by Associated Press Published: May 14,2012
Tags: athletes, athletics, budget, colleges, collegiate athletes, collegiate athletics, collegiate sports, debt, education, higher education, sports, universities
HATTIESBURG — The University of Southern Mississippi athletic department’s debt nearly doubled between the start of the 2010-11 fiscal year and fall 2011. An audit acquired through a public records request shows that the department owed $439,255 in fall 2010 and $790,398 last fall, The Hattiesburg American reports. Football was the only sport that did [...] [...]
NATCHEZ — The Adams County Board of Supervisors has voted to dissolve the Adams County Recreation Board in anticipation of the coming Natchez-Adams County Recreation Commission. Supervisors vice president Mike Lazarus tells The Natchez Democrat yesterday the five-member board, which is tasked with the maintenance, improvement of and handling of donations for county parks, had [...] [...]
by Associated Press Published: May 2,2012
Tags: athletes, athletics, football, fraud, investing, investors, jail, prison, professional athletes, professional athletics, professional sports, sentencing
JACKSON — Former NFL football player Jeffrey Walker is going to prison for defrauding investors in four states of more than $2 million in what prosecutors say was a land development scheme involving property in China. A federal judge sentenced Walker to 45 months for wire fraud and 36 months for tax evasion. The sentences [...] [...]
by Associated Press Published: April 27,2012
Tags: athleitcs, athletes, automobile dealerships, automobiles, bankrupt, bankruptcy, car dealerships, courts, lawsuit, professional athletes, retail, settlement
JACKSON — A lawyer for Deuce McAllister says a deal has been reached with Nissan Motor Acceptance Corp. in a federal lawsuit over the former Ole Miss and New Orleans Saints running back’s failed Mississippi car dealership. Attorney Joe Roberts tells The Associated Press the settlement has been submitted to the court for approval. He [...] [...]
by Associated Press Published: April 12,2012
Tags: aquatic center, athletes, athletics, bidders, bidding, bids, builders, building, community development, construction, constructors, diving, exercise, health, health care, sports, swimmers, swimming, swimming pool
TUPELO — The city of Tupelo has issued a call for bids on the estimated $11.3 million indoor aquatic center. Companies have until May 1 to submit proposals. The Northeast Mississippi Daily Journal reports construction could start by July if the city can pick a general contractor this spring. Construction is expected to take 14 [...] [...]
by Associated Press Published: February 21,2012
Tags: athletes, athletics, courts, fraud, investing, investments, investors, judge, judicial, judiciary, professional athletes, professional sports, scam, scheme, sentencing, tax evasion, taxes, wire fraud
MADISON — A federal judge has put off a former NFL player’s sentencing to give prosecutors time to notify possible fraud victims in Mississippi, Tennessee, Florida and Arizona. The Clarion-Ledger reports that the amount of Jeffrey Walker’s restitution payment will depend on the number of victims. Sentencing had been scheduled for last Friday. Federal assistant [...] [...]
by Associated Press Published: January 16,2012
Tags: athletes, athletics, films, investing, investment, investors, movies, professional sports, scam, tax credits
NEW ORLEANS — Unlike this season’s winning on the football field, current and former members of the New Orleans Saints who bought nonexistent tax credits from a defunct movie studio are likely to come out big losers — perhaps getting back only 15 percent of their investment. The Saints personnel — including coach Sean Payton, [...] [...]
by Associated Press Published: January 11,2012
Tags: athletes, courts, fottball, fraud, investing, investment, investors, law, ponzi, professional athletics, scam, scheme, sports
SAN ANTONIO, Texas — Two people in South Texas face up to 18 years in prison over a Ponzi scheme involving ex-NFL player T.J. Slaughter and other investors. Alan Keith Nelsen and Mary Alice Monteza pleaded no contest in San Antonio to setting up a fake international investing firm. Slaughter in 2009 filed a complaint [...] [...]
by Associated Press Published: October 7,2011
Tags: athletes, athletics, courts, investing, investments, investors, pleas, professional athletes, professional sports, scam, scheme, sentencing, sports
JACKSON — A former National Football League player and Mississippi businessman has admitted to using investors’ money for a planned resort area in China and to buy himself a luxury van, a boat and other items. The Clarion-Ledger reports 48-year-old Jeffrey L. Walker, formerly of Madison, pleaded guilty yesterday in U.S. District Court to wire [...] [...]
by Associated Press Published: September 26,2011
Tags: athletes, athletics, automobile dealerships, automobiles, bankruptcy, courts, lawsuit, professional sports, settlement, sports
JACKSON — A settlement conference has been postponed in a lawsuit related to a Nissan dealership that was owned by former New Orleans Saints running back Deuce McAllister. McAllister’s Nissan dealership in Jackson closed after filing for bankruptcy in 2009. A settlement conference the case had been scheduled for tomorrow, but that’s been pushed back [...] [...]
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