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re: **Cam Newton investigation UPDATED Page 1 - 11/5, 1:30am**
Posted on 11/6/10 at 9:22 am to RobbBobb
Posted on 11/6/10 at 9:22 am to RobbBobb
I'm no financial expert, but couldn't Cecil Newton have just taken out a loan to do the $50,000 in necessary repairs? Why does everyone assume the money is dirty? People/businesses need large sums of money all the time, and last time I checked a loan was a pretty common and legal way to get sudden influx of funds.
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Posted on 11/6/10 at 9:31 am to cameronml
quote:
I'm no financial expert, but couldn't Cecil Newton have just taken out a loan to do the $50,000 in necessary repairs?
Tight economy. Cecil would have to show several months of bank account statements to secure a loan, which with no congregation, no income would be shown.
No income, no loan.
Also, with a loan, all the repairs would have had to be done once. Not over three separate months.
Appears that the deal for Cam was performance based.
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