Ut Oh, Auburn's in deeeeeepppp doodoo I'm hearing...

[Tigeman]

I'm not posting this in the cam thread b/c well it's not about Cam really. It's about Auburn and another situation.


I was talking to a good friend of mine who works for Bama today, and we got discussing the Cam deal. We kind of got sharing a bit of inside info we had on the deal that hasn't really been reported. I won't go into her inside info, but the FBI's investigation into it came up (I will say that if what she says is true and she should know, Cam's not gonna be around for the SEC championship, maybe not even the iron bowl).

We all know the FBI has been looking into it, but no one really knew why they were there, other than for possibly tax implications and money laundering. Apparently the Alabama papers are reporting that Auburn as a University, and their large boosters are being tied into gambling/casino's, bribery (judges), wire fraud, banking violations and a number of other things. Something to do w/ a large lobbying firm in the state.

The FBI apparently has wire taps, which is how Cam was tied into the FBI's investigation.

There's also an unsubstantiated rumor she told me that one of the things on the tapes is talk of paying Cecil in Poker Chips from a local Casino ran by an Auburn booster. Which I find unlikely as Casino's got to report taxes after X amount of winnings. To much of a paper trail for the NCAA to follow, and Auburn has done this more than anyone in history to do something like that.

I'll try and find some stories from the local papers to link to.

But forget Cam and their football program, if this is true, the school has alot more to worry about. Like staying open as a state institution!

[sooner ngintunr]

There's also an unsubstantiated rumor she told me that one of the things on the tapes is talk of paying Cecil in Poker Chips from a local Casino ran by an Auburn booster.

Thats how i know that you're sober and I'm not. good jorb!!

Yeah, Auburn is ****ed.

[SoonerMom2]

Figured it was bad when the FBI became involved and then their coach decided to shut up and quit defending Cam today. Just like a lot of us figured there was more to him leaving FL than a laptop since FL isn't likely to dump someone over that or it hasn't been their history under Urban Meyer.

FBI gets involved and all of a sudden everyone starts except the coach who quits talking.

We will be waiting for more info but this doesn't shock me at all. Knew something was up. He could have gotten chips over a period of time that would not have triggered the IRS report or they cook the books showing him losing a lot when he didn't. I don't trust casinos -- sounds like something I can see them doing.

[soonerbub]

"I was talking to a good friend of mine who works for Bama today"

not exactly unbiased huh? I can't believe auburn would be stupid enough to play him if they knew somethin
**** I was only in Alabama for 2 weeks as a kid are they really that shady?

[Tigeman]

http://blog.al.com/businessnews/2009/08/bobby_lowder_milton_mcgregor_p.html



http://www.thetuskegeenews.com/articles/2010/10/21/opinion/doc4cbf59b3eea05796017322.txt

[Tigeman]

not exactly unbiased huh?

Yeah but the girl went to Standford and Yale. She doesn't exactly have a dog in the fight, besides working for Bama. Besides even if she was one, I've said it before, most Bama fans are like us, they can put aside fandom for a bit and have a serious convo. Besides keep in mind....she was saying this was in the local and state papers!!!!


I can't believe auburn would be stupid enough to play him if they knew somethin
**** I was only in Alabama for 2 weeks as a kid are they really that shady?

I keep telling people this. Auburn knows their Phuckedddd! At this point it's give up and take your punishment. Or keep playing Cam, get your boosters and fans worked up in a frenzy, as well as getting tons of media exposure, then take the hammer when it falls and try to lessen the punishment when it falls. Either way your getting the punishment, and probably the same either way. So why not get your booster checks rolling in and create a us against the world mentality. Auburn has always thought they have been screwed out of alot of mNC's anyways. So this would just be another.

[sooner ngintunr]

I can't believe auburn would be stupid enough to play him if they knew somethin


I can't believe you are serious.

It would be stupid to bench him. Please tell me what they have to lose by playing him this year.
:pop:

[SoonerMom2]

Thanks Tigerman for the links -- looks like this is far reaching and going to go into the State legislature as well. Looks like this is beginning to make sense after reading those links. When this explodes Auburn is going to be in deep trouble. WOW is all I can say! Thanks for the heads up!

[SoonerMom2]

Auburn wouldn't bench him -- not that classy since they now claim the national championship for 2004. If they won the SEC and the championship was vacated, they would still claim it!

[85sooners]

:gary:

[StoopTroup]

All those folks at Colonial sound like they have some sweetheart deals they're trying to hold onto.

[Tigeman]

For folks that don't wanna dig. What you can construe from those articles is this....

1. Robert Geddie, an Auburn Grad and booster, has been indicted by the Department of Justice. He's the head of the largest lobbying firm in Bama.

