Home Discord Chat
Go Back   ChiefsPlanet > Nzoner's Game Room
Reload this Page Football Dan Snyder allegedly committed Bank Fraud with NFL assisting in Coverup
Register FAQDonate Members List Calendar

Reply
Page 2 of 3 1 2 3
 
Thread Tools Display Modes
Old 02-28-2023, 10:49 AM  
Sassy Squatch Sassy Squatch is online now
The man you could post like.
 
Sassy Squatch's Avatar
 
Join Date: Oct 2010
Casino cash: $2229655
Dan Snyder allegedly committed Bank Fraud with NFL assisting in Coverup


Daniel Snyder's final breakup from his longtime minority partners in Washington's NFL franchise began with a footnote in an April 2020 financial report.

The note revealed a $55 million credit line the team had taken out 16 months earlier without the knowledge and required approval of Snyder's minority partners -- the three billionaires who owned 40% of the franchise, according to documents obtained by ESPN.

The secret $55 million loan has become a primary focus of federal prosecutors in Virginia who are investigating allegations of financial misconduct by Snyder and the Washington Commanders, multiple sources with firsthand knowledge of the inquiry told ESPN.

A federal grand jury has issued subpoenas for a cache of documents related to the team's finances, including the loan. Prosecutors acquired the partners' NFL arbitration petition and other supporting materials, including emails and letters between team executives and bank lawyers, documents show. The criminal inquiry is being led by a team of FBI and IRS agents, sources said.

During a confidential arbitration, the former partners demanded that the NFL investigate the origin of Snyder's loan. But neither NFL commissioner Roger Goodell, whose signature granted league approval for the team to take on the new debt, nor the NFL arbitrator investigated the partners' allegation of financial wrongdoing, according to hundreds of pages of confidential NFL arbitration documents obtained by ESPN and more than a dozen interviews.

Loans and lines of credit obtained without the approval of Washington's board of directors violate the team's shareholder agreement, according to the documents. The documents also show Bank of America officials asked team executives repeatedly for proof that the board had approved the loan. But the team executives never turned over a copy of the board approval before the loan closed, and one team lawyer later acknowledged in a letter that the board approval doesn't exist, documents show.

Four days after the partners pressed the NFL arbitrator to seek proof that the loan was legally obtained, the documents show, the NFL moved to shut down arbitration proceedings. The partners begrudgingly agreed to mediation, led by Goodell, sources familiar with the matter told ESPN. The mediation resulted in the partners selling their shares, and it silenced their complaints against Snyder, the sources said. The NFL never conducted the partners' requested investigation of the loan, and the league levied no sanctions against Snyder related to the allegations of financial misconduct.

One source with firsthand knowledge of the proceedings told ESPN the partners believed Goodell and NFL general counsel Jeffrey Pash sided with Snyder over them.

"Three billionaires -- not a few whistleblowers -- alleged to the NFL arbitrator that their partner had possibly committed bank fraud," the source said. "This is jail time type of fraud. The NFL owes them as much of a fair shake as it owes Snyder. And the league had no interest in finding out what happened. They buried it and didn't investigate it and covered it up."
Posts: 38,050
Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.
     Reply With Quote
Old 02-28-2023, 01:09 PM   #16
chiefzilla1501 chiefzilla1501 is online now
In Search of a Life
 

Join Date: Aug 2008
Casino cash: $1874497
It’s not like this is in isolation. This whole comedy exposes how NFL owners can get away with a cartoonish amount of shit as long as they have money. Snyder has had a gazillion offenses where each one on it's own should have costed him the team.
Posts: 48,391
chiefzilla1501 is obviously part of the inner Circle.chiefzilla1501 is obviously part of the inner Circle.chiefzilla1501 is obviously part of the inner Circle.chiefzilla1501 is obviously part of the inner Circle.chiefzilla1501 is obviously part of the inner Circle.chiefzilla1501 is obviously part of the inner Circle.chiefzilla1501 is obviously part of the inner Circle.chiefzilla1501 is obviously part of the inner Circle.chiefzilla1501 is obviously part of the inner Circle.chiefzilla1501 is obviously part of the inner Circle.chiefzilla1501 is obviously part of the inner Circle.
     Reply With Quote
Old 02-28-2023, 01:19 PM   #17
notorious notorious is offline
Supporter
 
notorious's Avatar
 

Join Date: May 2005
Location: Who knows?
Casino cash: $2695884
Quote:
Originally Posted by alpha_omega View Post
Daniel Snyder allegedly charged Commanders $4.5 million to put team logo on his private jet, per report

