Quote:
Originally Posted by rearnakedchoke
wasn't it for the fact that he submitted a fake letter or sale agreement for work that he knew wasn't going to get done? so someone got money (even if it wasn't him) that wasn't coming to them .... i would say that is stealing .... the money had to come from somewhere ...
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Quote:
Originally Posted by JavierDLC
I say mostly anyone would take or want that deal. Yeah I know except for a couple of people on this forum.
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Okay, guys, here is a quote from one article I found talking about the deal he was involved in. It's obviously fraud, and yes, Javi, that is illegal and wrong, period, and we should care about that. Chael's lucky he got probation and isn't in prison. But, I still think he's probably getting a longer suspension than maybe someone else might have gotten.
Quote:
Sonnen "admitted that a financial transaction he conducted was designed to conceal or disguise the ownership and control of the proceeds of wire fraud," according to a Department of Justice statement.
Specifically, Sonnen allegedly arranged for a title company to pay $69,000 to a plumbing company for repairs to a Portland home, which Sonnen was involved in the sale. The release states that Sonnen knew that no repairs would be made to the home. Once the loan was funded, according to the U.S. Department of Justice, the plumbing company was directed by Sonnen to pay $65,000 to the homebuyer as a cash incentive for purchasing the home.
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Does anyone know how this works? It says Chael got the title company to pay and then it calls it a loan. They were obviously trying to hide who the bulk of the money was really going to (the homebuyer), but how were they and who was (if they were even intending to) to pay the "loan" back to the title company?
05-20-2011, 12:00 AM
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