Probably germans, but still an interesting read...

aspendawg

Freshman
Sep 10, 2009
379
99
28
Email I received from a friend. Crucify me if you want but it's interesting in the least. Here's email.

"Okay so heres an email I was forwardedbymy friend bowen, his
girlfriends dadwas instrumental in bringing Saban in if youve heard
that story and all the bama players hunt on theirfarm (place is sick) andshe
sent him this email written by an attorney in birmingham. they would
bein the know if anyone isin this whole mess.Editors note: the barn
is what bama fanscall auburn. this is pretty crazy, but again, bama
fans as you can see in the email arenuts and hate auburnnot too sure
how muchof this true though"

<p class="MsoNormal"><span style="color: black; font-size: 10pt;">Before
reading this post, please know this is what I've heard and wanted to
pass it along. Some of this may be known already and in some cases
things get added as well all know via the "telephone game". I don't
claim to be an insider but I trust my source and have a pretty good
feeling about this. So here goes: Got a phone call on Sunday night from a
very close family friend who is connected through a few different
avenues of people. Indictments are coming for Lowder and company either
this week or next via the FBI. I've heard Pat Dye and Jimmy Rane may be
served as well (as board members of Colonial).

The FBI's involvement in this has nothing directly to do with Auburn
or Cam Newton. They are after Lowder for the fall of Colonial Bank. The
FDIC started its investigation of Colonial quite some time ago (keep
in mind Colonial took TARP $). The FBI
was pulled in when certain things began to turn up. In particular and
large account which had no personal/company affiliation (slush fund
account). This account was easily maintained and covered up (explained
away) from auditors as the majority of mgt and board members were
barners (Dye, Rane, McGreggor). Linked to this account were numerous
atm/debit cards which were used quite frequently.

The FBI has been building it's case against Lowder and they want him
in jail. As part of their investigation and uncovering this "account"
they have provided the link to the barn and them using this avenue to
pay players for the NCAA. The issue with the barn started as a Cam
Newton issue via Ms. State but it is much bigger and may not even be the
tip of the ice berg for them. This has been going on for years with
Lowder and Dye calling the shots.

When an individual uses an atm card at a local bank, there is a
camera that takes your picture, so the FBI
has photos/locations/etc of everyone that has used these cards to get
cash. The story that was put out by TMZ about McGreggor and the casino
is not entirely true. McGreggor is related to this but not in that
regard.

So what happens now? The FBI indictments come out and the wheels in
lower Alabama begin to come off one by one. SACS is in the loop of all
the dealings as is the NCAA and the SEC. Them along with ESPN have been
gauged by the FBI which is why things have been so quiet lately. Once
the indictments come out, things are going to start moving.

If you remember the week before the Iron Bowl Herbstreit and others
were talking about a story that ESPN has been working and was ready to
run. This was halted by the FBI until they served their indictments.

The
FBI is essentially gift wrapping what SACS/NCAA need and more. The NCAA
won't have much work to do once everything is released to them. It will
then be decision
time.

According to my source, SACS has what they need to pull
barn's accreditation with booster and board member interference with the
athletic program. That coupled with the mess they were in a few years
back with SACS. As many of you know, once this happens, the barn is
immediately banned from the SEC. The death penalty is an option,
although I don't think it's likely. But being removed from the
conference is a very real issue they will be dealing with.

He said this could be the worst uncovering of anything in college
football history. Dye knows it, as does Lowder and others heavy
involved. They know they will never recover once everything comes out,
which is why they are still playing Cam and shooting for the stars to go
out as winners "on the field". Hopefully SC can take care of that
Saturday and bring them to their knees before the FBI/NCAA does.

Bottom line is this, the barn is done... period. I know the loss
stung last
week, nobody took it harder than me but I wouldn't swap placess with
them to 12-0 right now for nothing. Saban is building a process and this
is a growth spurt of young talent. Bama is here stay. The barn is not.