2. The Auburn Athletics/Tigers Unlimited Foundation has been paying over $1 mil to this group.

3. The Auburn Athletics/Tigers Unlimited Foundation is kind of like our Sooner Club.

4. Bama also pays this group, as their other CEO is a Bama grad and booster.

5. Both Universities simply say the contracts are between private corporations and don’t have to follow public records laws. Several such foundations with similar contracts with lobbyists have been successfully sued and forced to open their books.

6. Geddie was indicted largely on the basis of intercepts of cell phone and land line conversations

7. Bobby Lowder, head of the Auburn Finance Committee , had his bank seized.

8. Lowder had his Auburn buddies sitting on the board of said bank, including former Auburn Coach Pat Dye.

Now the part about the bank is kind of a leap to tie anything to Cam. But it's more or less a way to show the idiots your dealing w/ there.... b/c Lowder is still head of the Finance Committee at Auburn WTF??? The reason the story about the Lobbying group ties into everything is b/c of the phone/wire taps.

There's your recap!

[Tigeman]

While searching I found this....

http://www.tigerdroppings.com/rant/MessageTopic.asp?p=22723259&Pg=1

So this crap has been on other boards for a while.

My friend basically regurgitated alot of what was said over there, except went into details

[yermom]

Yeah but the girl went to Standford and Yale. She doesn't exactly have a dog in the fight, besides working for Bama. Besides even if she was one, I've said it before, most Bama fans are like us, they can put aside fandom for a bit and have a serious convo. Besides keep in mind....she was saying this was in the local and state papers!!!!



I keep telling people this. Auburn knows their Phuckedddd! At this point it's give up and take your punishment. Or keep playing Cam, get your boosters and fans worked up in a frenzy, as well as getting tons of media exposure, then take the hammer when it falls and try to lessen the punishment when it falls. Either way your getting the punishment, and probably the same either way. So why not get your booster checks rolling in and create a us against the world mentality. Auburn has always thought they have been screwed out of alot of mNC's anyways. So this would just be another.

all they need to do is stonewall the NCAA and as long as the NCAA drags their feet, Auburn can follow the USC method and keep winning and claim the AP title after their wins are vacated ;)

if they bench Newton now, they probably couldn't even do that, but likely will have to vacate any wins this season if he/they get into trouble

[BoulderSooner79]

Yeah but the girl went to Standford and Yale....


You sure it wasn't Standford and Yail ?

[Tigeman]

You sure it wasn't Standford and Yail ?

LOL... nope... it was the school located here. http://mba.yale.edu/ (http://mba.yale.edu/):D

[soonercastor]

LOL... nope... it was the school located here. www.mba.yale.edu (http://www.mba.yale) :D

you didn't point out the Standford :P


just giving u a hard time Tiger, we don't really care:D

[BoulderSooner79]

You sure it wasn't Standford and Yail ?


LOL... nope... it was the school located here. http://mba.yale.edu/ (http://mba.yale.edu/):D

Can we get some help here? ;)

[BoulderSooner79]

you didn't point out the Standford :P


just giving u a hard time Tiger, we don't really care:D

Sorry, I went to Stanford, so I'm a bit touchy about it. :P

[Tigeman]

Crap I missed it! Typo! LOL Yes I know it's Stanford! LOL

Guess I totally missed your joke! HAHA. That one went way over my head. Sorry I've only attended OU, so gimme some leeway here ;)

I'll give myself a facepalm on this one! LOL

[Leroy Lizard]

Crap I missed it! Typo! LOL Yes I know it's Stanford! LOL

Guess I totally missed your joke! HAHA. That one went way over my head. Sorry I've only attended OU, so gimme some leeway here ;)

I'll give myself a facepalm on this one! LOL

Not good enough. We want you to go in a room with a glass of brandy and a revolver. Do the honorable thing.

We have very high standards here at SoonerFans.com.

[budbarrybob]

I'll try to remember this thread 3 years from now when it all becomes relevant.

Not trying to be sarcastic, just that, IMO, it will probably take that long for the NCAA to peek far enough into it to make a judgement.

[prrriiide]

What exactly is the author referring to here?


Getty was indicted largely on the basis of intercepts of cell phone and land line conversations with those in the alleged pay-for-play scheme.

( http://www.thetuskegeenews.com/articles/2010/10/21/opinion/doc4cbf59b3eea05796017322.txt )

Did I miss something somewhere?

[Tigeman]

Not good enough. We want you to go in a room with a glass of brandy and a revolver. Do the honorable thing.

We have very high standards here at SoonerFans.com.

At least your giving me some Brandy to sign off w/ first! LOL

[Tigeman]

What exactly is the author referring to here?



( http://www.thetuskegeenews.com/articles/2010/10/21/opinion/doc4cbf59b3eea05796017322.txt )

Did I miss something somewhere?

Auburn boosters.

[Scott D]

I don't see what the big deal is, Pay for Play is SOP in the SEC.

[swardboy]

I hereby declare "Standford" to be the correct and accepted SoonerFans method of spelling of that esteemed institooshun in Collyfornya.

