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re: BREAKING Joe Schad claiming second autograph broker involved

Posted on 8/5/13 at 1:15 pm to
Posted by CGSC Lobotomy
Member since Sep 2011
81091 posts
Posted on 8/5/13 at 1:15 pm to
quote:

I doubt JFF was stupid enough to deposit a 5 figure check into his account.


Especially since banks put a hold on any deposits over $5,000.
Posted by The Egg
Houston, TX
Member since Dec 2004
79330 posts
Posted on 8/5/13 at 1:17 pm to
unless there are multiple checks under 5k
Posted by Vegas Bengal
Member since Feb 2008
26344 posts
Posted on 8/5/13 at 1:18 pm to
Manziel confirmed this meeting with the guy at the hotel in Alabama the day before the game.

quote:

But Manziel talked about his meeting with the autograph broker in Alabama during our July 26 interview. Manziel said it happened shortly after the team arrived at its hotel on Nov. 9, as he and teammate Swope were getting settled into their room.

The broker himself told ESPN that Manziel signed for free in the hotel room, so that isn't the issue here. At issue is whether Manziel or Fitch asked for and/or received money for autographs at any point afterward. That is what the NCAA wants to know, and the answer likely will determine whether Manziel will be allowed to follow up on his Heisman Trophy-winning redshirt freshman season.


Read More: LINK
Posted by spacewrangler
In my easy chair with my boots on..
Member since Sep 2009
9758 posts
Posted on 8/5/13 at 1:22 pm to
quote:

Especially since banks put a hold on any deposits over $5,000.


LOL, no they don't . I routinely deposit checks greater than that with no hold. Now there are times when a bank will hold releasing the funds untul the check clears, in my experience it is over $10k and they hold the amount over what you already have in the bank.

Now, Any cash deposit over a certain amount($7-$10k) require additional paperwork to be signed. This is part of anti money laundering/terrorist laws.

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