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re: The Most Awesome Thread about CamGate

Posted on 11/14/10 at 7:09 pm to
Posted by The Egg
Houston, TX
Member since Dec 2004
79130 posts
Posted on 11/14/10 at 7:09 pm to
quote:

The Cam problem seems to have been a extra gift from FBI wiretaps.
yep, that was just an extra benefit from all of their work, pun intended.
Posted by Tiger Ryno
#WoF
Member since Feb 2007
103046 posts
Posted on 11/14/10 at 7:14 pm to
I have a difficult time believing all of this stuff will be proven or completely come to light but if even half of this correct and proven then I hope aub burns to the ground
Posted by dr smartass phd
RIP 8/19
Member since Sep 2004
20387 posts
Posted on 11/14/10 at 7:16 pm to
quote:

I have a difficult time believing all of this stuff will be proven or completely come to light but if even half of this correct and proven then I hope aub burns to the ground


If the FBI has wiretaps, Auburn will burn.
Posted by Tiger Ryno
#WoF
Member since Feb 2007
103046 posts
Posted on 11/14/10 at 7:21 pm to
Eggo what are alleged to be on the feds wiretaps and what is the connection to gambling and aub and newton?

I could not click the links
Posted by Roaad
White Privilege Broker
Member since Aug 2006
76475 posts
Posted on 11/14/10 at 7:22 pm to
quote:

Eggo what are alleged to be on the feds wiretaps and what is the connection to gambling and aub and newton?

I could not click the links
My guess is that that is where many of the phantom quotes came from. . .ie "the money was just too good"
Posted by dr smartass phd
RIP 8/19
Member since Sep 2004
20387 posts
Posted on 11/14/10 at 7:24 pm to
Here is the 1st link Ry


Lobbyists tied to Universities

By PAUL DAVIS
Owner / President
Updated Oct 21, 2010 - 06:17:09 EDT


advertisement
The lobbying firm of Fine Getty & Associates in Montgomery has its snout in so many troughs that a normal person would think the group would be satiated by now.

Fine-Geddie is the premier lobbying group in Alabama with a client list akin to the Fortune 500. The firm’s leaders are Joe Fine, a former University of Alabama trustee and legislator, and Robert Geddie, an Auburn graduate.

They’ve cut more deals than a blackjack player and now, according to the Department of Justice, one its key lobbyists, Geddie, has been indicted. He has allegedly been working with the state’s major gambling interests to influence a vote favoring the gambling houses.

So serious is the situation that his individual photo and biographical sketch, has been removed from the firm’s internet web page. The day after he was indicted, he took a leave of absence from the firm.

A whopping amount of the money flowing to the firm, almost a million dollars thus far, has been paid by the Auburn Athletics/Tigers Unlimited Foundation.

Some Auburn grads, who send in money which goes to Fine-Geddie, now say they want a review of the ties between the lobby giant and Auburn University. Geddie is tainted by the federal indictment and thus is tainting the University, according to concerns voiced in e-mails making the rounds in cyberspace

Fine Geddie is being paid by the Tigers Unlimited Foundation. A similar agreement exists with the University of Alabama. At Alabama, it's the University Foundation employing Fine Geddie.

Tigers Unlimited is a foundation that exists to raise money for Auburn's athletics program, while the University Foundation's main activity is to supplement the salary of University of Alabama System officials.

Both Universities simply say the contracts are between private corporations and don’t have to meeting public records laws. Several such foundations with similar contracts with lobbyists have been successful sued and forced to open their books. Such action is being considered in Alabama.

Getty was indicted largely on the basis of intercepts of cell phone and land line conversations with those in the alleged pay-for-play scheme.

Asked if the University is going to continue its contracts with Fine Geddie, Deedie Dowdell, who heads the marketing and communications department at Auburn, said there are no plans to end the contracts.

“I believe my fellow contributors to the Tigers Foundation would be outraged at these payments,” the e-mail message from an Auburn grad and a contributor to Tigers Unlimited said.

Tigers Unlimited Foundation files Federal tax form 990 which is for organizations exempt from income tax. Tigers Unlimited has millions of dollars at its disposal and it claims that it does not have to disclose the names of its donors. Dowdell agrees the private organization does not have to reveal its sources of millions of dollars. But most close to the University know who those big-cash donors are, or used to be.