Snyder allegedly also charged the franchise $10 million annually to use his own private jets

Commanders owner Daniel Snyder infuriated NFL owners and restarted conversations about potentially voting him out, according to reports from the Washington Post on Monday. Twenty four hours later, Snyder continues to look even worse after he allegedly was charging the franchise $10 million a year to use his own private jets as well as an additional $4.5 million to put the team's logo on his personal plane, according to ESPN.

In documents acquired by ESPN, Snyder called the $4.5 million charge "an advertising fee" despite the team's then-minority owners claiming Snyder's personal jet "provides little or no advertising value." The charges of $10 million annually and the one-time $4.5 million fee are also an issue because the minority owners who were in possession of 40% of the team did not consent to the spending.

Minority team owners Dwight Schar, Frederick W. Smith, and Robert Rothman, said Snyder was using the franchise as his "personal piggy bank," according to an arbitration petition filed with the league per ESPN. The alleged lack of ethics regarding the team plane spending, however, is just the tip of the iceberg regarding Snyder's unapproved financial decisions since some details of an FBI and IRS investigation into the team are centered around even bigger alleged financial misconduct, according to ESPN.


Snyder allegedly took on a $55 million loan through the Commanders without informing the minority owners and receiving their approval, which is critical because it came 16 months before buying out the individuals who held a combined 40% share of the team. This loan has reportedly been a key area of focus for federal prosecutors who are investigating financial misconduct.

https://www.cbssports.com/nfl/news/d...et-per-report/
A perfect example of how to abuse the write-off system.
Posts: 83,538
notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.notorious is obviously part of the inner Circle.
     Reply With Quote
Old 02-28-2023, 01:37 PM   #18
Red Dawg Red Dawg is online now
Going home eventually
 
Red Dawg's Avatar
 

Join Date: Dec 2002
Casino cash: $4602858
Nothing will happen. People with loads of money get out of everything. People in power get away with everything because they know the dirt on people. We have seen this shit for 100 years.
__________________
If you're not first you're last!
Posts: 30,472
Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.
 Thumbs Up 1 Thumbs Down 0     Reply With Quote
Old 02-28-2023, 01:43 PM   #19
htismaqe htismaqe is offline
'Tis my eye!
 
htismaqe's Avatar
 

Join Date: Aug 2000
Location: Chiefsplanet
Casino cash: $10269900
Quote:
Originally Posted by Red Dawg View Post
Nothing will happen. People with loads of money get out of everything. People in power get away with everything because they know the dirt on people. We have seen this shit for 100 years.
Much much longer than that. Wealth and corruption go all the way back to ancient Mesopotamia.
Posts: 100,022
htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.
     Reply With Quote
Old 02-28-2023, 01:45 PM   #20
Sassy Squatch Sassy Squatch is online now
The man you could post like.
 
Sassy Squatch's Avatar
 

Join Date: Oct 2010
Casino cash: $2229655
Quote:
Originally Posted by Red Dawg View Post
Nothing will happen. People with loads of money get out of everything. People in power get away with everything because they know the dirt on people. We have seen this shit for 100 years.
Uhh, might be a bit different this go around considering there's already federal prosecutors involved and the ****ed over parties are billionaires themselves.
Posts: 38,050
Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.
     Reply With Quote
Old 02-28-2023, 02:06 PM   #21
Red Dawg Red Dawg is online now
Going home eventually
 
Red Dawg's Avatar
 

Join Date: Dec 2002
Casino cash: $4602858
Quote:
Originally Posted by Superturtle View Post
Uhh, might be a bit different this go around considering there's already federal prosecutors involved and the ****ed over parties are billionaires themselves.
Good points but the other owners are not going and make a push for anything but a large fine to get money. Federal prosecutors are all paid for by other billionaires in one way or another. All of them have nasty secrets they don't want exposed. All of this is will end with Dan being out as an owner and that's pretty much it. Dan will not get locked up.
__________________
If you're not first you're last!
Posts: 30,472
Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.Red Dawg is obviously part of the inner Circle.
     Reply With Quote
Old 02-28-2023, 02:19 PM   #22
Sassy Squatch Sassy Squatch is online now
The man you could post like.
 
