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re: **Cam Newton investigation UPDATED Page 1 - 11/5, 1:30am**
Posted on 11/6/10 at 9:14 am to LSU GrandDad
Posted on 11/6/10 at 9:14 am to LSU GrandDad
quote:
they DO NOT GIVE CASH. the IRS stopped that a few years ago. it is also a REQUIREMENT that the church give any donar over a certain limit (i think it $250 or close) a statement IN WRITING acknowledging the donation and that is the basis for the tax deduction. my chuch gives me one every year and they started doing it when the IRS required it.
The tax law has also required, for many, many years, that everyone who has income from whatever source declare it on a tax return and to the extent that net income exceeds certain minimum amounts, to pay tax on it. How's that working out with the "underground economy"? Just because the law requires it doesn't mean that either the donor or the donee is going to create a public record to trace what could readily be identified as an illegal bribe.
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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.
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.
Posted on 11/6/10 at 9:40 am to RobbBobb
quote:
2) Rogers was "helping" to place Cam, only to claim he never had any contact with the school that Cam eventually went to. WTF? How does that work exactly?
If Rogers does "help place players", I doubt it's out of the goodness of his heart. He has to be getting paid from someone.
Posted on 11/6/10 at 11:18 am to Bankshot
This thing is gonna beat the SEC role call thread by 50 pages.
Posted on 11/6/10 at 11:45 am to Rohan2Reed
I was wondering why Cam Newton would come to a shitty university like Auburn. Now I know what it takes for players to come play there, $200,000. 
Posted on 11/6/10 at 11:46 am to cameronml
quote:
What about the idea, according the new AJC article, that he got the money from Cecil Jr who had a contract in the NFL?
That son was on the practice squad for 2009, was cut in August. He had no income, either
Posted on 11/6/10 at 12:16 pm to RobbBobb
You seem to know an awful lot about the financial status of the Newton's. How do you know Cecil Jr has no income? Or does it just fit with your story better to assume that every member of the Newton family sits on their arse and does nothing?
Posted on 11/6/10 at 1:16 pm to cameronml
You ought to know by now that LSU/Alabama fans are experts on EVERYTHING, and especially something as simple as the financial status of people they've never met.
This post was edited on 11/6/10 at 1:17 pm
Posted on 11/6/10 at 1:56 pm to WDChizik
Why do you say Cecil does not have a income just because his church is empty? He also owns a construction company.
quote:
According to ESPN.com, the N.C.a.a. contacted Cecil Newton about a month ago, requesting financial documents. he told the news outlet that he submitted bank statements and other records related to the church. Newton also owns a construction company, according to news reports.
Posted on 11/6/10 at 2:04 pm to highcotton2
Everyone who knows anything is, as of now, saying that Auburn and Cam are in good shape.
Subject to change, but good news.
Subject to change, but good news.
Posted on 11/6/10 at 2:16 pm to Ross
quote:
Everyone who knows anything is, as of now, saying that Auburn and Cam are in good shape.
Subject to change, but good news.
Cam better go Pro if he is a cheater..If not, he better go Pro anyway, because where there is smoke, there usually is fire.
And he will get cat calls from now on.
Posted on 11/6/10 at 2:17 pm to Ross
quote:
but good news.
good news indeed. I'd like to see him win the heisman and for Auburn to continue to win and play Oregon.
Posted on 11/6/10 at 3:57 pm to tiger perry
LATE BREAKING NEWS:
This is all a big misunderstanding. Cecil just wanted Newton to make it as an NFL qb. He thought that getting him a paycheck made him a prostyle qb.
This is all a big misunderstanding. Cecil just wanted Newton to make it as an NFL qb. He thought that getting him a paycheck made him a prostyle qb.
Posted on 11/6/10 at 4:09 pm to oklahogjr
Late Breaking News !!!
AU and it's whole administration is FOS
AU and it's whole administration is FOS
Posted on 11/6/10 at 4:11 pm to memphisplaya
quote:
memphisplaya
U mad
Posted on 11/6/10 at 4:11 pm to memphisplaya
Aren't some people saying Cecil Newton hired an NFL agent to help with the construction ?
Posted on 11/6/10 at 4:12 pm to TheJones
Yep, I'll explain later though. 
Posted on 11/6/10 at 4:16 pm to memphisplaya
quote:
I'll explain later though.
I'll explain now.LSU's offense..
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