[Monster Zero]

Yeah but the girl went to Standford and Yale. She doesn't exactly have a dog in the fight, besides working for Bama. Besides even if she was one, I've said it before, most Bama fans are like us, they can put aside fandom for a bit and have a serious convo. Besides keep in mind....she was saying this was in the local and state papers!!!!



I keep telling people this. Auburn knows their Phuckedddd! At this point it's give up and take your punishment. Or keep playing Cam, get your boosters and fans worked up in a frenzy, as well as getting tons of media exposure, then take the hammer when it falls and try to lessen the punishment when it falls. Either way your getting the punishment, and probably the same either way. So why not get your booster checks rolling in and create a us against the world mentality. Auburn has always thought they have been screwed out of alot of mNC's anyways. So this would just be another.

No offense but you are letting out way too much info on the person you're getting your information from.

So... How many people are there who meet the description of the person you're talking about here? And with the kind of crimes (FBI involved) going on, don't you think someone might be just a little upset with this person, whomever "he or she" is or wherever "he or she" went to school, or where "he or she" is now? "Big-time Auburn booster"? "Casino chips"? Think this through and ask yourself where this might be going.

If this story is true you might want to consider going back and editing your post, even if it might be too late already to protect the person you got this information from, whoever "he or she" is and wherever "he or she" went to school and wherever "he or she" works now. Or maybe you'd rather take the chance that the mobsters, excuse me, casino operators don't spend a lot of time on SoonerFans.

Just sayin'. :)

[Bourbon St Sooner]

I don't care what sh!t may come down on all-barn, as long as it happens after the season so lsu can't luck their way into another title game.

[85sooners]

:gary:

[BoulderSooner79]

Not good enough. We want you to go in a room with a glass of brandy and a revolver. Do the honorable thing.
...


Which is drink the brandy and shoot the TV next time ESPN repeats the Cam Newton rumors?

[OUthunder]

I bet Cheznik wishes he were back at ISU about now. I hope the reports are false but I do believe that the hammer is about to be dropped on Auburn Football, too bad really.

So, who is the Heisman winner if this all goes down?

[soonerchk]

There's also an unsubstantiated rumor she told me that one of the things on the tapes is talk of paying Cecil in Poker Chips from a local Casino ran by an Auburn booster. Which I find unlikely as Casino's got to report taxes after X amount of winnings. To much of a paper trail for the NCAA to follow, and Auburn has done this more than anyone in history to do something like that.

This could be done, but it would have to be done over a period of time to avoid the reporting. But if you're already involved in this kind of stuff, what's a little tax evasion?

[jkjsooner]

I never thought about the tax evasion situation. That would seem to be an easy way for the FBI to get involved with many of these college player payment scandals.

In Bomar's case I'm sure he reported it as it was supposed to be a legitimate job.

I wonder how many players who got money under the table reported it on their taxes? If considered a gift and over $13k, I wonder how many donors have declared it?

[BoulderSooner79]

I don't care what sh!t may come down on all-barn, as long as it happens after the season so lsu can't luck their way into another title game.

Ack! I didn't consider this scenario. If something substantive surfaces soon and it is clear their wins will be vacated, I could see the SEC stepping in. They could declare Auburn ineligible for the west giving LSU a shot at the conference and even the BCS title. Les Miles would have to be the luckiest SOB around for this to happen. Oh, wait...

[SoonerLB]

I'm guessin' they will claim the National Championship . . . with or without Cam Newton . . . and whether they play in the game or not! ;)
And the FNCT will prolly be on display down at the casino! :D

[btb916]

No offense but you are letting out way too much info on the person you're getting your information from.

So... How many people are there who meet the description of the person you're talking about here? And with the kind of crimes (FBI involved) going on, don't you think someone might be just a little upset with this person, whomever "he or she" is or wherever "he or she" went to school, or where "he or she" is now? "Big-time Auburn booster"? "Casino chips"? Think this through and ask yourself where this might be going.

If this story is true you might want to consider going back and editing your post, even if it might be too late already to protect the person you got this information from, whoever "he or she" is and wherever "he or she" went to school and wherever "he or she" works now. Or maybe you'd rather take the chance that the mobsters, excuse me, casino operators don't spend a lot of time on SoonerFans.


This sounds like a threat...are YOU a mobster?? :eek:

[Tigeman]

No offense but you are letting out way too much info on the person you're getting your information from.

So... How many people are there who meet the description of the person you're talking about here? And with the kind of crimes (FBI involved) going on, don't you think someone might be just a little upset with this person, whomever "he or she" is or wherever "he or she" went to school, or where "he or she" is now? "Big-time Auburn booster"? "Casino chips"? Think this through and ask yourself where this might be going.

If this story is true you might want to consider going back and editing your post, even if it might be too late already to protect the person you got this information from, whoever "he or she" is and wherever "he or she" went to school and wherever "he or she" works now. Or maybe you'd rather take the chance that the mobsters, excuse me, casino operators don't spend a lot of time on SoonerFans.

