's using.


Icansee4miles
LSU Fan
Trolling the Tickfaw
Member since Jan 2007
21304 posts

re: LSU notified as OLOL reveals $810K lost in foundation head's alleged embezzlement.
So we have a single instance of a player’s parent being provided a job? But it’s ok to pay for an entire family to move from Hawaii to Tuscaloser?


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OGtigerfan87
LSU Fan
North La
Member since Feb 2019
165 posts

re: LSU notified as OLOL reveals $810K lost in foundation head's alleged embezzlement.
But those were the 2 instances connected to LSU correct? From how it sounded the rest of the redacted information has no connection to LSU


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