I have looked at the tax forms covering five full years, part of one year and found that forms for 2009-10 and 2010-11 are not available.

Those forms are so complicated it would take a forensic accountant to make heads or tails of them. It’s not just money laundering, it’s more like pressure washing, steam cleaning and then dry cleaning.

In addition to Fine Geddie, the University has its own marketing and communication department that costs AU around a million per year, and a legislative liaison on staff, Sheri Fulford who is paid about$180,000 per year. And the trustees have been known to have another lobbyist for special projects. His name is Rick Hartselle.

All this rumbling, stumbling, lying and cheating is going on as we speak. Talk about public corruption. How obscene is it when it’s not just gambling, but in higher education. A lot of the lobbying by Auburn is on behalf of trustees seeking to hold on to their seats on the board.

We’ll elect a new governor and new lawmakers next month. Shortly thereafter, new trustees will be named at Auburn, maybe six or seven.

Some of the sitting trustees are pouring money into local races to insure that they keep their treasured seats on the board of trustees.

Bobby Lowder, who would like to be a trustee for life, is working as hard as he can to keep his post, although some of his clout may have slipped away when he lost his bank, Colonial. It was seized by the feds.

He has since left Montgomery where Colonial was once headquartered and moved to Auburn. He also holds onto his post as head of the University’s Finance Committee. Can you image a busted banker being in charge of Auburn’s money as head of its finance committee?

Having one of his lobbyists indicted may be the least of Lowder’s worries today. The feds are moving forward quickly toward prosecution of some 50 bank executives and directors of failed banks to recover as much as $1 billion paid out by the Federal Deposit Insurance Corporation. Federal attorneys are already setting up talks with the former bank executives trying to settle as many cases as possible.

Thus far in 2010, 287 banks have been seized by the FDIC. The federal insurance fund has had to cough up almost $12.7 billion to make depositors whole after the banks were seized. Know which was the biggest bank that went down last? It was Lowder's Colonial Banc Group. Lowder also had several of his Auburn trustee buddies and friends sitting on the board of Colonial. They included Jimmy Rane, Pat Dye. Another major stockholder was casino owner Milton McGregor who was talked into taking on another $13 million in shares just months before the bank failed.

The late John Miller, also on the AU board, was the primary attorney for Lowder’s bank and was paid millions. Trustee Paul Spina, who, another former board member, was associated with Lowder’s bank in a lesser capacity. Former trustee Earlon McWhorter, a contractor/builder, also found a friendly banking experience at Colonial where he also borrowed millions.

The late Jimmy Samford, who once headed Auburn trustees, maintained an office in Lowder's building in Montgomery where he engaged in lobbying for Lowder and the bank. The current head of the trustees is John Blackwell who has borrowed millions from Colonial. Ditto for Sen. Lowell Barron, a former AU trustee and the most powerful man in the Alabama Senate.

Lobbyist Geddie has also been working on another project in Lee County. He has supplied thousands to Republican Senatorial Candidate Tom Whatley, some of which supposedly obtained from gambling interests. Whatley says he has not “knowingly” accepted gambling.

Whatley is running against Democrat Sen. Ted Little. Little also has been accused of taking gambling money. He, too, says he has not knowingly done that. Little said he was told his large amount of cash came from the Alabama Education Association.

Little sits on the Senate committee charged with confirming Auburn’s board members, a place where confirmation can be stalled or killed. That’s where lobbyists do their dirty deeds.

Corruption, like beauty, is in the eye of the beholder. I know each one when I see it. Hope you do, too. Election day is almost here.
Posted by dr smartass phd
RIP 8/19
Member since Sep 2004
20387 posts
Posted on 11/14/10 at 7:32 pm to
Link 2 8/31/09

MONTGOMERY -- Colonial Bank founder Bobby Lowder lost almost $164 million in stock value when the bank collapsed over the past two years and the share price ended at zero with Colonial's seizure by regulators, the Montgomery Adveritser reported.

The newspaper said regulatory filings also showed that dog track magnate Milton McGregor invested more than $19 million in the bank in recent years to become its second-biggest stock holder behind Lowder.

