Subpoenas are on their way to 72 ‘Canes who benefited from P

[smupony94]

http://rivals.yahoo.com/ncaa/football/blog/dr_saturday/post/Subpoenas-are-on-their-way-to-72-8216-Canes-wh?urn=ncaaf-wp5595

[RednBlue11]

let the claw-backs begin...

If victims of Shapiro's fraud get their way, according to the Miami Herald, the players will be legally compelled to play it all back:


Seventy-two former or current UM football players who are alleged to have received cash, gifts, meals or other benefits from convicted Ponzi schemer Nevin Shapiro soon will receive a subpoena from a bankruptcy trustee seeking to recoup anything they received of real value, one of the lawyers said Monday.
Attorney Gary Freedman, who represents bankruptcy trustee Joel Tabas, warned Monday there would be consequences for players who do not cooperate.
"They can't ignore it — it's a subpoena issued by a bankruptcy court," Freedman said. "If they ignore it, we will seek an order from the court to compel them to respond. If they don't respond, they will face a contempt order."


Each of the 72 players in question will receive a cover letter from Freedman explaining the situation, as well as a subpoena asking them to document any gifts or benefits they received and an affidavit. The bankruptcy trustee can also request players to appear in depositions and can file lawsuits against them if they fail to cooperate, and a bankruptcy judge can impose monetary sanctions or have them taken into custody. "If an athlete gives misinformation," Freedman said, "it would be considered perjury."

[smupony94]

Bankruptcy court has teeth.

[RGV Pony]

how many of them live within 150 miles of the court though?

[RednBlue11]

does that matter?

[Dooby]

Somebody loan JT, Stallion and I $100 and we will buy a claim of some small creditor and start issuing requests for 2004 exams of some of these players. We will be able to ask whatever we want. it will be a blast.

[smupony94]

Somebody loan JT, Stallion and I $100 and we will buy a claim of some small creditor and start issuing requests for 2004 exams of some of these players. We will be able to ask whatever we want. it will be a blast.

Stallion can pretty much buy all the creditors out. He makes it rain at Red River and on the cruise ships

[ponyte]

If allegations against UM turn out to be factual, how exactly does the NCAA protect one of its Big Boys and sweep it under the rug? Getting kinda hard when a court is finding the details and it is part of a public record to ignore. Now we all know if it was Ohio State or some other sacred cow, the NCAA would have already found a way to proclaim the bankruptcy courts findings are irrelevant and that OSU is completely innocent. But what about a new Big Boy on the block?

[jtstang]

NCAA's gonna have to sit this one out.