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Read this thread. This is just one example of what’s been going on forever. This is why these people will always skate with their schemes. And by these people I mean SEC teams like Alabama and LSU that have been doing this stuff forever. So I don’t know how you think they could ever get busted...

I don’t want to know.

I believe you about the case (not) being quashed. That’s just fantasy conspiracy nonsense. We’re on the same page there. As a layman, I’m just getting lost in the weeds as far as what the actual underlying crime is. In other words, as I was discussing with the other poster who’s a tax attorney...

What is the specified unlawful activity?

Such as? What actual crimes do you think are being committed? I have no predisposed notion, but this is going on like crazy, and has been for decades.

The only guys with legal IRS experience here are saying there are likely no cases, or at best low priority cases. There could be a really good chance that there is nothing that can be done from the legal end of it. At the end of the day, it’s up to the NCAA to enforce their own rules and...

Gift us really the wrong term in this scenario. I’m not a tax attorney, obviously. Nor am I pretending to be. I misused the term gift, because in reality they really aren’t gifts in the legal/tax sense, these are actually payments for services rendered, are they not? Quid pro quo. I give...

So you’re saying it’s legal to hide a gift by grossly overpaying for a house...is that you’re legal opinion? I just want to make sure we’re on the same page.

Go ask your attorney what he thinks. Make sure it’s one familiar with tax laws, money laundering, and criminal conspiracy. Anyway what you’re suggesting is so obvious, and generates records, that nobody would actually do it that way.

Not really.

It’s illegal because what benefit would accrue if it was bought at fair market value, therefore you are talking about a criminal conspiracy to hide a gift in the purchase of a home by significantly overpaying. I see at least two felonies: conspiracy and non-reporting of gifts/income to the IRS.

This is illegal.

OP means well but his post is drowning in naïveté. First of all, the type of investigation he’s talking about, and the resources required, would exceed a couple of million dollars in a month or two. It’s laughable he thinks such a small amount will go so far. The type of investigation he’s...

LOL....a scooter