Other prominent figures who were large shareholders at Colonial were former Auburn coach Pat Dye, former Frazier United Methodist Church pastor John Ed Mathison and Sam Sippial, who replaced Lowder as chairman in June.

The Advertiser's report Saturday said Lowder, who founded the bank in 1981, held more than 7.6 million shares of stock when regulators seized Colonial on Aug. 14. According to regulatory filings, Lowder held more than six million shares on June 2, 2006, when the price peaked at $26.97 per share, putting his holdings at about $164 million.

Share trades of major holders, officers and insiders are made public by the Securities and Exchange Commission. The Advertiser said the filings show Lowder never sold large amounts of stock as the price plummeted after its peak.

The last major move he made was on April 21, 2008, when he purchased 1 million shares at $8 per share as part of a new stock offering by the company.
McGregor, a Colonial bank director, became Colonial's second-largest shareholder with more than 1.7 million shares, most purchased in the past two years. His last major purchase was on May 23, 2008, when he bought 500,000 shares at $6.37 per share.

Mathison, a member of the bank's board, held more than 66,000 shares of the stock when the bank failed. The Advertiser said some of those shares were acquired recently, but he held 47,637 shares of the stock on June 2, 2006, when they were worth a combined $1,284,769.89.

Sippial, a longtime director at Colonial, held more than 87,000 shares when the bank collapsed. He, too, continued to acquire shares recently. When the stock traded at its highest, his Colonial holdings were worth $1,073,136.30.

Lewis Beville, a longtime director who took over as CEO and president when Lowder stepped down in June, had almost 114,000 shares of stock when the bank failed. He acquired most of that in recent years. When the stock was at its peak, he held almost 19,000 shares with a value of more than $500,000.

Dye, the former Auburn football coach, also was a board member and held 44,560 shares. At their peak in June 2006, the shares were worth about $880,000.

The Advertiser said none of the men could be reached for comment on their losses in Colonial.
Posted by PirateJunk
Tuscaloosa
Member since Mar 2009
2680 posts
Posted on 11/14/10 at 7:48 pm to
FYI for the people who don't live in Alabama. The Milton McGregor guy the article posted above is talking about was indicted by the feds last month for a gambling corruption scheme, along with several Alabama legislators. If Auburn gets tied into this somehow.... Holy shite...

LINK

LINK
Posted by TheSandman
Notasulga
Member since Nov 2010
19411 posts
Posted on 11/14/10 at 7:49 pm to
This entire thread scares the crap out of me.
Posted by bamaboy87
Member since Jan 2009
15163 posts
Posted on 11/14/10 at 7:51 pm to
There's no point in worrying about it right now dude. Just enjoy being 11-0 and going to the SEC Championship in a few weeks. Don't stress over it because if it is going to happen, there's nothing you can do to stop it. Just enjoy your teams success right now
Posted by Roaad
White Privilege Broker
Member since Aug 2006
76475 posts
Posted on 11/14/10 at 7:51 pm to
quote:

This entire thread scares the crap out of me.

Calm down.

I still think AU just has to vacate the season.
Posted by Roaad
White Privilege Broker
Member since Aug 2006
76475 posts
Posted on 11/14/10 at 7:52 pm to
It's like rape. It's going to happen, so you might as well lay there and enjoy it.

--Bobby Knight
Posted by dr smartass phd
RIP 8/19
Member since Sep 2004
20387 posts
Posted on 11/14/10 at 7:56 pm to
quote:

It's like rape. It's going to happen, so you might as well lay there and enjoy it.


After the Fed's get finished gang-banging Auburn, there might still be a little friction left for the NCAA to get sloppy seconds.
This post was edited on 11/14/10 at 7:57 pm
Posted by genuineLSUtiger
Nashville
Member since Sep 2005
72937 posts
Posted on 11/14/10 at 7:57 pm to
It is going to be one of the biggest cheating scandals in history. One of those things that Auburn fans will look back on and mark time and remember things pre-Cam and post-Cam.
Posted by NIH
Member since Aug 2008
112613 posts
Posted on 11/14/10 at 7:58 pm to
quote:

unlike Aubs and Gadsden, and (insert recruit X here) being sold to Bama, this tale of cheating is factual and fatal. I cannot nor will I say anything other than this.

