SVJ: OSU Player Appears to Have Paid for Vehicle

Submitted by Geaux_Blue on

http://sports.espn.go.com/ncf/news/story?id=6526673

Columbus Dispatch reporting vehicle sold for $13k. Still excessively low for the vehicle but the conflicting reports, and questions regarding why it was submitted as $0 a year later, still keeps the pressure on the dealership and the salesman to disclose all the facts and cooperate with any federal investigations that reveal facts...

 

Former Ohio State linebacker Thaddeus Gibson didn't understand why his purchase of a used Chrysler 300C was listed at $0 in documents disclosed in a media report, since he was still making payments on the vehicle.

Now, newly uncovered documents appear to back up Gibson -- to the tune of $13,700.

In an initial report on Ohio State's investigation of car sales to athletes and their families, the Dispatch cited documents showing a purchase price of $0 for Gibson's car.

But on Wednesday, the newspaper reported it obtained a previous title on the vehicle listing the purchase price as $13,700 for a sale dated June 27, 2007 and financed through Huntington National Bank.

The title listing the purchase price as $0 was dated March 6, 2008 and listed the same bank as the lender, according to the report.

Important to note: car salesman was receiving tickets to sporting events from OSU/players. This would qualify him as a booster, meaning any impropriety, however slight, would take this to Ed Martin town.

D.C. Dave

May 11th, 2011 at 4:41 PM ^

All that really matters here is whether the Ohio State player broke the law or violated NCAA rules, or both. And that has nothing to do with whether Gibson can show he paid for the car. What matters is how much he paid relative to the true retail value of the vehicle -- basically the NCAA will examine the deal he got vs. the deal that would be offered to a typical customer, and whether documents were falsified. Here's betting OSU is in trouble on both fronts:

1. If the player paid 13K for a car that any customer coming in off the street could not purchase for the same price, or thereabouts, it's a violation of NCAA rules. I am guessing that a 2007 Chrysler 300 with 14,000 miles on it, sold in 2007, was worth more than 13k. These cars, reasonably equipped, retailed for $40k MSRP when they were new.

It matters not whether the dealership bought it at an auction, nor does it matter what the dealership paid for it. All that matters is whether Gibson got a special deal. If he got an extra benefit that saved him money, it's an NCAA violation, and a serious one. It saved him real cash. I'm willing to bet the 13k is either at dealer cost or just above it, a special gift from a fan to a player.

2. If, in addition to that, the player and the dealer cooperated in understating the purchase price on documents filed with the state, such as listing the price as $0, that is usually done to lower the sales tax and state registration fees the customer has to pay on the vehicle. It is a very common ploy done by thousands of consumers across the country, and most don't get caught. But if you do get caught, it's illegal and, depending on the amount, the guilty parties will at least face a hefty fine and could face jail time. States have run stings on this from time to time and it's amazing how many people get nailed and get themselves a criminal record to save less than $500.

Cheating the state and federal government out of tax money is at least a misdemeanor -- if the amount is less than $1,000. If the false documents saved Gibson more than $1,000, it's a felony. For the dealership, it's a big problem no matter the amount because if they've cooperated in such a scam once, you can bet they've done it many times, probably with a number of OSU players. The state will start looking closely and they'll find out.

And I really cannot stomach the defense of the Columbus Dispatch. There has been all kinds of talk about wrongdoing at OSU over the years and the Dispatch has steered clear, remaining the 'homers' they really are. They are getting busy now only because it went public, and I am willing to bet the real editors in news are forcing the 'fans' who work in the sports department to do their jobs. The paper has sucked for years and no matter what happens now, it still sucks.

But I am pleased that this investigation will drag out for a while, which is the best possible scenario for Michigan with one of Ohio's best crop of recruits in 20 years. Just off of what the school has admitted so far with Tressel lying, OSU ends up with multi-years probation, a forfeited 2010 season, loss of scholarships and, ultimately, a new coach. And the last part is too bad, because I think we have a staff in place who will prove to be superior to Tressel, particularly if the head coach and his cheating staff can no longer offer extra benefits to bring in recruits. Does anyone really believe a guy with the questionable character of Terrelle Pryor didn't get paid? Tressel has been doing this since he was at Youngstown State, letting things happen and disavowing knowledge. Even his national championship is fraudulent, won with a running back who probably had committed his first felony before he ever suited up in Columbus. It's a sleazy operation.