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Southcane said:
You're missing the ENTIRE point. Nobody here is talking about the NCAA or what the NCAA would or would not do. IRS and FEDs don't know NCAA and don't care about NCAA rules. Unreported illegal large money changing hands is the FED's business.
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You’re missing my point. Idc about a few guys losing eligibility and a couple bad actors getting fined. I want the programs held accountable or it’s all for crumbs. There will always be more bagmen and more foundations unless the whole system is brought down
 
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HurricaneAce07 said:
I would be shocked if there is any real evidence of top college coaches/staffs explicitly suggesting boosters bribe a recruit or his family. As I've mentioned in previous threads, the "bags" have gotten much more sophisticated over the years - we're rarely talking about hard monetary exchanges these days; bags are now leased cars, non-profit jobs and sibling scholarship offers.

The Feds + IRS are going to have to prove either money laundering and/or tax evasion took place in order to go after the boosters. I just don't see how they can do that with the way the laws are currently written and the way the boosters are handling these transactions. The Alabama car situation is the most tangible example of these - unethical? Yes. Illegal per NCAA or federal laws? Not really.
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I agree that bags have gotten more sophisticated in many cases, including cryptos now. However, look at the the basketball investigation, the Feds can wiretap, videotape, subpoena, etc. If there is something going on, and they really are investigating, they will find it.
 
UMFarArcher said:
SEC bagmen investigation.

Bank accounts, acquisitions.

X amount of money in - source? Does it match money spent?

No one, and I mean NO ONE - pays taxes on bag money. BOOM!
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Sam Jankovich, our AD, raised this question after we lost a coveted recruit whom we knew wanted to come. His father, a former NFL player with big-time money problems, sent him elsewhere.

Sam was publicly livid. He raised the issue of why the IRS did not look into substantial underreporting of income. I worked at the IRS at the time but had nothing to do with compliance or collections. I knew there was a disconnect here with all this income passing tax-free.

Today I heard a report of the California parent who got a kid into Georgetown I think for soccer or something else. It was a sport the kid not play. The father will see some jail time. I'm thinking, it's only a matter of time before the tax people start looking at the payments to recruits.

I know it will not sit well, because a lot of the unreported income will go to families of very modest means, unlike the fraud practiced by the rich parents to buy admissions to the colleges.

Still, in the case of tax underreporting, it affects the government more directly. If the feds got wind of the bribes for admissions, they surely are aware of new houses, new cars, and tens of thousands of dollars to recruits. I'd be surprised if they don't go after the bags, and any other compensation.
 
SpikeUM said:
I agree that bags have gotten more sophisticated in many cases, including cryptos now. However, look at the the basketball investigation, the Feds can wiretap, videotape, subpoena, etc. If there is something going on, and they really are investigating, they will find it.
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Don't underestimate the prowess of either IRS or FBI financial investigators. They can figure out if you had sudden and significant new income from a mysterious source.
westcoastcanes said:
Interested to see what happens when some poor family member tries to identify a bagman as a source of payment. I have a feeling this is going to hurt the wrong people more than the right people. Not that it is cool to take a large cash payment unreported, as that is still breaking the law, but I have concerns about the effectiveness of this as it relates to what we hope for.
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The IRS can be downright cold when you got income and flagrantly ignored your obligation to report it. Might sound harsh, but if you took the money, no matter how poor, you have to report it. I feel bad for the families who have so little to begin with, but the IRS can be very ruthless.
 
orange&green84 said:
There's a possibility that you may not hear anything in the news. But people need to stop trying to tie the NCAA and the federal government together, thinking they operate under the same umbrella.

The government first and foremost wants its money. Exchanging large sums of cash while the government doesn't get its share is a big no-no.

If this investigation does happen, the IRS isn't going to turn a blind eye. Not only are they going to hammer the parties involved hard, that penalty fee is going to hurt.
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It is sad. Some poor parents will be paying down the tax debt for years and years.
 
