Federal Tax Agents

[OriginalCanesCanesCanes]

My optimistic, wishful thinking side hopes that what OP is saying is true.

But OP has been saying this for years now, where are we?

And others have mentioned, who leaks details about an ongoing federal investigation? Does not seem plausible that someone would be posting some specific information about such an an ongoing investigation.

I seriously doubt that OP really knows anything, but hope I’m wrong.

 

[TheOriginalCane]

I think our concern is the kind of kid who got the extraordinary remuneration. Thinking of maybe a certain former AH DB or one named Rique. If course I just know what I read here. I have no knowledge of whether they got remuneration.

Setting aside the UM recruit angle, the FBI and the IRS are clearly targeting the big payors (shoe companies) and the big recipients (top recruits). They don't have the resources to hit 128 Division I programs at the same time. I think that THEY THINK that if they nail the big guys, everyone else will panic.

Honestly, I still there will continue to be a lot of "smaller bags" being circulated.

As people have noted from the prior discussion, it's a lot easier to spread around $9,999 (don't have to fill out the form for $10K-and-over transactions) than it is to pay a kid $100K to go to your school. And it is a lot easier to hide and deny the smaller transactions.

 

[TheMatador]

Did u read the report?

I skimmed a good amount of Part II, on obstruction. My hunch is that a lot of "obstruction" was just Trump talking, but didn't follow through. It was what you might call inchoate. I do know a bit about the part of Title 18 that concerns obstruction because I've seen it---by government attorneys. Hence, I've studied those provisions. Classic case of obstruction would be destroying emails that have already been subpoenaed, but I will drop this, because I don't want to get warned for getting into politics.

 

[TheMatador]

My optimistic, wishful thinking side hopes that what OP is saying is true.

But OP has been saying this for years now, where are we?

And others have mentioned, who leaks details about an ongoing federal investigation? Does not seem plausible that someone would be posting some specific information about such an an ongoing investigation.

I seriously doubt that OP really knows anything, but hope I’m wrong.

I'm beginning to think that. Wishful thinking.

 

[TheOriginalCane]

OK. You obviously know more than I do.

I don't mean to come off like an ***, but I've been working for publicly traded corps for 15 years, and I go to the CPEs and I listen to the conference calls. I'm actually the treasurer of my corp's PAC too. This has nothing to do with being a D or an R, it's just the math of it all.

And if you think about it, corporate profits would have to go up 67% just to get the SAME tax revenue. Do the math, 35% of $100 equals $35. In order to get $35 of tax revenue at 21% rates, a corporation would need to earn $167 in profits.

And there is no way in **** that corporations suddenly made 67% more annual profit in only 1 or 2 years. It just didn't happen.

Corporate profits are up a bit, but not 67% higher across the board.

 

[TheMatador]

Setting aside the UM recruit angle, the FBI and the IRS are clearly targeting the big payors (shoe companies) and the big recipients (top recruits). They don't have the resources to hit 128 Division I programs at the same time. I think that THEY THINK that if they nail the big guys, everyone else will panic.

Honestly, I still there will continue to be a lot of "smaller bags" being circulated.

As people have noted from the prior discussion, it's a lot easier to spread around $9,999 (don't have to fill out the form for $10K-and-over transactions) than it is to pay a kid $100K to go to your school. And it is a lot easier to hide and deny the smaller transactions.

That's OK. Because I think we can compete with the smaller bag games, not by matching, but by offering less tangible lawful benefits, like quality small school, beautiful city, media exposure, program with exciting tradition that is coming back, etc.

 

[SWFLSWAGG17]

Al Capone says Hi!

Al Capone was on Twitter or FB?

 

[TheOriginalCane]

My optimistic, wishful thinking side hopes that what OP is saying is true.

But OP has been saying this for years now, where are we?

And others have mentioned, who leaks details about an ongoing federal investigation? Does not seem plausible that someone would be posting some specific information about such an an ongoing investigation.

I seriously doubt that OP really knows anything, but hope I’m wrong.

I completely understand where you are coming from, and I share your feeling on "leaks".

Having said that, the FBI investigation of adidas has changed the game.

Also, the government always moves slowly. I've had 1-year tax audits that take 3 years. Why? It didn't take me a year to do the return, why does it take them 3 years to audit my company?

But your caution is duly noted, and we need to see the government actually follow-through before we start to believe.

 

[SWFLSWAGG17]

Ignorance of the law is not a plausible defense tho

In a statute like that you have to knowingly be trying to defraud the IRS. That doesn't mean they are off the hook for paying the taxes after the fact along with the gorilla math interest that goes with it.

 

[OriginalCanesCanesCanes]

I completely understand where you are coming from, and I share your feeling on "leaks".