Just sayin'. :)

Nope, not at all...simply b/c I didn't release any of the private info that she told me. Everything she told me that was posted was public information. Besides, she's at Bama... they don't exactly have any love loss towards Auburn, so not like she'll lose her job for it as it's not inside information that only the university/NCAA/and FBI is Privy too. But like I said, I didn't release any of the info she told me that was private. I simply stated the information that she said was in the public papers! As for the casino chips thing, that was an unverifiable statement, and not necessarily from her. I had said it was an unsubstantiated rumor floating around the state of Alabama. So for the 3rd time I'll repeat ... The information posted was in the newspapers in Bama.

[Mad Dog Madsen]

What?

[TheHumanAlphabet]

Here is Auburn's take on this. From a long time friend and AU grad...I don't know the source, but it is from my friend who has many friendships at the school and is a Delta.

Of course, until the horse (NCAA) speaks it is all speculation.



Just got this for a high university source...
Still no concrete news, but it appears we should have an answer by Friday.
It should be good. Again, no guarantees because it always is dependent on
what, if anything, the NCAA finds between now and then, but a lot of signs
point in the positive direction.
To reiterate for the millionth time, the NCAA has not issued a letter of
inquiry to Auburn and as such is not investigating AU. Any rumors or
innuendo that AU is going to the slapped with major sanctions for violations
is BS. Remember who our next game is against. Most of this is typical IB
week stuff.
From this point forward I will approach any news from ESPN for the rest of
my life as being the product of uninformed neophytes at best and
intentionally distributed BS at worst. Either they truly don't understand
the process or they are intentionally distributing nonsense. At this point,
I am leaning towards the latter.
While we are on the subject, the SEC is not going to suspend Cam for a
violation of its bylaws. Any suggestion that they may do this rather than
waiting for the NCAA is caca.
What exactly is Kenny Rogers? How does his "profession" fit within the
bylaws of the NCAA? What bylaw covers his actions? Does anyone know? The
NCAA hasn't decided yet. Don't let some guy with a blog convince you that
Cam is guaranteed to eventually be ruled ineligible. But don't let someone
convince you it is an open and shut case that he will be eligible either.
Stay strong in the days ahead. There's a light at the end of this tunnel and
it is rapidly approaching. Either it is a train heading in our direction and
we are doomed for a head on collision or it is the light of day casting
shadows aside and revealing the truth. Personally, I would put some heavy
change on the latter.
War Eagle and stay Fearless and True.

[Rocko]

Here is Auburn's take on this. From a long time friend and AU grad...I don't know the source, but it is from my friend who has many friendships at the school and is a Delta.

Of course, until the horse (NCAA) speaks it is all speculation.

Sounds a lot like denial to me.

[yermom]

deny, deny, deny

then claim the AP trophy when the dust settles

i call it the "USC Plan"

Auburn's last MNC was what, 1957? they are probably thinking they can handle a few years of sanctions to get another one at this point

[cleller]

If the NCAA sacks them, will we still have another Auburn parade this year?

http://www.soonerfans.com/forums/showthread.php?t=31257&highlight=auburn+parade

[Monster Zero]

"But like I said, I didn't release any of the info she told me that was private. I simply stated the information that she said was in the public papers! As for the casino chips thing, that was an unverifiable statement, and not necessarily from her. I had said it was an unsubstantiated rumor floating around the state of Alabama. So for the 3rd time I'll repeat ... The information posted was in the newspapers in Bama. "

Okay. Sorry for jumpin' the gun.

[HBick]

all they need to do is stonewall the NCAA and as long as the NCAA drags their feet, Auburn can follow the USC method and keep winning and claim the AP title after their wins are vacated ;)

if they bench Newton now, they probably couldn't even do that, but likely will have to vacate any wins this season if he/they get into trouble

yeah but this is about the FBI investigating Auburn. The FBI can subpoena whereas the NCAA cannot subpoena.

[yermom]

can the FBI vacate wins? :D

i'm sure they don't really care who plays or doesn't. at this point pulling him would be like admitting guilt, right?

[sooneron]

If a person was paid in chips from a casino, up to what amount would he have to claim when cashing out? I know it's somewhere in the thousands.
Let's say that I walk into a casino with 2K in my pocket. I break dead even, I cash out 2K when I leave. What's to claim? I didn't "gain" anything. If you win big at the track, you get it taken out right there, don't you? Sorry for the questions, I don't gamble very much. I hate losing and I hate losing $ even more. So let's say that Cam's dad walks into a casino with 2K in chips, he wanders around for a bit, maybe even plays a couple of hands and cashes out for roughly the same amount. I'm assuming the casino (in most cases) is the honor system, since I can change cash for chips at any table, it's not like the casino knows how much I'm converting to chips. I'm just asking because someone said it would be a big money trail and it doesn't seem that way to me. I'm guessing chips leave casinos all the time.