Roll Tide! Here's to keeping our process going as the greatest
football program and fan base in the country and here's to the barns
demise. I long for the day to which the barn does not exist.</span>
</p><p class="MsoNormal"></p>
<div></div><div>
</div>
 

therightway

Redshirt
Aug 26, 2009
1,801
0
0
Cam came after the collapse of Colonial bank. I am not saying that they did not find information when the bank was taken over but I was wanting information to bring down the board members of Colonial Bank I would be questioning the lower level employees and not John Bond, Kenny Rogers and Bill Bell. It is a good story though. I did think that there was a story coming out about 2 weeks ago that never popped. If the FBI thinks that they have the goods or are going to get them they need to do it in a hurry. I know that many say that they do not care about football but the BCS championship is a pretty big deal as far as money is involved and they know it. I know that Cecil has lied but I have a gut feeling that Kenny Rogers took his offer to Auburn and maybe Tennessee after we turned them down. Rogers does not get paid until Cecil gets paid. It would not surprise me if Rogers is getting paid extra now to keep quited and say that he parted ways with Cecil after we turned down the offer. Remember that Rogers will talking on December 9th. I would bet that the money was had delivered wrapped in a towel.
 

DawgatAuburn

All-Conference
Apr 25, 2006
10,986
1,783
113
Auburn will not lose SACS accreditation. Period.
Auburn will not be banned or voted out of the SEC. Period.
Auburn will not get the death penalty. Period.
The FBI will not hand anything over to the NCAA or SACS until their cases are fully adjudicated. Period.

Might there be some issues for Auburn down the road related to all of this? Perhaps. But we're talking later rather than sooner and no matter how bad Bammers and MSU fans and UGA fans clamor for it, all this other stuff is just fantasy.
 

aspendawg

Freshman
Sep 10, 2009
379
99
28
I knew the SEC expulsion and SACS accreditation were bogus, but it's worth the read anyway.
 

patdog

Heisman
May 28, 2007
56,101
25,140
113
DawgatAuburn said:
Auburn will not lose SACS accreditation. Period.
Auburn will not be banned or voted out of the SEC. Period.
Auburn will not get the death penalty. Period.
The FBI will not hand anything over to the NCAA or SACS until their cases are fully adjudicated. Period.
It's very unlikely the FBI will ever hand anything over to the NCAA or SACS even after their cases are fully adjudicated.
 

Topgundawg

Redshirt
Oct 23, 2010
864
0
0
when it is all said and done the FBI will unfold enough information to get Auburn popped by the NCAA. Know one really knows how much after this last weeks joke ruling but it will be enough to get everyone's attention. So for now lets focus on the Bowl picture, keeping our name clean, and moving our program forward with Mr. Mullen.

It was a good read...
 

AssEndDawg

Freshman
Aug 1, 2007
3,183
54
48
patdog said:
It's very unlikely the FBI will ever hand anything over to the NCAA or SACS even after their cases are fully adjudicated.
I have a good friend that is a federal agent and he told me they hand stuff over to anyone who wants it once their case is made. He has personally handed over files to schools many times for their use in expelling a student. I agree the FBI, if they have anything at all, will wait until their case is made but after that I don't see why they wouldn't hand over information to the NCAA. This isn't national security. The bulk of this, if not all of it, will be out in the public record once this goes down anyway.
 

Jacknut1

Redshirt
May 23, 2010
333
0
0
Just wishful thinking from a Bama fan. A quick Google check of TARP recipients shows no Colonial Bank on it unless there's a holding company with a different name.
 

FISHDAWG

Redshirt
Dec 27, 2009
2,077
0
36
I'm nowhere near being an AU fan but I wouldn't want them to be kicked out of the SEC ... just bad for business ... besides, federal agencies have a hard enough time just communicating with themselves ... I don't see them "gift wrapping" this for the NCAA at all ... I can see the NCAA attending the trials to see if any evidence shakes out that they might be able to use , but if I had to guess - I'm sure the FBI really doesn't care if colleges are paying players or not
 

shaschboy

Redshirt
Sep 19, 2007
568
0
0
Colonial applied to receive $533 million from Tarp. In Feb. 09, the special inspector general for TARP launched an investigation into their application. They uncovered a 2 billion fraud scheme that led to the demise of Colonial. They alleged that Colonial Bank and another company, TBW, used a number of different methods to misappropriate money for their own benefit. The TBW chief, Lee Farkas, and 3 Colonial conspirators(who have yet to be named i.e. Lowder ect) shuffled 2 Billion and the $500 million they asked for was going to be handled the same way. Google Lee Farkas and you can read up on it. It's pretty juicy and the trial date is set for Feb. 22.