Having said that, the FBI investigation of adidas has changed the game.

Also, the government always moves slowly. I've had 1-year tax audits that take 3 years. Why? It didn't take me a year to do the return, why does it take them 3 years to audit my company?

But your caution is duly noted, and we need to see the government actually follow-through before we start to believe.

I’m not saying it’s not possible, it certainly is plausible. But I’m just a skeptic when it comes to someone involved with an actual investigation just randomly telling other people what they’re doing. It generally doesn’t work that way. And when you do have leaks, like in Washington, they are for a reason, for a purpose.

There is no doubt in my mind that enough exists, for actual investigations and prosecutions including tax violations, RICO type crimes, etc. The question is, how reliable is THIS info.

 

[SWFLSWAGG17]

Link

https://www.cnn.com/2019/04/18/politics/full-mueller-report-pdf/index.html

The ONLY part of the report that is not available for Congress to see in a secure area is Grand Jury info. Which, BTW is 100% illegal to disclose without getting an order from a judge. I'm not being partisan here, truth is they are smearing A.G. Barr because of the stuff about the investigation that will come out and they can't have him looking credible. It's a shame. Don't take my word, please check it out for yourself.

 

[OriginalGatorHater]

My optimistic, wishful thinking side hopes that what OP is saying is true.

But OP has been saying this for years now, where are we?

And others have mentioned, who leaks details about an ongoing federal investigation? Does not seem plausible that someone would be posting some specific information about such an an ongoing investigation.

I seriously doubt that OP really knows anything, but hope I’m wrong.

Are you kidding?????? The IRS always breaks the news of upcoming investigations on internet message boards! If only Al Capone had paid his monthly CIS fee back in the day. He would have seen the IRS coming from a mile away and beat the case.

 

[SWFLSWAGG17]

So after endless amount of pressure and the Top Prosecutor in the country possibly going to Jail

They finally got the full report yesterday, gotcha
[/QUOTE
That is factually incorrect. A.G. Barr could have released nothing but a report to Congress and been completely within the law. He released everything under his power in the interest of the Nation.

 

[Drewny1]

My optimistic, wishful thinking side hopes that what OP is saying is true.

But OP has been saying this for years now, where are we?

And others have mentioned, who leaks details about an ongoing federal investigation? Does not seem plausible that someone would be posting some specific information about such an an ongoing investigation.

I seriously doubt that OP really knows anything, but hope I’m wrong.

Years? It hasnt even been a year since I first brought this up

 

[OriginalCanesCanesCanes]

Years? It hasnt even been a year since I first brought this up

I thought you first brought this up sometime in 2017. Am I wrong?

 

[Drewny1]

I thought you first brought this up sometime in 2017. Am I wrong?

No I brought this up during the season last year

 

[Unsider]

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.

I agree with this thread in the systemic sense. But your point about “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” makes sense because if no one takes the bait, the bag men will be left with no takers. Also, if their kid is as good as the bag men indicate, enough for them to pay, then the kid does have a good future (unless he end up playing for a Nofritos kind of a coach), but the difference between playing for the U under MD and playing under the mess at U-Fk, doesn’t make sense for a payoff.

 

[Bunker Mentality]

A major operation of this magnitude would NEVER leak...check your source.

All it takes is somebody getting pinched for something unrelated and rolling to stay out of jail.

 

[canesproponent]

Technically, you can give a gift for any amount, you just have to file a gift tax return. $14K is the "exemption" amount. If I give you a gift of $10K, I don't have to file a gift tax return. If I give you a gift of $20K, I do have to file.

Yes. True. 100% correct, BUT the University of Georgia gave Sony Michel a $200,000 gift and he never paid taxes on the $186,000. This does not include free rent for his family and other ancillary services.

Any "gifts" over $14,000 are taxable and the IRS has received $0 from families and players benefiting from the Foundation's largess. Easy way for the IRS to pick up a few hundred million. Attack 60 universities and offer to settle for $5M a school. They will all pay because their diplomas are worthless and they subsist on footbal!

Look at the opioid lawsuits........................

 

[Canefam]

Setting aside the UM recruit angle, the FBI and the IRS are clearly targeting the big payors (shoe companies) and the big recipients (top recruits). They don't have the resources to hit 128 Division I programs at the same time. I think that THEY THINK that if they nail the big guys, everyone else will panic.

Honestly, I still there will continue to be a lot of "smaller bags" being circulated.

As people have noted from the prior discussion, it's a lot easier to spread around $9,999 (don't have to fill out the form for $10K-and-over transactions) than it is to pay a kid $100K to go to your school. And it is a lot easier to hide and deny the smaller transactions.

i'm going to start shorting their stocks tomorrow...