Posted on Bama board

[msuJD164]

<span style="FONT-SIZE: medium">The Feds have already visited Colonial and made them aware of the the fact that they have evidence to support the claim that Auburn football players were given ATM cards to tap into a slush fund, as well as loans from the bank that they never had to pay back. He also said that the story about AU players going to Victoryland and hitting rigged slots, ala Larry Langford, is 100% true, and the Feds have proof of that as well.

I was also told the reason Slive sat on the story is because the Feds made him. They were afraid if news leaked about Cam and illegal payments, that the people they were listening to would know their phones were tapped. I was told to expect all the information to be made public once the indictments are handed down.
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[Maroon Eagle]

Now if that person was about ex-directors then maybe... Not believable to me at the moment.

 

[TheStateUofMS]

Not saying I believe it, but if that was true...WOWWWW! Anyone else remember the last time there was a slush fund? SMU mid 1980s. Man this could get ugly if this is true.

 

[FISHDAWG]

sounds pretty reasonable to me

 

[karlchilders.sixpack]

also, you tell Colonial, you told Lowder.
seems old infoat best

 

[msuJD164]

I believe these things, atm cards, were earlier. The bank was closed in aug 2009

 

[UpTheMiddlex3Punt]

All the assets and branches were taken over by BB&T, but maybe there is an office that is dedicated to winding down the corporation.

 

[therightway]

I am sure that most of the records were destroyed but I would bet that there are people still working there that knew where the bodies were buried. This is asuming that more than just the deposits were sold by the FDIC. I would think that many of the branches just changed names. On the main topic, I might really buy this one. The bust came Oct 4th and it took about a month before the leaks started. As much as I cannot stand Slive, this really could have taken place.