But you’ve made such a compelling argument surely the case will be dismissed quickly!
Louisville BOT sues Ramsey and Foundation Administrators
- Thread starter wilkie01
- Start date
But you’ve made such a compelling argument surely the case will be dismissed quickly!
While I understand your point, there is a big difference between Intermediate Sanctions and an excise tax. An excise tax is baked into the cake when the individual is paid. As a practical matter, Intermediate Sanctions would apply to the individuals and would be much like an IRS audit of me or you and likely not public.
Are you trying to have a debate on the technicalities again? Or are you questioning that the IRS scrutinizes compensation for nonprofit directors? Those are different issues...
As I am sure everyone on this board will agree, you can be insufferable at times. You have an agenda and deflect everything to fulfill your agenda.
Having said that, I've never debated you on technicalities, so I'm not sure where the "again" comes from. I'm sure you will make something up or deflect to explain.
I've never said that the IRS does not scrutinize compensation for directors of nonprofit organizations. I represent several nonprofit organizations and understand the drill. However, you originally said that the fact that the IRS had not imposed an excise tax is evidence that there was nothing wrong with the UL foundation, and that was in fact wrong. You act as though you are smarting than everyone, and just are not. Why don't you hold yourself to the standard you hold others to? My opinion is because you are an internet bully that is kind of like Fidel Castro. Originally loved by the masses, but eventually everyone figured out that you are crazy and self centered, and therefore turned on you.
You might have to find another forum, because people are starting to turn on you because of your blind, ignorant support of the people that put UL in the position that it is in.
Thanks for the slapd!ck advice.
While I certainly appreciate your perspective, I can't help but point out that one of us is where he's supposed to be. And recognizing that doesn't make me (more) "smarting" than everyone.
Good luck with your nonprofits. They probably need it...
I like the way you respond to nothing other than pointing out one typo. You prove my point for me. So, a fan of another team is not welcome to come on this board and point out anything? I'm not sure you are where you are supposed to be.
See, the University of Louisville, from which I hold two post graduate degrees, is as much my University as anyone's. The University is an educational institution that happens to have sports teams. As much as you want it to be the other way around, it just ain't. So, when people in charge embarrass legitimate professionals, not bs internet bullies that claim to be professionals, we have the right to stand up and be here. I think more people here agree with me than you. It goes way beyond what color the kids we cheer for wear.
Try not to trample anyone running for the moral high ground.
I'll compare my history here in the real world to a slapd!ck with six posts any day. Sample your audience if you wanna put us both to that test. And unlike you, I'm not groveling in search of enlightenment or maturity or life's inner meanings or fan support...
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Criminality would be easily defined as gaining personally from the proceeds of illicit endeavors. "Illicit" in this case would mean if that money escaped from UofL's overall best interest and landed somewhere to someone's benefit.
This is why Zipp insists the IRS would be - at worst - a "last resort" line in the sand, because they have subpoena and investigative powers of their own if they smell a rat.
If the money circulating around the city and country never left the confines of the UofL interest, then, while there may have been cowboy accounting practices, or less-than-transparent moves made within the University itself (which could be fireable offenses), criminality, once again, is not even in the windshield.
This is why Zipp insists the IRS would be - at worst - a "last resort" line in the sand, because they have subpoena and investigative powers of their own if they smell a rat.
If the money circulating around the city and country never left the confines of the UofL interest, then, while there may have been cowboy accounting practices, or less-than-transparent moves made within the University itself (which could be fireable offenses), criminality, once again, is not even in the windshield.
On the lawsuit of UofL against Ramsey and others........
I am personally delighted. If by some chance they are let off or if they are ruled guilty of thievery, it will finally at least shut the drama queens up. Holy Jeezis, this is old and worn.
People are making literal careers out of Louisville's various peccadilloes, lol, and not just lawyers. Media hypes constantly dig for info on these message board forums, lol. The radio shows we seem addicted to - honestly, is work that boring? - earn weeks and weeks of virtual aural "clicks" on this bait, exploiting our anxieties.
Let the lawsuit proceed - if it does. We may finally get to find out the manner in which things were done. This was never a bad thing. That way we can see if someone is the "thief" we so loudly claim they are in our frigging ignorance but uncontained verbal garbage and slander...........or, if we find they were merely "cowboys: in an unregulated accounting environment, it will at least allow a laugh as we confront our failed judgmentalism. Or if nothing at all happened. Not, lol. People's oh-so-ornery-and-appalled convictions are assigned along with whatever particular agenda moves them at the moment.
The hubris is not just Ramsey's, to me. It's many folks who pontificate on issues they know diddly squat about. Fuggin wankers. How to ruin a good thing. Making a mess out of what you love in satisfying egotistical increments.
I am personally delighted. If by some chance they are let off or if they are ruled guilty of thievery, it will finally at least shut the drama queens up. Holy Jeezis, this is old and worn.
