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A New Report Accuses Dan Snyder Of Fraud And Scamming His Partners, Such As Charging Them $4.5 Million To Put The Team's Logo On His Private Jet, Calling It An "Advertising Fee"

 

Babe wake up, a new article outlining the fraud and financial misconducts by Dan Snyder just dropped!

Just another day, right? You wake up, you brush your teeth, you drink your coffee, and you read an article about what a slimeball Dan Snyder is. 

This one is especially fun and juicy, because it outlines how Snyder stole money from the team and from his partners, including charging the team $4.5 million to put the logo on his private jet, calling it an "advertising fee".

 

ESPN - They said Snyder's "brazen actions have the obvious purpose of protecting Snyder's self-dealing and other unauthorized conduct from being further exposed, questioned or restrained by the Board -- and of enabling him to continue using [the team] as a personal piggy bank."

With the benefit of the financial report and their own digging, the partners alleged that Snyder had used team funds to help pay for his two "personal yachts, multiple residences, the services of more than 60 members of his personal staff, multiple vehicles in the U.S. and Europe and countless meals, wine/beverages [and] entertainment."

The partners said they discovered Snyder had leased his personal jets back to the team. Besides Snyder paying himself a salary of $10 million a year, he also had arranged for the franchise to pay him a total of $4.5 million for having the team logo emblazoned on his personal jet. "An advertising fee," Snyder had called it, documents show.

But the partners said the logo on Snyder's private jet "provides little or no advertising value." And besides, they said, they never approved the millions per year Snyder paid himself.

 

As they say in the old country, "scammers gonna scam". That's how he built his fortune and that's all he's been since he bought the team, a big fat phony, scammer, fraudster. He's just a bad person through and through, deep down to his core.

And yes, Roger Goodell allegedly knew Snyder was committing fraud but he actively ignored it, swept it under the rug, and was complicit with Snyder's shady, possibly illegal dealings.

 

During a confidential arbitration, the former partners demanded that the NFL investigate the origin of Snyder's loan. But neither NFL commissioner Roger Goodell, whose signature granted league approval for the team to take on the new debt, nor the NFL arbitrator investigated the partners' allegation of financial wrongdoing, according to hundreds of pages of confidential NFL arbitration documents obtained by ESPN and more than a dozen interviews.

One source with firsthand knowledge of the proceedings told ESPN the partners believed Goodell and NFL general counsel Jeffrey Pash sided with Snyder over them.

"Three billionaires -- not a few whistleblowers -- alleged to the NFL arbitrator that their partner had possibly committed bank fraud," the source said. "This is jail time type of fraud. The NFL owes them as much of a fair shake as it owes Snyder. And the league had no interest in finding out what happened. They buried it and didn't investigate it and covered it up."

 

So that's today's update with this motherfucker. As I said yesterday, I'm not concerned about the rumors that he might not sell the team- because if he doesn't, the other owners will vote him out. Hopefully he finally agrees to take his ball and go home and ends this absolute madness once and for all.