For several days now, I have had 4-5 different people tell me that a
prominent, Cigar smoking Ole Miss Loyalty Foundation member, was
removed from his position as President of a Bank in a small Delta town
for paying "monthly stipends" to Ole Miss recruits and football players
out of his bank revenue by the FDIC. For the uninformed, the Federal
Deposit Insurance Corporation, is a Federal agency responsible for
maintaining the solvency and proper management of banks in the United
States of America. Recipients of these monthly personal checks, were
made out to specific recruits and players. The funds include South
Panola recruits wanted by Ole Miss and "several" current players at Ole
Miss. If this is true, not only is this a "death penalty" warranted
violation of NCAA rules, but a violation of Federal Law. From what I
understand the Bank President has already been removed from his
position, and will be facing a Grand Jury once the FDIC investigation
is finished. Has anyone else heard of this issue? Is this fact or
fiction? I have heard from a former Banker, with contacts in the banks in the Delta
say this is FACT! So, is this FACT or FICTION?
prominent, Cigar smoking Ole Miss Loyalty Foundation member, was
removed from his position as President of a Bank in a small Delta town
for paying "monthly stipends" to Ole Miss recruits and football players
out of his bank revenue by the FDIC. For the uninformed, the Federal
Deposit Insurance Corporation, is a Federal agency responsible for
maintaining the solvency and proper management of banks in the United
States of America. Recipients of these monthly personal checks, were
made out to specific recruits and players. The funds include South
Panola recruits wanted by Ole Miss and "several" current players at Ole
Miss. If this is true, not only is this a "death penalty" warranted
violation of NCAA rules, but a violation of Federal Law. From what I
understand the Bank President has already been removed from his
position, and will be facing a Grand Jury once the FDIC investigation
is finished. Has anyone else heard of this issue? Is this fact or
fiction? I have heard from a former Banker, with contacts in the banks in the Delta
say this is FACT! So, is this FACT or FICTION?