One of the interesting things about this story is the mystery surrounding the co-conspirators. In the Fed's pre-trial motion it says that more indictments are possible and former Colonial exec's are alleged to be involved.
 

DawgatAuburn

All-Conference
Apr 25, 2006
10,986
1,783
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<h1>Colonial BancGroup shares soar on TARP funding</h1>
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<span class="timestamp">Tue Dec 2, 2008 3:08pm EST</span></p></div><span class="focusParagraph">

<span class="articleLocatio</span>n">Dec 2 (Reuters) - Colonial BancGroup Inc CNB.N shares
surged as much as 72 percent after the financial services
company said it will get $550 million as part of the U.S.
Treasury's capital purchase program.</span></p>

</span><span id="midArticle_0"></span>

The U.S. Treasury had decided to inject capital into
financial institutions through Troubled Assets Relief Program
in efforts to restore consumer confidence and promote the
return of credit markets to more normal functioning.</p><span id="midArticle_1"></span>

"The $550 million in new capital will enhance our capital
cushion and will allow Colonial Bank to meet our customers'
financing needs with additional lending activity throughout our
five state footprint," Chief Executive Robert Lowder said.</p><span id="midArticle_2"></span>

In exchange for its investment, the Treasury will receive
shares of Colonial BancGroup preferred stock which will pay a 5
percent dividend for the first five years.</p><span id="midArticle_3"></span>

Additionally, Colonial plans to participate in the U.S.
Treasury's Temporary Liquidity Guarantee Program's full Federal
Deposit Insurance Corp insurance coverage of
noninterest-bearing deposit and certain other transaction
accounts regardless of the dollar amount through Dec. 31, 2009.</p><span id="midArticle_4"></span>

The Montgomery, Alabama-based company, whose shares have
fallen 85 percent since January before Tuesday's news, has been
reporting losses for the past two quarters as it continues to
bolster its reserves for bad loans amid a deteriorating credit
market.</p><span id="midArticle_5"></span>

In November, Morgan Keegan analyst Robert Patten had said
Colonial's shares stand to gain whether the company gets U.S.
Treasury funding or not.</p><span id="midArticle_6"></span>

If it does not receive approval, it will potentially be
sold at a price closer to its stress case $4.50 tangible book
value, analyst Patten had said.</p><span id="midArticle_7"></span>

Shares of the company were up $1.03 at $3.03 in afternoon
trade on the New York Stock Exchange. They touched a high of
$3.44 earlier in the session.
(Reporting by Sweta Singh in Bangalore; Editing by Amitha
Rajan)

</p></span>
 

FISHDAWG

Redshirt
Dec 27, 2009
2,077
0
36
YeoDawg said:
lyle said:
I'm sure the FBI really doesn't care if colleges are paying players or not
If so, why would they interview Bell,Rogers, and Bond?
did they interview reggie bush, sydney, or north carolina...is there any record of the FBI assisting or investigating like this before ? (I really don't know) ... not sure why they interviewed those guys but I'll bet their main intent and focus was notCam
 

Jacknut1

Redshirt
May 23, 2010
333
0
0
but didn't qualify for it. The post says Colonial received TARP funds which they did not.

"Colonial applied for TARP assistance but had been told it needed to be
able raise an additional $300 million in private capital to be eligible
for the federal assistance. On March 31 Colonial announced it had found
such an investor in Taylor, Bean & Whitaker Mortgage Co., a major
non-bank mortgage lender based in Florida. But that deal collapsed, and
TBW halted operations on Aug. 5 as its offices were also searched by
federal agents."

from CNNMoney.com
 

YeoDawg

Redshirt
Mar 3, 2008
17
0
0
lyle said:
YeoDawg said:
lyle said:
I'm sure the FBI really doesn't care if colleges are paying players or not
If so, why would they interview Bell,Rogers, and Bond?
did they interview reggie bush, sydney, or north carolina...is there any record of the FBI assisting or investigating like this before ? (I really don't know) ... not sure why they interviewed those guys but I'll bet their main intent and focus was notCam
I see your point and agree. My point is would they even bother to interview themif they didn't plan to use the evidence gained in thier case? If there was damning evidence, it would come out even if the FBI didn't gift wrap it for the NCAA.