[jumperstop]

If a person was paid in chips from a casino, up to what amount would he have to claim when cashing out? I know it's somewhere in the thousands.
Let's say that I walk into a casino with 2K in my pocket. I break dead even, I cash out 2K when I leave. What's to claim? I didn't "gain" anything. If you win big at the track, you get it taken out right there, don't you? Sorry for the questions, I don't gamble very much. I hate losing and I hate losing $ even more. So let's say that Cam's dad walks into a casino with 2K in chips, he wanders around for a bit, maybe even plays a couple of hands and cashes out for roughly the same amount. I'm assuming the casino (in most cases) is the honor system, since I can change cash for chips at any table, it's not like the casino knows how much I'm converting to chips. I'm just asking because someone said it would be a big money trail and it doesn't seem that way to me. I'm guessing chips leave casinos all the time.

I think it's $10,000 before you have to report it.

[gaylordfan1]

Well, regardless that would be a lot of trips to the casino for Mr Newton to get his full payout.

[yermom]

it would be pretty easy to lose/find $9,000 in chips 20 times

i've never cashed out near that much, but when i cash out, i don't have to present ID or anything

[tommieharris91]

deny, deny, deny

then claim the AP trophy when the dust settles

i call it the "USC Plan"

Auburn's last MNC was what, 1957? they are probably thinking they can handle a few years of sanctions to get another one at this point

2003 if you're doing Bama math.

[TheHumanAlphabet]

Sounds a lot like denial to me.

No denial, just posting the source, you can judge for yourself. Just a different take than the Bammer specific info. BTW, I don't care what happens (outside of college football getting a black eye) in either case.

[BudSooner]

I think it's $10,000 before you have to report it.

We won $1,320 at the track one night and the lady at the IRS window told us anything over $660. But that was 1999 btw, it could be different now.

[soonercastor]

yeah its 10,000 now

[HolaKyle]

I've been to the Hard Rock in Tampa. I can't speak for the tables, but on the slot machines, or video poker, if you win big, then they make you fill out forms.

[Tigeman]

Okay. Sorry for jumpin' the gun.

It's ok. I figured most overlooked the part where I said this is what was in the local papers there.


As to the chips things.... while not reported under $10K, I do believe they keep your name and info on large winnings. I believe the $10K number applies to a whole year. So say you win 4K one time, 3K another, then 3K a few months later, you gotta pay taxes on the $10K. I could be wrong though.... as I'm not a CPA, nor do I go to Casino's. But like someone said... that sure would be alottttt of trips to the casino if the #'s being discussed are real. I find the Chips payment hard to believe.


There's now new rumors about yet another player being paid off from Auburn. Hmmmmmm :gary:

[49r]

Sounds a bit like the deal at KU last spring, they had the FBI and the DOJ after them for their little ticket scandal (which was reported to be somewhere in the millions of dollars in fraud), so I doubt anything really bad will happen to Auburn as an institution.

But there may be more than a few people who lose their jobs over this. Unfortunately, I doubt anything is going to happen fast enough to keep them from playing in a BCS title game if they continue to go undefeated.

[Tigeman]

Sounds a bit like the deal at KU last spring, they had the FBI and the DOJ after them for their little ticket scandal (which was reported to be somewhere in the millions of dollars in fraud), so I doubt anything really bad will happen to Auburn as an institution.

But there may be more than a few people who lose their jobs over this. Unfortunately, I doubt anything is going to happen fast enough to keep them from playing in a BCS title game if they continue to go undefeated.

I agree w/ this! What would be ideal, is for Auburn to go to the big game, against Oregon, or Boise and win! Then have the title stripped a few months later! :D I would laugh soooo freaking hard!

If it's TCU in the game, then I wouldn't mind them winning it.

[cccasooner2]

.....But like someone said... that sure would be alottttt of trips to the casino if the #'s being discussed are real. ....

The FBI will probably will find a reverand with a severe gambling sickness. A plea deal without admitting or denying any wrongdoing for cooperation in the conviction(s) of the real target(s) of the investigation (not Cameron Newton) is the likely result. The NCAA is on their own on this one. :D

[Leroy Lizard]

The FBI will probably will find a reverand with a severe gambling sickness. A plea deal without admitting or denying any wrongdoing for cooperation in the conviction(s) of the real target(s) of the investigation (not Cameron Newton) is the likely result.

Isn't that an awkward plea deal? If the man admits to no wrongdoing, then doesn't his testimony tend to exonerate those involved?

[cccasooner2]

Isn't that an awkward plea deal? If the man admits to no wrongdoing, then doesn't his testimony tend to exonerate those involved?

Not in this world.

[Sooner_Tuf]

You are supposed to report all income. The tax laws on how casinos report winnings are extremely complicated because the IRS has different deals with different casinos. But generally if you win $600 or more expect to get a W2-G from the casino. There may be other triggering events worked into it though. Your winnings may have to be X times the amount wagered before they do so just depends on the deal they have with the IRS.

