Kent State loses $1 million naming rights donation

[tornado]

But the story is long and complex ...and has a mention of Geno and their lawsuit

First - the money was being given by a Kent State alumnus who is a multimillionaire who made his money through commodity & stock brokering...
However - the guy has been caught defrauding investors and is in trouble with the Securities and Exchange Commission...

But -- despite the guy's past - Kent State took the money and was going to honor him by naming their home court after him...even though there's evidence via e mails that the school might have known about his "checkered past" and the controversy it might cause - after all, it's a lot of money and they really need it!

Then the local student paper began to investigate and publish the story and the guy gets ticked and suddenly withdraws his donation - decides he isn't giving a penny!

University officials now have some explaining to do since they have "wined and dined" this "crook" and his wife for the better part of the last year and now they're not getting the donation!!

http://kentwired.com/the-courting-of-jason-cope-behind-the-scenes-of-a-$1-million-withdrawal/

http://jimromenesko.com/2012/01/10/kent-state-alum-pulls-1m-gift-after-student-paper-asks-questions/

http://kentwired.com/our-view-fraudulence-shouldnt-be-overlooked/

Now the student newspaper writer is getting hammered as costing the school a seven-figure gift!!

http://dougbrown8.com/

[patrick_o'brian]

But the story is long and complex ...and has a mention of Geno and their lawsuit

First - the money was being given by a Kent State alumnus who is a multimillionaire who made his money through commodity & stock brokering...
However - the guy has been caught defrauding investors and is in trouble with the Securities and Exchange Commission...

But -- despite the guy's past - Kent State took the money and was going to honor him by naming their home court after him...even though there's evidence via e mails that the school might have known about his "checkered past" and the controversy it might cause - after all, it's a lot of money and they really need it!

Then the local student paper began to investigate and publish the story and the guy gets ticked and suddenly withdraws his donation - decides he isn't giving a penny!

University officials now have some explaining to do since they have "wined and dined" this "crook" and his wife for the better part of the last year and now they're not getting the donation!!

http://kentwired.com/the-courting-of-jason-cope-behind-the-scenes-of-a-$1-million-withdrawal/

http://jimromenesko.com/2012/01/10/kent-state-alum-pulls-1m-gift-after-student-paper-asks-questions/

http://kentwired.com/our-view-fraudulence-shouldnt-be-overlooked/

Now the student newspaper writer is getting hammered as costing the school a seven-figure gift!!
http://dougbrown8.com/

I see Karma has made an appearance.

[tornado]

they shoulda just taken the money silently and negotiated not to put the guy's name on the floor...

[Air Petey]

WOW.......

http://dougbrown8.com/

"When a Kent State student-athlete is arrested and charged with a crime, the athletic department policy in the student-athlete handbook states student athletes ???will be suspended for the next immediate??? regular-season game.

???I would say 90-some percent of the time, if not more, we refer directly to this, and we stick to this,??? Athletic Director Joel Nielsen said, talking about arrests while holding the handbook.

Despite frequent run-ins with the law since last year, including drunken driving, drug possession and disorderly conduct, only one basketball player of the current lineup has been suspended for a game. "

[tornado]

http://dougbrown8.com/2011/12/12/daily-kent-stater-a-different-kind-of-court-despite-policy-basketball-players-rarely-lose-game-time-after-arrests/

[bufans4life]

renegad....

oh...nevermind ha ha

[algotrader]

Cope is well known in the industry. He's basically a smaller version of Bernie Madoff. How so many people thought it was ok to take peoples money, tell them it was invested, not invest it, and then fake trade statements to show it was is crazy.

There is NO WAY to even justify that. How do you find a group of 10-20 people that corrupt?