Sassy Squatch's Avatar
 

Join Date: Oct 2010
Casino cash: $2229655
Quote:
Originally Posted by Red Dawg View Post
Good points but the other owners are not going and make a push for anything but a large fine to get money. Federal prosecutors are all paid for by other billionaires in one way or another. All of them have nasty secrets they don't want exposed. All of this is will end with Dan being out as an owner and that's pretty much it. Dan will not get locked up.
I'm not talking the other owners. I'm talking the former minority owners that may have gotten absolutely ****ed out of what may have been a lucrative windfall by being forced to sell for a fixed price in Mediation
Posts: 38,050
Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.Sassy Squatch is obviously part of the inner Circle.
     Reply With Quote
Old 02-28-2023, 03:07 PM   #23
RedinTexas RedinTexas is offline
Veteran
 
RedinTexas's Avatar
 

Join Date: Nov 2020
Location: Texas
Casino cash: $1972500
As long as Goodell goes to prison, I'm good with it.
Posts: 1,791
RedinTexas would the whole thing.RedinTexas would the whole thing.RedinTexas would the whole thing.RedinTexas would the whole thing.RedinTexas would the whole thing.RedinTexas would the whole thing.RedinTexas would the whole thing.RedinTexas would the whole thing.RedinTexas would the whole thing.RedinTexas would the whole thing.RedinTexas would the whole thing.
     Reply With Quote
Old 02-28-2023, 03:16 PM   #24
GeorgeZimZam GeorgeZimZam is online now
Repeal the 19th Amendment
 
GeorgeZimZam's Avatar
 

Join Date: Nov 2018
Location: RGV TX (via KC & ATX)
Casino cash: $4940400

Robert Sarver (Phoenix Suns)


Donald Sterling (Los Angeles Clippers)


Daniel Snyder (Washington Redskins/Commanders)


Beyond owning professional sports franchises and being sketchy AF, I wonder if these 3 sheisters share anything else in common?

Last edited by GeorgeZimZam; 02-28-2023 at 10:49 PM..
Posts: 413
GeorgeZimZam must have mowed badgirl's lawn.GeorgeZimZam must have mowed badgirl's lawn.GeorgeZimZam must have mowed badgirl's lawn.GeorgeZimZam must have mowed badgirl's lawn.GeorgeZimZam must have mowed badgirl's lawn.GeorgeZimZam must have mowed badgirl's lawn.GeorgeZimZam must have mowed badgirl's lawn.GeorgeZimZam must have mowed badgirl's lawn.GeorgeZimZam must have mowed badgirl's lawn.GeorgeZimZam must have mowed badgirl's lawn.GeorgeZimZam must have mowed badgirl's lawn.
     Reply With Quote
Old 02-28-2023, 03:38 PM   #25
htismaqe htismaqe is offline
'Tis my eye!
 
htismaqe's Avatar
 

Join Date: Aug 2000
Location: Chiefsplanet
Casino cash: $10269900
Quote:
Originally Posted by Superturtle View Post
I'm not talking the other owners. I'm talking the former minority owners that may have gotten absolutely ****ed out of what may have been a lucrative windfall by being forced to sell for a fixed price in Mediation
They'll probably settle out of court.
Posts: 100,022
htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.htismaqe is obviously part of the inner Circle.
     Reply With Quote
Old 02-28-2023, 05:25 PM   #26
Skyy God Skyy God is offline
11-5, baby
 

Join Date: Sep 2005
Location: Livin the dream
Casino cash: $2191557
Quote:
Originally Posted by GeorgeZimZam View Post