Even if the casino doesn't collect information and report it to the IRS you are supposed to list it on your 1040.

[lycao]

It's ok. I figured most overlooked the part where I said this is what was in the local papers there.


As to the chips things.... while not reported under $10K, I do believe they keep your name and info on large winnings. I believe the $10K number applies to a whole year. So say you win 4K one time, 3K another, then 3K a few months later, you gotta pay taxes on the $10K. I could be wrong though.... as I'm not a CPA, nor do I go to Casino's. But like someone said... that sure would be alottttt of trips to the casino if the #'s being discussed are real. I find the Chips payment hard to believe.


There's now new rumors about yet another player being paid off from Auburn. Hmmmmmm :gary:

Actually the 10k is total transactions (cash in/cash out) in a gaming day. It isn't to say you will get taxed on it, but they are going to look into you to see if you are laundering money

[AlbqSooner]

You are supposed to report all income. The tax laws on how casinos report winnings are extremely complicated because the IRS has different deals with different casinos. But generally if you win $600 or more expect to get a W2-G from the casino. There may be other triggering events worked into it though. Your winnings may have to be X times the amount wagered before they do so just depends on the deal they have with the IRS.

Even if the casino doesn't collect information and report it to the IRS you are supposed to list it on your 1040.

Simply Wrong.

[jkjsooner]

Assuming the benefits were paid in this calendar year, it would be funny is if the feds went to Mr. Newton and said, "You haven't done anything illegal but if you did get benefits I suggest you declare this on your 2010 taxes." I don't think Mr. Newton would risk prison just to protect Auburn.

Or if the feds considered this a gift above the $13k then they could force the giver to pay gift taxes.


Question, if the source of the money was hidden would that be considered money laundering? According to Wikipedia you have to hide the source of "illegally gained money." Assuming there are no state laws against paying Cam Newton, the transaction would be legal (if all taxes are paid) so the fact that you're trying to hide them should not be considered money laundering, right?

[Crucifax Autumn]

Do I have to report all the team caps and shirts I've won in the monday night football raffle at the bar across the street?

[Breadburner]

Do I have to report all the team caps and shirts I've won in the monday night football raffle at the bar across the street?

You dont....But I'm calling right now.....:D

[Leroy Lizard]

Assuming the benefits were paid in this calendar year, it would be funny is if the feds went to Mr. Newton and said, "You haven't done anything illegal but if you did get benefits I suggest you declare this on your 2010 taxes." I don't think Mr. Newton would risk prison just to protect Auburn.

Or if the feds considered this a gift above the $13k then they could force the giver to pay gift taxes.


Question, if the source of the money was hidden would that be considered money laundering? According to Wikipedia you have to hide the source of "illegally gained money." Assuming there are no state laws against paying Cam Newton, the transaction would be legal (if all taxes are paid) so the fact that you're trying to hide them should not be considered money laundering, right?

Wasn't the money paid to the church, a non-profit? If so, why would he need to pay taxes on it?

[jkjsooner]

Wasn't the money paid to the church, a non-profit? If so, why would he need to pay taxes on it?

I didn't know that.

[tommieharris91]

Simply Wrong.

Actually, Tuf is correct.

[AlbqSooner]

Actually, Tuf is correct.

Tuf is correct only in his first one and one half sentences. You have a duty to report all income. Tax laws can be extremely complicated.

Different casinos do not receive different treatment on what constitutes reportable winnings for tax purposes. Casinos do not negotiate deals with the IRS regarding the reportability or not of winnings.

Sorry, but you are talking out your arse in an area that I deal with on a very regular basis.

[tommieharris91]

Tuf is correct only in his first one and one half sentences. You have a duty to report all income. Tax laws can be extremely complicated.

Different casinos do not receive different treatment on what constitutes reportable winnings for tax purposes. Casinos do not negotiate deals with the IRS regarding the reportability or not of winnings.

Sorry, but you are talking out your arse in an area that I deal with on a very regular basis.

Wow, I'm sorry. I can't read today. You're correct.

On another note, we have aggy behavior at its finest. (http://auburn.247sports.com/Article/Phillips-blog-An-orchestrated-campaign-6011)

[soonerchk]

You are supposed to report all income. The tax laws on how casinos report winnings are extremely complicated because the IRS has different deals with different casinos. But generally if you win $600 or more expect to get a W2-G from the casino. There may be other triggering events worked into it though. Your winnings may have to be X times the amount wagered before they do so just depends on the deal they have with the IRS.

Even if the casino doesn't collect information and report it to the IRS you are supposed to list it on your 1040.

Okay, this is as far as I got, but no the IRS does not have different deals for different casinos. They are all under the same rules and if you win it, you better the eff claim it or they will find you and sell your children until the taxes are paid.


Or what albq said.

