GT probe

"But Radovich said Tech's athletics department does not give student-athletes information about student loans or provide a list of loan providers."

Don't worry GeeTee, this will all blow over. Gotta love when a story is reported before it's an actual story. Good 'ole AJC.
 
this kick back crap makes me want to throw up. I think the feds should look into as well. It "smells" criminal if you ask me.

If you use your job to receive "booty" and then push a certain product and you are at a University.....

I am telling you a jury can understand if you receive 10k or etc....

also I wonder if these perks were reported to the IRS...

I would be concerned if I was involved in this b/c w/ the rising cost of college education if they catch an admin taking $$$ under the table it could mean a jail sentence.
 
law_bee said:
this kick back crap makes me want to throw up. I think the feds should look into as well. It "smells" criminal if you ask me.

If you use your job to receive "booty" and then push a certain product and you are at a University.....

I am telling you a jury can understand if you receive 10k or etc....

also I wonder if these perks were reported to the IRS...

I would be concerned if I was involved in this b/c w/ the rising cost of college education if they catch an admin taking $$$ under the table it could mean a jail sentence.
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Unless they can find some smoking gun, this appears to me simply a case of a company buying advertising through ISP. If that's illegal, maybe there should be a list of all the things that can't be advertised on websites?

I agree that if there are any kick backs to employees that's a serious issue. But until I see something that leads me to think that Tech either a) signed a deal with the company or b) received any kickback, it's a non story as far as Tech athletics is concerned.
 
it is NOT a GT or Auburn or Harvard issue.

My understanding is CERTAIN admins at some schools (possibly GT) were taking cash, and or gifts to push the giver's product.

I suspect the giver has rolled over and they know what was given and who it was given to.

Kickbacks

What are kickbacks?

Kickbacks are payments or other types of compensation made in order to influence and gain profit from an individual or company. Essentially, kickbacks are bribes. An individual or company uses kickbacks to gain an unearned advantage, benefit, or opportunity, even if others are more qualified or offer more competitive prices. A relatively simple but serious type of white collar crime, kickbacks hurt business by interfering with the functioning of competition in the marketplace.
What industries are prone to kickbacks?

Kickbacks are often associated with governmental, and especially procurement, fraud. The crime is committed in a variety of settings, however, including the healthcare industry and employee benefit or pension plans.
Here are some examples of how illegal kickbacks may be used:
  • A building contractor might kick back part of what he is paid to the government official responsible for selecting his company for the job.
  • A pharmaceutical or medical device company might offer free training or other benefits to doctors who prescribe its drug.
  • A benefit or pension provider might provide cash or another bonus to brokers who convince companies to choose their services over those of another provider.
As these examples illustrate, the setting in which kickbacks are used may vary widely, but the basic formula remains largely consistent across different industries.
What are the possible punishments for inducing kickbacks?

Issuing or accepting kickbacks is a serious crime that may result in heavy fines or several years in prison. Both civil and criminal charges can be levied against those suspected of being involved in kickback schemes.
The Anti-Kickback Act of 1986 prohibits government contractors and subcontractors from issuing or accepting kickbacks. If a contractor or subcontractor forces an employee to kick back part of his or her compensation, the contractor may face a $5000 fine and/or five years in prison.
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http://www.whitecollarcrimefyi.com/kickbacks.html

GT and most institutions/universities are heavily subsidized by the government and with the rising cost of education if an admin is shown to have his hand in the cookie jar he may go to jail.
 
I understand all that and realize that this has been an issue in the industry with college and university admissions and financial aid offices. But it sounds to me that they found an AD at a lower level who had his hand in the cookie jar, saw that this company has ads on athletic websites and leaped to the conclusion that there are kickbacks involved. On the surface at least, it appears the company bought advertising through ISP. Hopefully that's all that happened, and there is no problem with that as far as I can see.
 
mm42 -
I never read any of that crap in the ajc because all the back and forth really seems stupid to me. However, I read that one and it was really hilarious to me that some ugag fans can't stand it if Tech fans ignore them. If you read the comments, it's almost like they're waiting for a Tech fan to comment and finally when no one does, a ugag fan pasts something unrelated (and a false inference) about Reggie Ball. Those guys are a riot.
 
GT1992 said:
Go to hell GeeTee. You are a piece of sh!t.
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Hell, Michigan? Who would want to go there?

Hell, Michigan is an unincorporated community in Putnam Township of Livingston County in the U.S. state of Michigan.

AJC has an article about GT and its off limits to discuss here if its not a glowing remark? The posting generated some good discussion here as to what this is really about.

mban1257l.jpg
 
buzztheirazz said:
and this is positive pr?

http://www.ajc.com/sports/content/sports/uga/stories/2007/07/30/ugabark.html

your fan-base is a bunch of idiots. you got a ton of 'em but they're TERRIBLE.

p.s. lovin' the first guy! is that you GEETEE?
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Is there really any question as to why a guy like me --a life-long GT fan-- can spend four years in Athens, earn a reputable degree in Statistics, all the while maintaining my allegiance to all things old gold and white. Why would anyone want to be associated with the likes of these guys? :laugher:
 
This will have no impact on our athletics program. It might have an impact on a few people's jobs, though, if they accepted bribes, but that's all business stuff. It's a New York State law, not an NCAA infraction.

I'm all for some GTAA assholes getting fired if they deserve it, as long as it doesn't effect the team.
 
I agree this is a non-issue regarding the sports program.

If some admins took some illegal/improper payments that has nothing to do with the student athletes.

I think this probe is going to hit numerous schools before it is over. This portion of the investigation was regarding this lender but my understanding is there are NUMEROUS lenders involved.

I am surprised the feds have not already gotten involved. We will have to see how this plays out.
 
As far as I care, the more bad PR for GT's admin offices, the better. I had way too many problems with the Bursar, Financial Aid, Registrar and Parking offices during my five years. Each one has made mistakes where only I took most of the consequences.

Then again, it wouldn't really be GT without the shaft, would it?
 
Please try and watch the profanity on the board as there are women and kids who read it.

I'm sure y'all can think of different words to use.
 
I'm not a fan of calling other posters names, whether they're profane names or not.
 
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