OT: Massive payments to ex-officials trigger IRS audit of U of L Foundation

[huskymedic]

Massive payments to ex-officials trigger IRS audit of U of L Foundation

>>The IRS notified the foundation on Aug. 24 that it had been selected for an audit, according to records obtained by the Courier Journal. The letter said an IRS agent will visit the foundation in Louisville from Sept. 11-13 and requested information and documents related to mismanagement and employee pay.<<

 

[JMick]

Wonder if any of that money made its way to decision makers in the ACC

 

[Da_Aisijimo_Gou]

Wonder how much of that money made its way to decision makers in the ACC

FIFY, plus offshore accounts of relatives of officials at Free Shoes, Clemson, Miami, etc?

 

[Adios]

Louisville has a $700 million dollar endowment??

 

[CL82]

Everyone is looking at Louisville, yet no one has taken them down yet. Maybe the IRS can go full Al Capone on them do what other agencies and organizations couldn't.

 

[Chief00]

Everyone is looking at Louisville, yet no one has taken them down yet. Maybe the IRS can go full Al Capone on them do what other agencies and organizations couldn't.

Agree, the IRS has tools, access and resources others don’t have.

 

[WrenchFan69]

So to recap: Louisville has nearly lost accreditation, funneled prosititutes to 16 year olds, fraudulently paid players leading to an FBI investigation, made sketchy payments to ex-officials leading to an IRS audit all in the last 3 years? Sheesh

 

[huskymedic]

So to recap: Louisville has nearly lost accreditation, funneled prosititutes to 16 year olds, fraudulently paid players leading to an FBI investigation, made sketchy payments to ex-officials leading to an IRS audit all in the last 3 years? Sheesh

... and falsified compliance documents:Louisville altered recruiting document before and after Bowen's campus visit

 

[metsfan2323]

Wonder if any of that money made its way to decision makers in the ACC

Come on, the odds of that happening are only about 99%.

 

[UConnTrumbull]

Burn it down.

 

[buddy]

So to recap: Louisville has nearly lost accreditation, funneled prosititutes to 16 year olds, fraudulently paid players leading to an FBI investigation, made sketchy payments to ex-officials leading to an IRS audit all in the last 3 years? Sheesh

And yet they are the darlings of the ACC!

 

[Da_Aisijimo_Gou]

... and falsified compliance documents:Louisville altered recruiting document before and after Bowen's campus visit

Surely, there's more with Loosahvul. Never underestimate their capabilities.

 

[noeynox]

So to recap: Louisville has nearly lost accreditation, funneled prosititutes to 16 year olds, fraudulently paid players leading to an FBI investigation, made sketchy payments to ex-officials leading to an IRS audit all in the last 3 years? Sheesh

All that, and they got the last life raft over us to to conference realignment safety. Smh.

 

[Ewekon]

... and falsified compliance documents:Louisville altered recruiting document before and after Bowen's campus visit

All this proves is that UConn cheated. Release on this from Emmett to follow.

 

[MilliniumPrince]

Wonder if any of that money made its way to decision makers in the ACC

Or key recruits or AAU Coaches or close uncles or assistant coaches paying for strippers and hookers...

So to recap: Louisville has nearly lost accreditation, funneled prosititutes to 16 year olds, fraudulently paid players leading to an FBI investigation, made sketchy payments to ex-officials leading to an IRS audit all in the last 3 years? Sheesh

Luckily they didn't send too many text messages or they would be slapped with lack of institutional control.

 

[Ha Who]

Lack of institutional control?

 

[gtcam]

So to recap: Louisville has nearly lost accreditation, funneled prosititutes to 16 year olds, fraudulently paid players leading to an FBI investigation, made sketchy payments to ex-officials leading to an IRS audit all in the last 3 years? Sheesh

to me - all this is horrible but what UNC did was worse

 

[intlzncster]

to me - all this is horrible but what UNC did was worse

Aaaaand nobody cares about UNC.....crazy but true. smh

 

[Waquoit]

Who cares?

 

[WrenchFan69]

to me - all this is horrible but what UNC did was worse

UNC is really bad in regards to the sport, especially comparing what UConn got for academic issues, but I'll always go with the sexual issues involving minors as worse

 

[August_West]

Agree, the IRS has tools, access and resources others don’t have.

Tax returns?

 

[dennismenace]

Burn it down.

If this is a new avatar the first thing I thought of was "Weekend at Bernie's" and I was trying to recall the scene.

 

[jibsey]

to me - all this is horrible but what UNC did was worse

I pose this question. What kind of team does UNC put on the floor if they disqualify all those who took bogus classes that kept their averages above 2.0 for all those years? How does that compare with our academic punishment ?

 

[freescooter]

Serious question: Do you want the NCAA deciding what course content is acceptable? Because that is what you are asking for in the UNC case. As they say. Bad cases make bad law.

 

[the Q]

Serious question: Do you want the NCAA deciding what course content is acceptable? Because that is what you are asking for in the UNC case. As they say. Bad cases make bad law.

I get your point, but then don’t get involved with APR bull either.

But if academic eligibility is an NCAA issue, then it is clearly related to this.

Fraudulent classes mean that players are defrauding the NCAA to preserve eligibility.

I don’t have the answer, but when you make yourself a part of multiple academic issues, you need to have an answer for all of them...

...Or just get out of them entirely.