[soonerchk]

If a person was paid in chips from a casino, up to what amount would he have to claim when cashing out? I know it's somewhere in the thousands.
Let's say that I walk into a casino with 2K in my pocket. I break dead even, I cash out 2K when I leave. What's to claim? I didn't "gain" anything. If you win big at the track, you get it taken out right there, don't you? Sorry for the questions, I don't gamble very much. I hate losing and I hate losing $ even more. So let's say that Cam's dad walks into a casino with 2K in chips, he wanders around for a bit, maybe even plays a couple of hands and cashes out for roughly the same amount. I'm assuming the casino (in most cases) is the honor system, since I can change cash for chips at any table, it's not like the casino knows how much I'm converting to chips. I'm just asking because someone said it would be a big money trail and it doesn't seem that way to me. I'm guessing chips leave casinos all the time.


I think it's $10,000 before you have to report it.

10,000 cash in a 24 hour period has to be reported to the US Treasury by the casino. Anything won over $600 unless it's horse racing in which case it gets weird has to have a W2G issued. So yeah, it's possible to do the payout in casino chips and not report it, but it's tax evasion and fraud.

[RJSooner]

sorry if this has already been posted.. but wow.

http://www.tigerdroppings.com/rant/MessageTopic.asp?p=22778676&Pg=1

a very brief summary of this massively indepth post.


The FBI has been investigating Colonial Bank and Louder for a number
of possible violations in the financial market crash which are
unrelated to AU. Part of the investigation involved gambling fraud
between McGregor and Colonial Bank. Something called the Rico Stature
allowed the justice department to set up wiretaps on Colonial Bank.
On the wiretaps the FBI found major AU recruiting infractions involving
Louder, McGregor, Dye, Trooper, boosters and others.
Here’s what they say the FBI has on tape and can prove AU did:

• The people above are on tape explaining who they paid and how they did it.
• It involves many AU players
• Providing unmarked Colonial Bank ATM cards to players to withdraw
money from secret accounts.
• Giving “slot machine cards” to the players, which now involves the
Alabama Gaming Commission.
• Provided improper loans to some of the families in our last and
current recruiting class.
• The NCAA “strongly” recommended that AU sit Cam for GA. game because
of the mounting evidence.
• President Grogue wanted to sit Cam but was overruled by Louder and
the Board of Trustees.
• Coach Chizik knows none of this and has been lied to by Jacobs.
• The people named above know the S%#& is going to hit the fan “big
time” and have decided “we’re going down” so lets win the title even
if they take it away later.
• Slive knew about this early and sat on the information and is also
in the “crosshairs” of the FBI..
• The corruption is so deep at the highest level (trustees) that AU
will be evicted from kicked out of the SEC.
• This will be revealed by the end of the week.

[jumperstop]

sorry if this has already been posted.. but wow.

http://www.tigerdroppings.com/rant/MessageTopic.asp?p=22778676&Pg=1

a very brief summary of this massively indepth post.

There's a lot of words in that link. Summarize...what does it say?

[Leroy Lizard]

a very brief summary of this massively indepth post.

Sounds a little like SMU. Not sure I buy it, though.

[Breadburner]

Here is a summary....AU is ****ed.....

[jumperstop]

sorry if this has already been posted.. but wow.

http://www.tigerdroppings.com/rant/MessageTopic.asp?p=22778676&Pg=1

a very brief summary of this massively indepth post.

Ok summarized well...lol

[soonerboy_odanorth]

So let me get this straight. An "SEC... SEC... SEC" team might not be doing things according to the letter and spirit of the NCAA?

Perish the thought! You're just yankin' my chain...

[soonerboy_odanorth]

And no, SEC...SEC...SEC, I'm not calling the kettle black.

I'm calling it "blacker".

Best football conference? Sure.

Dirtiest football conference? Always has been, always will be.

[SoonerLB]

For years ESPN and other nitwits have been erroneously purporting the SEC to be the toughest conference, when as it turns out, they are simply the highest paying conference. Who'd a thunk it? ;)

[Bourbon St Sooner]

sorry if this has already been posted.. but wow.

http://www.tigerdroppings.com/rant/MessageTopic.asp?p=22778676&Pg=1

a very brief summary of this massively indepth post.

First of all, it's on a tigger message board, who has a vested interest in all barn being thrown out of the NCAA in the next two weeks.

Second, if any of this is true and the FBI has it all on tape, it ain't going to hit the fan by the end of the week. The FBI keeps that **** pretty close to the vest until indictments are handed out.

[Soonerfan88]

All have been indicted and/or arrested already. It's been kept private for around six months due to the grand jury. That is why all of this has been suddenly hitting newspapers in pieces - some have seen some court documents and some have seen others. Once a single reporter/paper gets it all together, we will probably see a much more comprehensive article.

[Scott D]

And no, SEC...SEC...SEC, I'm not calling the kettle black.

I'm calling it "blacker".

Best football conference? Sure.

