Again how would they know, the kid may never even file a tax return yet. Actually can/do scholarship athletes file a tax return? They dont get taxed on their scholarship do they? If they had a PT job that brought in over the amount needed to file a return wouldnt that create a flag for the school?

 

How would they know, really? If journalists, opposing coaches, bloggers and the NCAA are able to uncover these transgressions, I believe the IRS is 'scary' capable of doing the same for this activity that seems to be common knowledge within the NCAA sports community. I'm not talking about the kid that sells a game uni for a tatoo, I'm referring to the bigger transactions (cash, cars, condos).

How would they know, really? If journalists, opposing coaches, bloggers and the NCAA are able to uncover these transgressions, I believe the IRS is 'scary' capable of doing the same for this activity that seems to be common knowledge within the NCAA sports community. I'm not talking about the kid that sells a game uni for a tatoo, I'm referring to the bigger transactions (cash, cars, condos).

 

Again though, how would the IRS know? The IRS is not notified when you buy a car, house, condo, ancient Egyptian artifact, jewelry, dog food at Kroger. They have no idea, unless you report it on your tax return for one reason or another.

Again though, how would the IRS know? The IRS is not notified when you buy a car, house, condo, ancient Egyptian artifact, jewelry, dog food at Kroger. They have no idea, unless you report it on your tax return for one reason or another.

 

You're focusing on the 'buying' aspect of this equation, I'm not. I'm referring to the transfer of money from one person to another as an act of services rendered. There are thousands of IRS agents in the U.S. that are comissioned to investigate such unreported income. There's one person on this BGP board that does this for a living, perhaps he could enlighten you as to their Modus Operandi. As aggressive as states have become in establishing tax nexus for individuals and businesses, I'm surprised this hasn't been pursued.

Again though, how would the IRS know? .

 

Food for thought...

 

In 2003, informant information prompted the IRS to pay $4.1 million in rewards. That was down from fiscal 2002, when $7.7 million in rewards to tipsters led to $66.9 million recovered in taxes, fines, penalties and interest. (The reward/recovery figures do not correlate because a reward is rarely paid in the same year the claim was filed.) The record year was 2000, when $10.8 million went to those who ratted out tax-cheating friends, family and coworkers.

 

While your reward could be handsome indeed, the money actually recovered amounts to a drop in the bucket for the IRS, which may explain the program's relatively low profile.

How do you know? Many many college players that are leaving for the NBA or NFL get these nice cars and such well before they are officially drafted, someone has to give them a line of credit?

 

Exactly. And if Joe Schmo senior can't get that same line of credit then it becomes an improper benefit. If I walk into the same jewelry store and get the same terms Lance Thomas got for 97K in jewelry with 30K down then all is well. If no one else besides Lance Thomas(and other Duke basketball players) can get this particular loan then it is illegal. Places of business can't just give college athletes 97K in jewelry, cars, line of credit for nothing while they are still playing. Had they done this AFTER his playing days were over then fine. It's a no no when they are still playing. That's why Tony Delk waited until AFTER the 1996 championship to be seen driving around in his brand new purple mustang convertible. Of course, there were other nice vehicles the players drove during the season. They just got nicer after the season.

So let's say WWWes sets up the SAT imposter in Detroit. Cal knows nothing? Sky is green? Water is dry???

 

I believe the NCAA stated after their investigation that they believe Cal/Memphis did not know about the alleged cheating. I don't know Coach Cal personally, nor do I know WWW. I also have not read anything stating that WWW set it up. If you have the facts to back that up I'd love to read about it. Not saying you are a liar, just saying I haven't seen it.

Exactly. And if Joe Schmo senior can't get that same line of credit then it becomes an improper benefit. If I walk into the same jewelry store and get the same terms Lance Thomas got for 97K in jewelry with 30K down then all is well. If no one else besides Lance Thomas(and other Duke basketball players) can get this particular loan then it is illegal. Places of business can't just give college athletes 97K in jewelry, cars, line of credit for nothing while they are still playing. Had they done this AFTER his playing days were over then fine. It's a no no when they are still playing. That's why Tony Delk waited until AFTER the 1996 championship to be seen driving around in his brand new purple mustang convertible. Of course, there were other nice vehicles the players drove during the season. They just got nicer after the season.

 

Ron Mercer had a black Isuzu Rodeo that was sharp! And he drove that during the 1996-97 season. Had a license plate on the front with "Air Pair" written on it (nickname some used for he & Derek Anderson).

 

Tony Delk also had more shoes than Imelda Marcos.

Ron Mercer had a black Isuzu Rodeo that was sharp! And he drove that during the 1996-97 season. Had a license plate on the front with "Air Pair" written on it (nickname some used for he & Derek Anderson).

 

Tony Delk also had more shoes than Imelda Marcos.

 

Walter McCarty had a boatload of shoes too. They lined up his room during summer school(when the bball celebs had to share a dorm with us) and his room smelled like sweaty feet and he still entertained some of the most beautiful women on campus in that smelly room. Still mad about that today. My room smelled like...uh....Doritos, beer and herbs.

 

Antoine Walker drove a green Isuzu Rodeo and Walter McCarty had a tan Ford Explorer(Eddie Bauer). Tony Delk would drive their vehicles from time to time.

 

 

Roderick Rhodes had a bicycle. :lol:

 

 

Just kidding about Roderick. He was and is my favorite UK player EVER. He was done so wrong.

You mean poor little sweet innocent victim UK and Coach Cal. The NCAA is always picking on us.:cry::cry:

 

#freeEnes

:notworthy: No, I mean it just "couldn't" be Duke that did wrong. I mean absolutely no way, right? :lol:

:notworthy: No, I mean it just "couldn't" be Duke that did wrong. I mean absolutely no way, right? :lol:

 

Could be. Guess we'll see.

Heard on the radio today that there is an NCAA rule that explicitly says players may not receive loans or give IOU's during their playing days that are payable after their NCAA career is over. If that is a rule you have to imagine that it was covered with the players by the compliance people at Duke with all players.

 

What I think: He broke the rule by receiving this loan/deal. Duke wasn't aware of it and didn't condone it, but I think they will end up getting some kind of penalty. No one will be happy with the outcome, Duke fans will say "Hey he did this on his own why are we getting punished?" Non-Duke fans will think any penalty short of the Death Penalty is the NCAA looking the other way or letting Duke off of the hook.

Heard on the radio today that there is an NCAA rule that explicitly says players may not receive loans or give IOU's during their playing days that are payable after their NCAA career is over. If that is a rule you have to imagine that it was covered with the players by the compliance people at Duke with all players.

 

What I think: He broke the rule by receiving this loan/deal. Duke wasn't aware of it and didn't condone it, but I think they will end up getting some kind of penalty. No one will be happy with the outcome, Duke fans will say "Hey he did this on his own why are we getting punished?" Non-Duke fans will think any penalty short of the Death Penalty is the NCAA looking the other way or letting Duke off of the hook.

 

As a non-Duke fan I don't think they deserve the death penalty, even if he was in the wrong.

Duke more than likely didn't know what this young man was doing. UMass and Calipari also didn't know what doing Camby was doing with his transactions either. But it didn't help UMass. The NCAA dropped the hammer and stripped them of their Final Four, among other penalties. Unless things have changed since the Camby incident, I don't see how Duke gets a free pass here.

Why should it be a concern of the NCAA how a business chooses to establish/give out credit to its customers. Since when does the NCAA oversea commerce?

 

Ask Ohio State how that turned out with tattoos.

This Duke fan says if he is found to have done wrong then penalize the school and Coach K accordingly. It's only fair.