Drewny1 said:
Ill just say this

Social Media is a MF. Pretty much every single major D1 recruit is followed by Federal agents on social media. They have a track record of social media post that show recruits flashing big money or expensive cars. Their family members, friends, HS coaches, and Handlers are also being watched.
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I find it hard to believe that the IRS is THAT effective, but I could be wrong.
 
NC_Canes_11 said:
The problem with that is gonna be, a “he said, she said,” from a booster isnt gonna take down a football power. The NCAA is gonna laugh at that. It might get other people jammed up, and cost some kids eligibility, but coaches and programs will skate in the eyes of the NCAA until they have physical, undeniable evidence. Ultimately what everybody is hoping for is the NCAA having to put these schools under probation. Arresting “rogue boosters” only does much in the grand scheme of it all
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It might create a deterrent to keep kids from taking money. And the boosters will know they can be hit with criminal penalties for some kind of conspiracy.
 
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NC_Canes_11 said:
You’re missing my point. Idc about a few guys losing eligibility and a couple bad actors getting fined. I want the programs held accountable or it’s all for crumbs. There will always be more bagmen and more foundations unless the whole system is brought down
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What happened to us for Pell Grant violations? There were possible criminal penalties against the kids but the school also paid too with the NCAA.
 
Canes2082 said:
Wouldn't be surprised to hear they would get immunity if they testify to where and who it came from.
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Sure. If you don't cooperate, they'll just add on some additional incentives, like they did with Lori Loughlor or whatever her name is. Now she's facing more jail time. She's having a hard time thinking what she did as a loving mother could be a serious crime for which she would be punished. She's in denial.
 
TheMatador said:
The IRS can be downright cold when you got income and flagrantly ignored your obligation to report it. Might sound harsh, but if you took the money, no matter how poor, you have to report it. I feel bad for the families who have so little to begin with, but the IRS can be very ruthless.
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And with good reason. The scum bag parents that sold their kids to clan country aren't getting my sympathy here, I just hope it gets higher up than the parents. For each of these unreported incomes is an unreported gift that should also be punished.
 
The only thing I'm worried about is Miami name being thrown into this... Because they will find a way to throw Miami into anything that deals with cheating and money.
 
TheMatador said:
What happened to us for Pell Grant violations? There were possible criminal penalties against the kids but the school also paid too with the NCAA.
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I just have a hard time believing they’ll connect the money and the payments to the schools and coaches
 
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g8rh8rMD said:
Who are the wrong people and who are the right people to get hurt in this? To my mind, anyone that has been taking illicit payments, not reporting the income, cheating the system, and talking about "I will always bleed Orange and Green, but I gotta take care of my family" is a problem. Even more so, anyone steering a kid to make decisions about their future based on what is best at the moment for some adult and not the best long-term interests of the individual student-athlete deserves to pay a price.

Institutionalized cheating and corruption does not have innocent participants, no matter the socioeconomic background they may come from. Obviously, it's easy to understand the temptation and the difficulty these kids come from, but the families and others around them need to stop being excused for considering their son or nephew or cousin or player as a winning lottery ticket.

What I hope for, is that South Florida's elite HS athletes will stop making the most important decisions of their lives based on a quick up front payment that really doesn't benefit them, rather than choosing a school for how it will develop and market their talents and for how it will prepare them for adulthood. Cleaning up the sleazy bag game and system of corrupt HS coaches and runners in SoFla, or even just exposing it to the light of day, can only help.

Even if that means that a few poor moms and dads who sold their child's future for a bag of cash have to pay a price.

I'm sorry, but I'm not crying for Benedict Arnold.
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There’s degrees of punishment though. The boosters and the handlers should be the ones that face the brunt of punishment.

Maybe a couple of those guys from big name schools go to prison will reduce the corruption.

Sad part is if some of the kids get kicked out of school because but hadn’t put enough on film yet for the nfl.
 
Having the FBI involved in an investigation is formidable in and of itself. Team then up with the IRS and it would be like Clem$on and Baga combining their teams to go up against Slippery Rock.
 
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