Mississippi Business Journal » athletes

Audit shows USM’s athletic department’s debt nearly doubled in one year

Associated Press — Mon, 14 May 2012 13:07:04 +0000

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 [...]

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Supervisors dissolve board in anticipation of new commission

Associated Press — Tue, 08 May 2012 15:25:23 +0000

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 [...]

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Ex-NFL player going to jail for defrauding investors

Associated Press — Wed, 02 May 2012 19:40:37 +0000

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 [...]

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Lawyer reports McAllister, Nissan reach settlement

Associated Press — Fri, 27 Apr 2012 21:26:01 +0000

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 [...]

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City accepting bids to construct $11.3M aquatic center

Associated Press — Thu, 12 Apr 2012 14:36:33 +0000

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 [...]

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Judge postpones ex-NFL player’s sentencing for fraud

Associated Press — Tue, 21 Feb 2012 13:48:01 +0000

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 [...]

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Payton, Brees, Manning among Saints taken by scammer

Associated Press — Mon, 16 Jan 2012 18:32:06 +0000

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, [...]

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Texans face prison for Ponzi scheme involving ex-NFL player

Associated Press — Wed, 11 Jan 2012 19:10:33 +0000

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 [...]

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Ex-NFL player pleads guilty to business scam

Associated Press — Fri, 07 Oct 2011 13:57:03 +0000

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 [...]

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McAllister-Nissan settlement conference delayed

Associated Press — Mon, 26 Sep 2011 16:43:46 +0000

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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