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re: NIKE subpoenaed by FBI
Posted on 9/27/17 at 1:07 pm to randomways
Posted on 9/27/17 at 1:07 pm to randomways
quote:
Kinda is. The government's job isn't done when the investigation is done. They still have to prosecute and fight their way through high-powered lawyers, endless delays, and political pressure. That's where the bottomless pockets come in.
what is the FED conviction rate?
2
Posted on 9/27/17 at 1:07 pm to 19812016
quote:
adidas and under armour are poor
Addidas had a 2016 gross income of 9 BILLION on 19.29 BILLION in sales.
They're not as big as Nike (32B in sales), but they're far from poor.
And as far as buying their way out, Bernie Madoff had a net worth of $17B and he's in prison right now.
Posted on 9/27/17 at 1:08 pm to AU24
Nike has Jordan, KD and Bron. Why in the hell do they need to fish for the up and comers? Their name alone will draw the top athletes. Adidas and UA are playing from behind and need to get a jump on the next wave of kids so I can understand them getting out ahead and doing this.
Posted on 9/27/17 at 1:09 pm to AU24
Bama football bout to get that death penalty!
Posted on 9/27/17 at 1:09 pm to MontyFranklyn
quote:
Why in the hell do they need to fish for the up and comers?
Because they need the next Jordan, KD, and Bron.
Posted on 9/27/17 at 1:09 pm to JustGetItRight
quote:
quote:
adidas and under armour are poor
Addidas had a 2016 gross income of 9 BILLION on 19.29 BILLION in sales.
They're not as big as Nike (32B in sales), but they're far from poor.
And as far as buying their way out, Bernie Madoff had a net worth of $17B and he's in prison right now.
Pffft 19 billion in sales, fricking poors!
Posted on 9/27/17 at 1:09 pm to MrAUTigers
quote:
what is the FED conviction rate?
It's way into the 90s.
Having said that, money helps for sure BUT these companies aren't going to be spending it to defend these executives. They'll be spending it to put them under the bus so the feds keep digging.
Nike will gladly sacrifice a couple of upper level managers to appease the feds.
Posted on 9/27/17 at 1:09 pm to randomways
quote:
Kinda is. The government's job isn't done when the investigation is done. They still have to prosecute and fight their way through high-powered lawyers, endless delays, and political pressure. That's where the bottomless pockets come in.
Like others have pointed out, the part that everyone should worry about is that the NCAA is basically having the FBI do all of their investigative work. Nike may be able to fend of a lot of the federal stuff, but the NCAA will be very well equipped to do their thing.
The best thing that can happen is for pretty much everyone to get caught.
Posted on 9/27/17 at 1:12 pm to AA7
I know, I was just taking a shot at adidas and under armour
Posted on 9/27/17 at 1:12 pm to AU24
quote:
NIKE subpoenaed by FBI
Oregon friiiiiiiiiicked
Posted on 9/27/17 at 1:12 pm to Crowknowsbest
quote:Their name recruits for itself. They have had the basketball shoe game cornered for over 30 years. They just have to ask for a meeting to present what they can offer and a huge check and it may be a done deal.
Because they need the next Jordan, KD, and Bron.
Posted on 9/27/17 at 1:13 pm to MontyFranklyn
quote:
Nike has Jordan, KD and Bron. Why in the hell do they need to fish for the up and comers?
How do you think they got these players in the first place?
Sonny Vaccaro, do some research on him.
Posted on 9/27/17 at 1:19 pm to JustGetItRight
quote:
It's way into the 90s.
Having said that, money helps for sure BUT these companies aren't going to be spending it to defend these executives. They'll be spending it to put them under the bus so the feds keep digging.
Nike will gladly sacrifice a couple of upper level managers to appease the feds.
That was essentially my point. They're going to gather all this evidence, but they're not going to bring down Nike itself or the PTB. Nike and top executives will shield themselves, and that's because they have lots and lots of money.
One assumes that prosecution rate relies heavily on people who aren't billionaires, like mid-level drug dealers, terrorists, kidnappers, RICO violators, etc. They can bring big fish down, but what big fish are they going to go after for crimes that don't even sniff the stratosphere of, say, Enron executives? ANd remember all those bank and Wall Street people who got thrown in jail during the last recession? Yeah, me neither.
Posted on 9/27/17 at 1:23 pm to MontyFranklyn
quote:
Their name recruits for itself. They have had the basketball shoe game cornered for over 30 years. They just have to ask for a meeting to present what they can offer and a huge check and it may be a done deal.
Because if Adidas offers a bigger check, they will lose the deal.
Nike isn't so much bigger than other companies that they can get complacent. Steph Curry and Tom Brady signed with Under Armour, for example.
Posted on 9/27/17 at 1:24 pm to AU24
Pull up the Nike EYBL page and see what player pops up on screen. Sorry bama fans.
Posted on 9/27/17 at 1:39 pm to TiggerWoods
quote:
Pull up the Nike EYBL page and see what player pops up on screen. Sorry bama fans.
Enjoy your shiny arena all empty for years to come.
Not a damn thing is going to happen to Nike or Bama.
Adidas got desperate, you do dumb shite when you get that way.
Posted on 9/27/17 at 1:40 pm to Bamadoc
quote:
Not a damn thing is going to happen to Nike or Bama.
The FEDS were just in the neighborhood.
Posted on 9/27/17 at 1:42 pm to MrAUTigers
quote:
The FEDS were just in the neighborhood.
The feds do a mass sweep all at once so others won't destroy evidence. Wouldn't you think the feds working on something for 2 yrs would wait a little longer to get the goods on everybody and get them all at once.
Please
This post was edited on 9/27/17 at 1:43 pm
Posted on 9/27/17 at 1:44 pm to Bamadoc
quote:
The feds do a mass sweep all at once so others won't destroy evidence. Wouldn't you think the feds working on something for 2 yrs would wait a little longer to get the goods on everybody and get them all at once.
Please
Or maybe they just got access to these agents computers? The FEDS can't just get a warrant for the hell of it. They had to have a reason, and a court order, to confiscate Nike property.
This post was edited on 9/27/17 at 1:45 pm
Posted on 9/27/17 at 1:47 pm to MrAUTigers
Look, I am for one think AU didn't benefit from this "raid". But you have to admit that the feds are tying up loose ends now.
NCAA? As a Bama fan you can never tell what they will do
NCAA? As a Bama fan you can never tell what they will do
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