Has anyone read the posts on college football talk.com as to Cecil Newton's church? I have a theory on how this all went down.
Hiding $200,000 is tough if it goes directly to Cam or Cecil Newton from a donor, but what if the money was given directly to Cecil Newton's church as a charitable contribution(s)? If you read the articles about Cecil Newton's church, they clearly were experiencing extreme financial difficulties. I am not talking about Auburn giving money to the church, but it would be relatively easy for an SEC school to get ten donors to give $20,000 each to a church.
Think about it - wealthy donors actually get to tax deduct their contributions, the church has zero reporting requirement of its finances, donors or anything to anybody, etc. Most of these wealthy donors are going to give money each year somewhere - why not give money to help a church and get the best quarterback for your university to boot? Why give money to a kid directly if you could donate to his Dad's church and take a tax deduction?
Cecil Newton also operates a construction company per this article at CFT.com, so the Church could then pay his construction company an inflated price to do the work, maybe even use old Cam as a ghost sub-contractor or something.
You can all tell I am a CPA I guess by now.
What goes around comes around in life - first we beat Texas, and now old Gene is in trouble - I love it!