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Browns owner going to prison? (1 Viewer)

menobrown

Footballguy
Wonder if he knew something was amiss when he wanted his job back after a few month absence? Either way nice or lucky timing by the Steeler's. You get a guy who owns 1/8th of your team to sale his stake in your team and buy majority stake in your long time rivals team just months before he gets popped by the feds.

 

massraider

Footballguy
Yes, yes, old rich white guys often go to prison. I am taking any and all wagers, I'll give 3 to 1 that he doesn't do any significant time.

 

ghostguy123

Footballguy
As long as you have a good sense of humor, being a Cleveland sports fan is the coolest thing ever. Loving it right now, and always.

 

GroveDiesel

Footballguy
Yes, yes, old rich white guys often go to prison. I am taking any and all wagers, I'll give 3 to 1 that he doesn't do any significant time.
I don't think he will see prison either, but if there is any traction to this, there is a high likelihood that the NFL will force him to sell the franchise.For that reason alone, this is a HUGE story.
 

nxmehta

Footballguy
When the feds come after you in a case this big, you are pretty much cooked. They do not lose these kind of cases.

The question is whether or not Haslam will suffer any serious consequences. If you look at the material surrounding the case, Haslam is named many many times. That's not a coincidence. It looks like they will be going after him.

If he goes down, the NFL will certainly force a sale of the team.

I agree that this is a MUCH bigger story than people are making it out to be.

 
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ICON211

Footballguy
When the feds come after you in a case this big, you are pretty much cooked. They do not lose these kind of cases.

The question is whether or not Haslam will suffer any serious consequences. If you look at the material surrounding the case, Haslam is named many many times. That's not a coincidence. It looks like they will be going after him.

If he goes down, the NFL will certainly force a sale of the team.

I agree that this is a MUCH bigger story than people are making it out to be.
We'll see still very early. The feds went after guys for steroids too and they wanted them bad to make an example of them and that did not work out too well for them. I'm sure Haslam will have some very good lawyers.

 

amnesiac

beer is good
i agree that the feds have a very high conviction rate, and that they don't bring these cases lightly but there are also some very good defense attorneys right here in Cleveland that also have a very good success rate at defending federal charges.

so who knows? i agree with the statement that it is still very early.

 
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bucsbaby

Footballguy
When the feds come after you in a case this big, you are pretty much cooked. They do not lose these kind of cases.

The question is whether or not Haslam will suffer any serious consequences. If you look at the material surrounding the case, Haslam is named many many times. That's not a coincidence. It looks like they will be going after him.

If he goes down, the NFL will certainly force a sale of the team.

I agree that this is a MUCH bigger story than people are making it out to be.
:shrug: It's not like he trashed a hotel room with his buddy or something :shrug: #whitecollarcrime

 
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Tackling Dummies

Footballguy
Yes, yes, old rich white guys often go to prison. I am taking any and all wagers, I'll give 3 to 1 that he doesn't do any significant time.
I'm in. We need to clarify/agree on "significant time" and we'll set the prize as a local t shirt, NFL shirt, something along those lines.

:boxing:

 

daveR

Footballguy
massraider said:
daveR said:
Yes, yes, old rich white guys often go to prison. I am taking any and all wagers, I'll give 3 to 1 that he doesn't do any significant time.
Bernie Madoff did just fine. He's living in Jamaica now, no?
Would you like examples of the old, rich white guys that didn't do any time. I can probably think of a few.
Nope. Not necessary. But, I'll take the wager! The FBI doesn't show up with a hundred page affadavit and blow the case. Ask Jimmy DiMora!

 

ghostguy123

Footballguy
Yes, yes, old rich white guys often go to prison. I am taking any and all wagers, I'll give 3 to 1 that he doesn't do any significant time.
Bernie Madoff did just fine. He's living in Jamaica now, no?
Would you like examples of the old, rich white guys that didn't do any time. I can probably think of a few.
Nope. Not necessary. But, I'll take the wager! The FBI doesn't show up with a hundred page affadavit and blow the case. Ask Jimmy DiMora!
I highly doubt he goes to prison. The comparison to Bernie Madoff isn't a real good comparison. That's like comparing a guy who stole a loaf of bread to a guy who robbed a bank at gunpoint.

FBI doesnt equal prison. However, it probably equals some bigtime trouble for that company.

 

SaintsInDome2006

Footballguy
This happened once before with Eddie DeBartolo, owner of the 9ers, who got caught up in one Louisiana's many casino gambling scandals with our jailed guv.

Good times, and he took out the 9ers's leadership for a long time too.

 

Faust

MVP
Rotoworld:

Browns owner Jimmy Haslam tells The Wall Street Journal he's "very comfortable" with his position in the federal investigation into his truck-stop company Pilot Flying J.
"I really can't worry about indictments because I have no control," Haslam said. "My focus has got to be on fixing the problem with the companies (that are Pilot's customers)." Haslam has already seen five underlings plead guilty to federal charges, while he's alleged to have known about the "manual rebate" scam. Haslam is the big fish in the case, so the FBI/IRS will likely do all they can to press charges. As of now, it's entirely unclear how strong the evidence is against the Browns' embattled owner.


Source: The Wall Street Journal
 

SaintsInDome2006

Footballguy
Yes, yes, old rich white guys often go to prison. I am taking any and all wagers, I'll give 3 to 1 that he doesn't do any significant time.
Still in. I'll take the bet. 3 Patriots hoodies vs 1 of your choice.
DeBartolo of the 9ers did lose $1 million, he got 2 years probation, was barred from teh NFL and he lost control of the franchise though, and the 9ers declined for quite a while after, recovering just recently.