Dirtiest football conference? Always has been, always will be.

the SWC called and they wanted to inform you that they're disappointed that they weren't once the dirtiest conference ;)

[KantoSooner]

Jackie Sherrill stands, head bowed, in silent homage to Auburn.

[Tigeman]

There's a lot of words in that link. Summarize...what does it say?


Essentially it just re-hashes everything I summarized on the first page. Except it mentions players getting ATM cards and cards for slot machines (not the poker chips I referenced)

[NormanPride]

Wow. What would it actually take for Auburn to get kicked out of the SEC?


... and could we take their place?

[Leroy Lizard]

How are Auburn fans handling it so far?

[Tigeman]

Wow. What would it actually take for Auburn to get kicked out of the SEC?


... and could we take their place?


Actually what I find Ironic is Bama is begging for the SEC Aggie to be kicked out, and to have Big 12 - 2 Aggie South take their place.

[jumperstop]

Actually what I find Ironic is Bama is begging for the SEC Aggie to be kicked out, and to have Big 12 - 2 Aggie South take their place.

Who from the Big 12 do they want? All the South teams? :confused:

[Leroy Lizard]

Who from the Big 12 do they want? All the South teams? :confused:

I think he implied ATM.

[jumperstop]

I think he implied ATM.

Could have fooled me...Big 12-2 Aggie South was a bit misleading. But why the hell would they want them? They'd probably have a better chance at getting Saxet.

[TheHumanAlphabet]

Wow. What would it actually take for Auburn to get kicked out of the SEC?


... and could we take their place?

I am pretty sure ATM would expect to be the next team in...(pun intended).

[Tigeman]

Could have fooled me...Big 12-2 Aggie South was a bit misleading. But why the hell would they want them?

Sorry, I thought I was pretty clear! Let me break it down for you..... Big 12-2 (Conference formerly known as the Big 12 .... we're now down to 10... and 12-2 = 10). Aggie South.... aTm. We're blessed or cursed, depending how you want to look at it w/ 2 aggies. One up North - little brother, and one down South - aTm.


So to rehash

Aggie North = :stunned:
Aggie South = :rcmad:

Big 12 - 2 = The big 12 now that Nebbish and the Buffs are leaving.


As to why they'd want them?....Well.... everyone has to have an Aggie to make fun of. Gotta have someone to beat up on. Think of the enjoyment we get off of them. Aggie South seems to be full of fail and comedy though, as they really think they have a chance in the SEC. But on a serious note, it opens up the TX market to the SEC... that was the whole reasoning behind the original rumors in the first place.

[SicEmBaylor]

I think he implied ATM.

People.

Aggy=OShi*U
Aggie=Texas eA&tMe

[Leroy Lizard]

People.

Aggy=OShi*U
Aggie=Texas eA&tMe

I have enough trouble remembering the secret order codes for In-n-Out. I don't need this.

[Tigeman]

LOL... leave it to the Baylor folks to break down the grammatical intricacies of aggyism.

I think we'll stick w/ Aggie North and South like we've always used!

[yermom]

i generally just say Aggie. it usually applies to both groups anyway

[soonerboy_odanorth]

the SWC called and they wanted to inform you that they're disappointed that they weren't once the dirtiest conference ;)

You know what the SEC calls the old SWC?

Amateurs.

[CincySooner]

LOL... leave it to the Baylor folks to break down the grammatical intricacies of aggyism.

I think we'll stick w/ Aggie North and South like we've always used!

I prefer the terms Aggie and Aggy Lite

[Half a Hundred]

So, is the death penalty a realistic possibility here?

[jumperstop]

I prefer the terms Aggie and Aggy Lite

This is what I've always called 'em.

[MeMyself&Me]

So, is the death penalty a realistic possibility here?

I really doubt it. I don't think the NCAA wants to ever do that again. The death penalty to SMU had a large negative effect on many other schools that the NCAA didn't anticipate.

Though, if Auburn's administration/coaches are actually involved or have knowledge they withheld and played him anyway, I wouldn't put it passed the NCAA to do it.

[85sooners]

:gary:

[Scott D]

You know what the SEC calls the old SWC?

Amateurs.

touche'

[Tigeman]

The Auburn Hillbillies-

Come and listen to a story about a kid named Cam,
A liar and a thief, but Auburn didn't give a damn
Then one day he got paid to play the game
And out of nowhere the investigators came
NCAA that is, judge and jury, Committee on Infractions

Well the first thing you know Auburn decides to go "all in"
Cheating didn't matter just as long as we can win
Glendale, Arizona is the place we want to be
So we threw out the rulebook and called ourselves "family"
The Auburn family that is, yes we cam, "lean on me"

Well now it's time to say goodbye to Cam and all our wins
He'll play in the NFL with that same sh*t eatin' grin
How in the world could we have been such fools,
Now we have to pick up the pieces of what's left of our school

Sanctions that is, reduced scholarships, bowl bans

We'll be back now y'hear?