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Ole Miss making more headlines.
Posted on 12/31/18 at 4:43 pm
Posted on 12/31/18 at 4:43 pm
The Associated Press
OXFORD, Miss. —
The University of Mississippi has agreed to return most of the $400,000 its athletic foundation was given by a businessman who pleaded guilty to a $100 million Ponzi scheme.
Alysson Mills, the federal receiver appointed to try to get back investors' money, said that the university has agreed to return $310,000 donated by Arthur Lamar Adams, according to the Clarion-Ledger. A recent report from Mills said that's in addition to nearly $40,000 already returned for unused football and baseball tickets.
The university and foundation were not involved in the scheme.
Mills said Adams gave $402,000 over 10 years to the athletics foundation.
Mills said a proposed settlement with Ole Miss will end any action against the university.
She said Adams got about $52,000 in "tangible benefits," including events tickets that he used.
OXFORD, Miss. —
The University of Mississippi has agreed to return most of the $400,000 its athletic foundation was given by a businessman who pleaded guilty to a $100 million Ponzi scheme.
Alysson Mills, the federal receiver appointed to try to get back investors' money, said that the university has agreed to return $310,000 donated by Arthur Lamar Adams, according to the Clarion-Ledger. A recent report from Mills said that's in addition to nearly $40,000 already returned for unused football and baseball tickets.
The university and foundation were not involved in the scheme.
Mills said Adams gave $402,000 over 10 years to the athletics foundation.
Mills said a proposed settlement with Ole Miss will end any action against the university.
She said Adams got about $52,000 in "tangible benefits," including events tickets that he used.
3
Posted on 12/31/18 at 4:56 pm to MullenBoys
And you KNOW they’d already spent a lot of it on new hoods and crosses.
Posted on 12/31/18 at 5:01 pm to PhilipMarlowe
Peanuts.
Posted on 12/31/18 at 5:05 pm to MullenBoys
quote:
The university and foundation were not involved in the scheme
A person not involved with the university whose only connection was donating to the foundation?
STOP THE PRESSES!!
This post was edited on 12/31/18 at 5:06 pm
Posted on 12/31/18 at 5:08 pm to MullenBoys
quote:
MullenBoys
SEC Rant, this is exhibit A showing that State has a true inferiority complex. They have a game tomorrow and this redneck is posting about this shite like it really has anything to do with Ole Miss.
Posted on 12/31/18 at 5:36 pm to ABearsFanNMS
Doesn’t have anything to do with Ole Miss?
Are you illiterate?
Are you illiterate?
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