This goes way beyond Cam. They say the FBI, while monitoring the Bingo mess in Montgomery and also investigating the misappropriation of TARP funds by Colonial Bank, uncovered many, many things. Such things include guaranteed winning slot machines for AU players at Milt’s (Colonial Board member, AU Booster) Casino, unmarked ATM cards issued to AU players from Colonial Bank (Bobby Lowder-AU Board Member and Booster; Pat Dye-Colonial Board member, AU employee and Booster), forgiven loans to families, friends, donors, etc.
If true, big time jail time, loss of SACS accreditation which means expulsion from the SEC, huge financial implications for AU, removal of Dye’s name from the field and so on.
Wow if that's true Auburn is in serious trouble. It will be interesting to see how this all unfolds especially since they are in the National Championship hunt.here's a taste for those on the fence about reading the whole thing. (its LONG)
This goes way beyond Cam. They say the FBI, while monitoring the Bingo mess in Montgomery and also investigating the misappropriation of TARP funds by Colonial Bank, uncovered many, many things. Such things include guaranteed winning slot machines for AU players at Milt’s (Colonial Board member, AU Booster) Casino, unmarked ATM cards issued to AU players from Colonial Bank (Bobby Lowder-AU Board Member and Booster; Pat Dye-Colonial Board member, AU employee and Booster), forgiven loans to families, friends, donors, etc.
If true, big time jail time, loss of SACS accreditation which means expulsion from the SEC, huge financial implications for AU, removal of Dye’s name from the field and so on.
Another worthless, but true, blog linkIt is a fact though that Lowder, McGregor, and Rane were the three biggest shareholders of Colonial before it went under. Dye was on its board of directors. All of them are connected.
Dye was forced out of Auburn because of payments to players. Lowder was involved with JetGate, his micromanaging got Auburn on probation with SACS (the organization providing AU's accreditation), and his bank was under federal criminal investigation just before it went under. McGregor has now been arrested under this corruption scandal. I don't know if Rane has any similar incidents on the record, but he has close ties with all the rest.
Regardless of what happens with Newton, Auburn has a problem with being associated with these shady characters. All are big benefactors, and Lowder and Rane are currently on Auburn's board of trustees. Even if this Newton thing goes by and no penalties get imposed on Auburn, that doesn't mean the school is free of issues.
This will not end well if even a fraction of this is true. The only thing that would be fluid is the severity of the punishment. This is another horrible, horrible train-wreck for Auburn...and I just can't tear my eyes away from it!:blink: :blink:
Wow! Sounds like Cam-Gate is just the tip of the iceberg. This is NOT going to end well for AU if this is all true