Auburn is going on probation for a very long time. enjoy playing cam yesterday to keep Bama from Atlanta. enjoy playing cam so that you could give your fans a send off to Atlanta. enjoy watching a player who gave your program the finger kneel at the goalpost so your "family" could be fooled again. He and his family could care less about you.

Save it.....repeat it..put in on the bunker.........mark my word and my reputation (which means nothing at all in the true sense of the word after all..this is an internet board for goodness sake..VBG)

You are about to be publically humiliated and punished harder than any College Football team in history..except SMU.

Cam will be stricken from your record books. All wins, championships, and records will be gone. You will spend a decade at the BOTTOM of the SEC West, and financial hits will devastate your entire school (note..not the AD alone).

You will reinforce your reputation as the most corrupt college program in history. You will be forced to change the name of your "field". You will lose to Alabama for a decade if not more. And finally, if leadership can be brought to the forefront, (and yes, this is the only prediction about which I cannot put forth what I consider strong evidence), you will be kicked out of the Southeastern Conference in a unanimous vote.

Enjoy this limited run. And Will Collier..yes I know you will read this post...Hell is REALLY coming to burn your program to the ground. Go ahead and get your "conspiracy theories" ready..go ahead and try to figure out how you can claim championships that were rightfully stipped from you..go ahead and focus on how you will bring down Alabama, your singular obsession in life.

Your hell continues this week..........we here plan to enjoy your pain.


I'm hard.
Posted by baybeefeetz
Member since Sep 2009
31635 posts
Posted on 11/14/10 at 7:59 pm to
Posted by Roaad
White Privilege Broker
Member since Aug 2006
76475 posts
Posted on 11/14/10 at 8:01 pm to
quote:

It is going to be one of the biggest cheating scandals in history
Oh puhleeeze.

They will just call him ineligible, and they will forfeit wins.

The NCAA will under-penalize them, just like they did USC.
Posted by OFWHAP
Member since Sep 2007
5416 posts
Posted on 11/14/10 at 8:05 pm to
The articles that have been posted indicate that this could be much more than Cam Newton's eligibility. Auburn boosters have been getting investigated by the FBI. Phones have been tapped, finances are being looked at.
Posted by GenTso
Magrathea
Member since Jan 2007
530 posts
Posted on 11/14/10 at 8:07 pm to
quote:

unlike Aubs and Gadsden, and (insert recruit X here) being sold to Bama, this tale of cheating is factual and fatal. I cannot nor will I say anything other than this.

Auburn is going on probation for a very long time. enjoy playing cam yesterday to keep Bama from Atlanta. enjoy playing cam so that you could give your fans a send off to Atlanta. enjoy watching a player who gave your program the finger kneel at the goalpost so your "family" could be fooled again. He and his family could care less about you.

Save it.....repeat it..put in on the bunker.........mark my word and my reputation (which means nothing at all in the true sense of the word after all..this is an internet board for goodness sake..VBG)

You are about to be publically humiliated and punished harder than any College Football team in history..except SMU.

Cam will be stricken from your record books. All wins, championships, and records will be gone. You will spend a decade at the BOTTOM of the SEC West, and financial hits will devastate your entire school (note..not the AD alone).

You will reinforce your reputation as the most corrupt college program in history. You will be forced to change the name of your "field". You will lose to Alabama for a decade if not more. And finally, if leadership can be brought to the forefront, (and yes, this is the only prediction about which I cannot put forth what I consider strong evidence), you will be kicked out of the Southeastern Conference in a unanimous vote.

Enjoy this limited run. And Will Collier..yes I know you will read this post...Hell is REALLY coming to burn your program to the ground. Go ahead and get your "conspiracy theories" ready..go ahead and try to figure out how you can claim championships that were rightfully stipped from you..go ahead and focus on how you will bring down Alabama, your singular obsession in life.

Your hell continues this week..........we here plan to enjoy your pain.




WHAT SUBSTANCE!
Posted by The White Lobster
Member since Jul 2009
16764 posts
Posted on 11/14/10 at 8:08 pm to
quote:

You will spend a decade at the BOTTOM of the SEC West

scariest part to me...the NCAA is going to come up with a penalty to knock someone below Ole Miss...
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