“Makes no sense.”

Man, and we thought SEC bag men were state of the art.

They’re probably taking notes, though.

10 Comments

Filed under Academics? Academics., It's Just Bidness

10 responses to ““Makes no sense.”

  1. Hogbody Spradlin

    Does it say anywhere in there whether the kid knows which end of the sword to point?

    Like

  2. Doug

    Serious question to those who know more about the law than I do—can stuff like this be charged as money laundering? I mean, it’s basically a bribe they’re trying to conceal as something legit. Seems like something they might have cribbed from the TV show “Ozark.”

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    • Normaltown Mike

      I’m not an accountant but I do pretend to be a lawyer. I’ve passed papers around the conference table a thousand times and undoubtedly there have been some instances where the seller inflated the price and gave $$ back to the buyer. So long as it’s disclosed on the HUD-1, it was fine. If it were done outside closing, it would be fraud (the major caveat being if the deal was all cash). Assuming the seller accounted for the proceeds on his tax return, I don’t see how he committed fraud in the sale.

      Real estate is NOT an efficient market. Which is to say, there are massive price swings based upon the desires of buyers and sellers of each specific piece (as opposed to shares of KO, which are readily ascertainable)

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  3. Mayor

    “There are a million stories in the naked city.” How deep do we want to go and how far back? Why do you think all those Ivy League schools have those huge endowments? Rich people have been bribing their way into Harvard and Yale and the rest of the Ivies for years. Did you think Brooke Shields got into Princeton on merit?

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    • Mayor

      Or Jodie Foster getting into Yale? Or Ashley Judd? Those are just a few high profile ones. What about George W. Bush? He got into Harvard Business School with a flat 2.0 undergrad average. How many rocks should be kicked over? And how far back?

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      • ASEF

        IT’S ALL THE SAME THING!

        An admissions committee taking the larger interests of the university into account (celebrity status, political connections, donations) is the properly charged body doing what it is supposed to do. Coaches using their position for personal gain by tricking the admissions committee is not the same thing.

        If Kirby grants a preferred walk on spot to a player whose dad kicks $75,000 into a fund, cool. Kirby grants a preferred walk on spot to a kid whose dad kicks $75,000 into Kirby’s bank account, not cool.

        Pretty simple

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  4. Bulldog Joe

    Pfft. Too much of a paper trail.

    How ’bout some no-interest Colonial Bank ‘mortgages’, tax-deductible church donations, ‘renovations’, clothing and vehicle donations, team chaplain student outreach programs, inflated COA stipends, family scholarships, casino ‘winnings’, or just plain ol’ cash?

    SEC! SEC! SEC!

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  5. Russ

    Meh, this seems like SOP to me. The kid had good credentials, was a decent fencer and the guy seems like a rich Little League dad, throwing his money around. Would he have gotten in on his own? Probably not, so dad to the rescue.

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  6. The Dawg abides

    The funniest story being used currently by Auburn and Florida fans to explain our recruiting success is a doozy. The claim is that UGA boosters are selling large tracts of land in South Georgia to signee’s families at ridiculous prices, then setting them up as hunting preserves and boosters from all over the state are paying big prices to “hunt” there. It actually sounds like something in which an Auburn fan has had some experience.

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