Robert Sarver (Phoenix Suns)


Donald Sterling (Los Angeles Clippers)


Daniel Snyder (Washington Redskins/Guardians)


Beyond owning professional sports franchises and being sketchy AF, I wonder if these 3 sheisters share anything else in common?
Anti-Semitism Planet??
Posts: 22,416
Skyy God is obviously part of the inner Circle.Skyy God is obviously part of the inner Circle.Skyy God is obviously part of the inner Circle.Skyy God is obviously part of the inner Circle.Skyy God is obviously part of the inner Circle.Skyy God is obviously part of the inner Circle.Skyy God is obviously part of the inner Circle.Skyy God is obviously part of the inner Circle.Skyy God is obviously part of the inner Circle.Skyy God is obviously part of the inner Circle.Skyy God is obviously part of the inner Circle.
     Reply With Quote
Old 02-28-2023, 05:33 PM   #27
Spott Spott is online now
Court Jester
 
Spott's Avatar
 

Join Date: Aug 2000
Location: Orlando
Casino cash: $2852400
EB’s new job just got even worse.
Posts: 19,772
Spott is obviously part of the inner Circle.Spott is obviously part of the inner Circle.Spott is obviously part of the inner Circle.Spott is obviously part of the inner Circle.Spott is obviously part of the inner Circle.Spott is obviously part of the inner Circle.Spott is obviously part of the inner Circle.Spott is obviously part of the inner Circle.Spott is obviously part of the inner Circle.Spott is obviously part of the inner Circle.Spott is obviously part of the inner Circle.
     Reply With Quote
Old 02-28-2023, 07:42 PM   #28
Womble Womble is offline
Veteran
 
Womble's Avatar
 

Join Date: Nov 2022
Casino cash: $-4579500
Article should call him "former Redskins owner" instead.
Posts: 2,500
Womble would the whole thing.Womble would the whole thing.Womble would the whole thing.Womble would the whole thing.Womble would the whole thing.Womble would the whole thing.Womble would the whole thing.Womble would the whole thing.Womble would the whole thing.Womble would the whole thing.Womble would the whole thing.
     Reply With Quote
Old 02-28-2023, 07:43 PM   #29
Rainbarrel Rainbarrel is offline
MVP
 
Rainbarrel's Avatar
 

Join Date: Mar 2021
Casino cash: $2590400
Daniel Snyder is Russell Wilson's armour from constant grilling
Posts: 8,187
Rainbarrel wants to die in a aids tree fire.Rainbarrel wants to die in a aids tree fire.Rainbarrel wants to die in a aids tree fire.Rainbarrel wants to die in a aids tree fire.Rainbarrel wants to die in a aids tree fire.Rainbarrel wants to die in a aids tree fire.Rainbarrel wants to die in a aids tree fire.Rainbarrel wants to die in a aids tree fire.Rainbarrel wants to die in a aids tree fire.Rainbarrel wants to die in a aids tree fire.Rainbarrel wants to die in a aids tree fire.
 Thumbs Up 0 Thumbs Down 1     Reply With Quote
Old 02-28-2023, 09:14 PM   #30
Rain Man Rain Man is online now
NFL's #1 Ermines Fan
 
Rain Man's Avatar
 

Join Date: Jul 2001
Location: My house
Casino cash: $3088491
VARSITY
This sounds like how rich people fight.
__________________
I'm putting random letters here as a celebration of free speech: xigrakgrah misorojeq rkemeseit.
Posts: 141,621
Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.Rain Man is obviously part of the inner Circle.
     Reply With Quote
Reply
Page 2 of 3 1 2 3

« Previous Thread | > Nzoner's Game Room < | Next Thread »

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump




All times are GMT -6. The time now is 07:20 PM.

Contact Us - ChiefsPlanet - Archive - Top

This is a test for a client's site.
Fort Worth Texas Process Servers
Covering Arlington, Fort Worth, Grand Prairie and surrounding communities.
Tarrant County, Texas and Johnson County, Texas.
Advertise with us!
Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2024, vBulletin Solutions, Inc.