People are making literal careers out of Louisville's various peccadilloes, lol, and not just lawyers. Media hypes constantly dig for info on these message board forums, lol. The radio shows we seem addicted to - honestly, is work that boring? - earn weeks and weeks of virtual aural "clicks" on this bait, exploiting our anxieties.
Let the lawsuit proceed - if it does. We may finally get to find out the manner in which things were done. This was never a bad thing. That way we can see if someone is the "thief" we so loudly claim they are in our frigging ignorance but uncontained verbal garbage and slander...........or, if we find they were merely "cowboys: in an unregulated accounting environment, it will at least allow a laugh as we confront our failed judgmentalism. Or if nothing at all happened. Not, lol. People's oh-so-ornery-and-appalled convictions are assigned along with whatever particular agenda moves them at the moment.
The hubris is not just Ramsey's, to me. It's many folks who pontificate on issues they know diddly squat about. Fuggin wankers. How to ruin a good thing. Making a mess out of what you love in satisfying egotistical increments.
Yet another thread - utterly redundant - where someone hurls themselves up against a smiling Zipp. I admit, I sort of enjoy it. But this is also better covered in the other thread which deals with this very identical problem - it even has a very handy title to match this one, as inventive as this may be.
There are differences between criminal acts and ones that result in civil lawsuits. Ramsey may or may not have done something that rises to the level of pure criminal embezzlement but apparently the Board believes he still benefited improperly which resulted in the civil action. I doubt the IRS is going to get involved in this because excessive comp cases are rare and there is no doubt Ramsey reported this money on his tax return. Of course the Ramsey fan boys are never going to believe he did anything wrong.
Any civil suits are usually filed after the criminal case has been completed, so apparently no one has any kind of investigation going or it wouldn't have been filed. I'll stop short of saying there's been no criminal acts committed because I simply don't know much about what's went on. That being said this is usually how a conspiracy works they go back and cover they're tracks and do things to make criminal prosecution next to impossible by sacrificing someone like Ramsey it taints further criminal prosecution for others who may have been involved.
Very few civil suits are filed as a result of criminal actions relatively speaking. It is unlikely there will be a criminal case with Ramsey and his crew. This is more like the Steve Henry civil fraud case when the feds sued him over Medicare billings but didn't attempt to prosecute him.
Could it be a possibility that his crooked ass father was in cahoots with the real clown show?
I for one have always thought that the crooked financial side of things in regards to the previous administration went all the way to the top (Governor). I mean, this is a state funded school and all.
You mean, the same foundation that an unqualified son of our AD was paid an exorbitant amount of money out of? That one?
Nepotism
This being the case, the definition of "the Board believes he still benefited improperly" needs some serious definition. It is indeed the entire basis for the suit, is it not? Why would this be vague? It is either clearly based on some asset personally benefitting an individual - or not.
You mean the 2 time All American baseball player who graduated from UofL in Business Administration? Who has been at UofL for 9 years prior to his firing? Whose fiundraising was by any criterion, successful and who oversaw hundreds of millions of dollars worth of various construction projects to successful conclusions? That "unqualified" guy?
I don't see your issue. Someone who has a fiduciary responsibility acted in his own self interest. He did not act in a fashion that necessarily indicates criminality such as with concealment. It is a civil issue and involves imprudent behavior and self dealing.
Does this rise to the level of suing to collect - well, what, exactly? Fines and penalties based on his efforts? Damages?? Seriously?
I think maybe you missed what I was trying to say. If an agency had an on ongoing criminal case from this they would have stepped in and tried to stop any civil actions until the case had been resolved, that's it. I'm not doubting there will not be any criminal charges at all, but that's not to say there shouldn't be either that I know of there's been no type of criminal investigation done so who truly knows if there were any laws broken or not. The Rico laws are so far reaching I'd hazard the guess that it would simply take the right Assistant US District attorney to see it as a slam dunk verdict with his picture all over the place.
The younger Jurich made a salary in line with Jurich's other direct reports who were not related to him. Despite the time you spend with the rest of us, you remain clueless...
The BoT filing suit is simply their side of a story, nothing more. The step of filing indicates they have a lawyer willing to proceed. It insinuates wrongdoing, but it proves nothing.
And what people "believe" who have very little credibility to start with is just about worthless...
I have not read the lawsuit. I don't know if they are seeking some type of repayment, damages or what. I assume they do want a court to judge that Ramsey was in violation of his fiduciary duties but I don't know what they seek in terms of damages.
Thanks for letting us know that a lawsuit is just one side of the story just like the one filed by Pitino.
As a legal strategy, most lawyers would gladly suspend a civil lawsuit until completion of any criminal action unless there was some statute of limitation issue. Why not let the government do your work for you? Also, based on the known facts, it does not appear at this time that what Ramsey did would constitute criminal embezzlement so an AUSA would not be interested. If you want to see what a real embezzlement looks like, look at the one at U of L with Robert Feiner, the Dean of Education.
And back atcha for reminding us what the clown show "believes". I needed clarification...