 

PlasmaDogPlasma

Footballguy
Yes, yes, old rich white guys often go to prison. I am taking any and all wagers, I'll give 3 to 1 that he doesn't do any significant time.
Still in. I'll take the bet. 3 Patriots hoodies vs 1 of your choice.
DeBartolo of the 9ers did lose $1 million, he got 2 years probation, was barred from teh NFL and he lost control of the franchise though, and the 9ers declined for quite a while after, recovering just recently.
One thing that won't result here is a decline of the Browns.

 

Faust

MVP
Rotoworld:

The number of lawsuits against Browns owner Jimmy Haslam's truck-stop company Pilot Flying J has grown to 18.
Audubon, Minn. based R&R Transportation became the latest company to file suit, even after Pilot Flying J tried to cut it a check on Monday. The number clearly wasn't to the company's liking. Haslam is up to his ears in civil suits less than three months after the FBI/IRS raided his company, but the federal investigation remains his primary concern. A billionaire — at least for now — Haslam should be able to settle most of the suits that come his way.


Source: Cleveland Plain Dealer
 

QuizGuy66

Footballguy
Yes, yes, old rich white guys often go to prison. I am taking any and all wagers, I'll give 3 to 1 that he doesn't do any significant time.
Bernie Madoff did just fine. He's living in Jamaica now, no?
Would you like examples of the old, rich white guys that didn't do any time. I can probably think of a few.
Nope. Not necessary. But, I'll take the wager! The FBI doesn't show up with a hundred page affadavit and blow the case. Ask Jimmy DiMora!
I highly doubt he goes to prison. The comparison to Bernie Madoff isn't a real good comparison. That's like comparing a guy who stole a loaf of bread to a guy who robbed a bank at gunpoint.

FBI doesnt equal prison. However, it probably equals some bigtime trouble for that company.
Stealing bread has gotten some folks 5-year sentences*

-QG

*-source: Victor Hugo

 

QuizGuy66

Footballguy
Anyway looks like Goodell has an owner for the Ossining expansion franchise. And that team is set at TE as well.

-QG

 

massraider

Footballguy
Shocking news: Haslem won't be going to prison.

Pilot Flying J strikes deal to avoid prosecutionPosted by Mike Florio on July 14, 2014, 1:29 PM EDT
pilot.jpg
Getty ImagesThe past 15 months since the service of a variety of search warrants on the operations of Pilot Flying J have consisted largely of waiting for the next shoe to drop.

For the first time, news has emerged of a shoe that won’t drop.

According to the Knoxville News Sentinel, thecompany won’t be prosecuted. The corporation, run by Browns owner Jimmy Haslam and founded by his father, has agreed to pay a monetary penalty of $92 million over the next two years and to fully cooperate with the ongoing investigation of fraud against the company’s customers.

While “the company” doesn’t necessarily include Haslam, it’s unlikely that the company would agree to a deal that would result in the payment of $92 million and full cooperation that would in turn get Haslam indicted and potentially convicted.

Multiple employees of the company have pleaded guilty since the scam was exposed, with the feds working their way higher and higher up the ladder.
MORE shocking news: The NFL can see no problems with Haslem either:

NFL says Haslam hasn’t violated personal-conduct policyPosted by Michael David Smith on July 14, 2014, 6:58 PM EDT
350x6.jpg
APPilot Flying J, the company run by Browns owner Jimmy Haslam, has agreed to pay a $92 million penalty as part of a federal investigation of fraud against the company’s customers. But Haslam himself won’t be penalized by the NFL.

The league says it sees no indication in the investigation into Haslam’s company that Haslam personally did anything that constitutes a violation of the NFL’s personal-conduct policy.

“There have been no allegations of any personal conduct that is in violation of NFL policy,” NFL spokesman Greg Aiello told PFT.

Although player arrests get most of the attention where the personal-conduct policy is concerned, everyone who works in the NFL is subject to the policy, including coaches, team executives, league officials and owners. Colts owner Jim Irsay is expected to face league discipline in connection with his March arrest for impaired driving. But in the case of Haslam, he’s apparently in the clear, as far as the league office is concerned.
 

amnesiac

beer is good
has agreed to pay a monetary penalty of $92 million
Not sure how megarich he is but I'm guessing that's not great for Haslem's bottom line...
i'm sure it stings a bit, but i believe he paid around 1 billion for the Browns.
Now that stings.
funny, but from a financial aspect, NFL franchises have been one of the best investments over the last 10-20 years. i believe i heard on the radio each team was paid out something like 140 million in revenue sharing last year?

 

amnesiac

beer is good
also he pays that out over two years.

and presumably avoids any personal prosecution from the federal government.

not a half bad deal, imo.

 

MAC_32

Footballguy
If the Feds had anything they'd have gone after him, so they must not.

His company getting killed in his wallet was already a foregone conclusion.

Case of gross, gross negligence.

 

steveski

Footballguy
amnesiac said:
CalBear said:
amnesiac said:
SaintsInDome2006 said:
has agreed to pay a monetary penalty of $92 million
Not sure how megarich he is but I'm guessing that's not great for Haslem's bottom line...
i'm sure it stings a bit, but i believe he paid around 1 billion for the Browns.
Now that stings.
funny, but from a financial aspect, NFL franchises have been one of the best investments over the last 10-20 years.i believe i heard on the radio each team was paid out something like 140 million in revenue sharing last year?
I have a couple grand to throw in, who wants to join up and buy the Jags?

 

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