HornSportsBot
Rookie
- Joined
- May 14, 2013
- Messages
- 8,266
This was sent anonymously to the Horn Sports main email account so it is being posted here for consideration, being complete rubbish or having a glimmer of truth. Take it for what you will - beauty is in the eye of the beholder.
-------------------------------------------------------------------------------
I'm wondering if Manziel could get aggy in trouble with the SEC. Not the conference, the Securities and Exchange Commission.
Aggy is getting ready to issue a couple of hundred dollars in stadium bonds. When doing so, they have to disclose in publicly issued financial statements all known or foreseeable financial risks.
If the school doesn't make a reasonable investigation into this, Manziel plays and it comes out in a year (after the bonds are issued) that he took the money, the school could be in hot water with the stadium bond holders for being negligent for not investigating thoroughly enough. Any NCAA sanctions would have a material effect on their financial position, if for no other reason other than it could cost them their post season bow payouts. If the school knows he took the money, does nothing, and later the facts come out, individuals connected with the university could be tried for both criminal and civil securities fraud for intentionally not disclosing known financial risks to investors
Bottom line, aggy's problem isn't Manziel being ineligible. Their problem is the NCAA finding out a year from now that Manziel took the money. If that happens, the SEC is going to start an investigation, and I'm not talking about the conference. I'm talking about the SEC that has the subpoena power.
-------------------------------------------------------------------------------
I'm wondering if Manziel could get aggy in trouble with the SEC. Not the conference, the Securities and Exchange Commission.
Aggy is getting ready to issue a couple of hundred dollars in stadium bonds. When doing so, they have to disclose in publicly issued financial statements all known or foreseeable financial risks.
If the school doesn't make a reasonable investigation into this, Manziel plays and it comes out in a year (after the bonds are issued) that he took the money, the school could be in hot water with the stadium bond holders for being negligent for not investigating thoroughly enough. Any NCAA sanctions would have a material effect on their financial position, if for no other reason other than it could cost them their post season bow payouts. If the school knows he took the money, does nothing, and later the facts come out, individuals connected with the university could be tried for both criminal and civil securities fraud for intentionally not disclosing known financial risks to investors
Bottom line, aggy's problem isn't Manziel being ineligible. Their problem is the NCAA finding out a year from now that Manziel took the money. If that happens, the SEC is going to start an investigation, and I'm not talking about the conference. I'm talking about the SEC that has the subpoena power.
