buckeyesin07
Veni. Vidi. Vici.
Jaxbuck;1935237; said:But like you said, an hour on the intertubes and you couldn't find anything.
Ignoring inconvenient facts is a scUM logic hallmark. Try to keep up.
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Jaxbuck;1935237; said:But like you said, an hour on the intertubes and you couldn't find anything.
germ;1935023; said:Really, can we see some NCAA documentation on the above? I have not seen any, so I would like to see it.
germ;1935229; said:2001 it was looked into by NCAA.
Jaxbuck;1935237; said:Where have you been looking?
Link
Now I know the inevitable "I gotcha" moment occurs in your mind because its not from the official NCAA News Agency that you seem to think exists but its certainly something.
There is also an easy to find USA Today article floating around that summarizes the case as it pertains to Woodson and his eligibility the same way.
a highlight:
So again while not directly from your NCAANA its two different accredited news articles from about the same time saying about the same thing.
But like you said, an hour on the intertubes and you couldn't find anything.
Woodson began a relationship with Summit before his college career ended, a violation of NCAA rules. Woodson, an Ohio native, was one of the few clients of the Columbia firm without ties to South Carolina.
From an article about the SI agents article accusing Holmes of taking cashSummit used its relationship with Woodson to secure nearly $20,000 in loans from Ann Arbor lenders, money that apparently was never repaid.
The NCAA appears unlikely to investigate the Woodson matter because the alleged violations occurred nearly four years ago. And although Woodson is a would-be perpetrator of NCAA violations, he is merely considered a victim in the federal investigation. So the intent of the investigation is not to uncover NCAA rules violations.
...back to the freep articleLuchs said he and a partner met with Holmes in November of 2005 about representing the player. Luchs said Holmes told him he was already getting money from another agent, who was also taking care of his family. Holmes has denied the allegation.
Because the alleged payments come outside the four year statute of limitations set by the NCAA, there would have to be extenuating circumstances to open an investigation.
BTW, they looked into it briefly and then suspended the investigation, even though there were financial records linking Woodson to airfare and the firm's credit card paying for the suit/coat.The State, a newspaper in Columbia and a corporate sister of the Free Press, reported this month that it found receipts showing Woodson received more than $13,000 in clothing from Summit before his Heisman ceremony. The paper also reported that Summit flew Woodson to South Carolina in May 1997, several months before his Heisman-winning junior season began.
U-M said it is investigating the matter.
"We consider this a serious accusation, and we will make sure we have all the facts," U-M coach Lloyd Carr said Thursday.
Were the May and December contacts with Summit the only ones Woodson had as a Wolverine? When did their relationship begin? Did Woodson really sign with Summit the day after the Rose Bowl _ before he had declared for the NFL draft? Or did they have an agreement while he was still a Michigan cornerback?
Woodson isn't talking. His agent, Carl Poston, isn't talking. And Jones and Brown, buried beneath a pile of indictments, sure aren't talking.
This is where it turns from an agent doing agent things (read suspicious) to a scumbag scamming people out of moneySigning Woodson was a huge coup for the fledgling agency, and Summit's managers knew it. When they were looking for loans, Jones and Summit essentially used their relationship with Woodson as collateral. They had a signed letter from Woodson acknowledging that Summit could represent him in third-party transactions. The letter was dated Jan. 7, 1998.
Now, flash back to that Heisman ceremony. There was Woodson, in a suit he allegedly hadn't paid for, with an agent he wasn't supposed to be so close to.
Four months later, in April 1998, Savarino lent Jones about $4,500. Savarino, who organizes the Jim Harbuagh-Charles Woodson charity golf outing in Ann Arbor every summer, said he trusted Jones with the loan largely because of Jones' relationship with Woodson. Savarino said he never saw the money again.
A few days after borrowing from Savarino, Jones took out a $15,000 consumer loan for Summit from Ann Arbor Commerce Bank. As he did with Savarino, Jones used the Woodson relationship as collateral _ this time in writing.
As part of his application, Jones said he was due 2.5 percent of Woodson's NFL earnings and 20 percent of his endorsement earnings. In fact, Summit was due only 10 percent of Woodson's endorsement earnings, the indictments alleged.
And when Woodson signed a six-year, $14.5-million contract with the Oakland Raiders in July 1998, Poston, not Summit, negotiated the deal. It's unclear if Summit ever had a contract with Woodson to negotiate with the Raiders. In the indictments, Summit is accused of overstating its function and relationship with Woodson.
Jones and Brown represented such South Carolina athletes as baseball player Pokey Reese and football players Stephen Davis and Victor Riley. Davis told the Columbia newspaper that he took cash from Summit while he was a star running back at Auburn.
But Woodson was Jones' cash cow when he obtained the bank loan in Ann Arbor. Jones did not make proper payments on the loan, which was closed in December 1998, with a negative balance of $16,024.48. Eventually, the bank sued Jones in Washtenaw District Court and received a judgment of $17,255.67 in May 1999.
Woodson maintained personal control of the line; without Woodson's faxed authorization, Jones wasn't supposed to withdraw a dime. Woodson used it to buy a couple of vehicles and made a down payment on a home for a relative.
Investigators said Jones had Lewis make a $125,000 draw against Woodson's line of credit in February 1999 _ without Woodson's authorization. The money was allegedly used to repay some of the client accounts that had been misused.
Afterward, Lewis apparently became concerned and tried to persuade Jones to get Woodson's authorization for the withdrawal. Jones, apparently knowing that Woodson would never go along with an after-the-fact authorization, never asked the star.
When Summit collapsed, Woodson _ who is "strictly a victim" in the credit union affair, investigators said _ reviewed his accounts and discovered the $125,000 withdrawal from the credit union. He then went to the authorities.
Woodson, in fact, should not have been allowed even to open an account with the credit union, which is intended only for educators. Lewis is accused of misusing credit union funds by setting up loans and lines of credit for professional athletes.
germ;1935724; said:No wonder I could not find the damn thing, a USC board.
Interesting read, thx for posting it.
germ;1938015; said:Is it true? I do not know, those two agents seem pretty shady, but what was chuck doing signing with them?
Summit used its relationship with Woodson to secure nearly $20,000 in loans from Ann Arbor lenders, money that apparently was never repaid.