Outside The Lines

[buckeyebri]

Outside the Lines decided to attack Tressel tonight, stating that he has had this type of issue in his past while at YSU.

They also showed more of talk from Clarett stating all the Buckeye starting players were on the take. They furthered this by taking Robert Smiths comments out of context.

These guys are a true piece of work

 

[scooter1369]

This is all a vast conspiracy devised by Urban Meyer to get JT canned so he can come to Columbus.

the voices.... ahhhhh my head..... where's my tin foil?....

 

[Saw31]

Outside the Lines decided to attack Tressel tonight, stating that he has had this type of issue in his past while at YSU.

If this is what they were talking about, they better start rethinking what their trying to do here.

from the Morning Journal

Ray Isaac, the quarterback on the 1991 Youngstown State team that won the I-AA national championship, admits to taking more than $10,000 and several cars from Mickey Monus, a former YSU board of trustees president who is now serving a lengthy prison sentence for fraud and embezzlement.

The allegations first arose in 1994, when the NCAA urged Youngstown State to do an in-house inspection. It did, but turned up nothing. In 1998, the case exploded and all the details came out.

But conveniently enough, by then it was beyond the NCAA's four-year statute of limitations. The school self-imposed a number of penalties, the NCAA commended its thoroughness and the school was allowed to keep its national championship.

In an interview with the Dayton Daily News last year, Isaac said Tressel ''never, ever'' knew about the benefits and called Tressel his best friend in the whole world.

''Mickey assured me Tressel wouldn't find out and I don't think he did,'' Isaac said last year. ''I didn't stick it in his face.''

Asked last year about the similarities between Isaac's case and that of Clarett, Tressel said he didn't see any similarities and didn't elaborate beyond that. Still, those close to him now continue to defend his character and integrity.

Morning Journal

For those of you who don't know Mr. Monus. He is the perfect bspn source, you know, credibility is key. Maybe they should interview him.

From Journal of Accountancy

Since he was a kid, Mickey Monus loved all sports—especially basketball. But with limited talents and height (five foot nine on a good day) he would never play on a professional team. Monus did have one trait, however, shared by top athletes: an unquenchable thirst for winning.

Monus transferred his boundless energy from the court to the board room. He acquired a single drugstore in Youngstown, Ohio, and within 10 years he had bought 299 more stores and formed the national chain Phar-Mor. Unfortunately, it was all built on ghost goods—undetected inventory overstatements—and phony profits that eventually would be the downfall of Monus and his company, and would cost the company’s Big 5 auditors million of dollars. Here is how it happened.

After acquiring the first drugstore, Monus dreamt of building his modest holdings into a large pharmaceutical empire using power buying, that is, offering products at deep discounts. But first he took his one unprofitable, unaudited store and increased the profits with the stroke of a pen by adding phony inventory figures.

Armed only with his gift of gab and a set of inflated financials, Monus bilked money from investors, bought eight stores within a year and began the mini-empire that grew to 300 stores. Monus became a financial icon and his organization gained near-cult status in Youngstown. He decided to fulfill a sports fantasy by starting the World Basketball League (WBL) in which no players would be over six feet tall. He pumped $10 million of Phar-Mor’s money into the league.

However, the public did not like short basketball players and were not buying tickets. So Monus poured more Phar-Mor money into the WBL. One day, a travel agent who booked flights for league players received a $75,000 check for WBL expenses, but it was disbursed on a Phar-Mor bank account. The employee thought it odd that Phar-Mor would be paying the team’s expenses. Since she was an acquaintance of one of Phar-Mor’s major investors, she showed him the check. Alarmed, the investor began conducting his own investigation into Monus’s illicit activities, and helped expose an intricate financial fraud that caused losses of at least half a billion dollars.

THE GAME IS OVER

Generating phony profits over an entire decade was no easy feat. Phar-Mor’s CFO said the company was losing serious money because it was selling goods for less than it had paid for them. But Monus argued that through Phar-Mor’s power buying it would get so large that it could sell its way out of trouble. Eventually, the CFO caved in—under extreme pressure from Monus—and for the next several years, he and some of his staff kept two sets of books—the ones they showed the auditors and the ones that reflected the awful truth.

They dumped the losses into the “bucket account” and then reallocated the sums to one of the company’s hundreds of stores in the form of increases in inventory costs. They issued fake invoices for merchandise purchases, made phony journal entries to increase inventory and decrease cost of sales, recognized inventory purchases but failed to accrue a liability and over-counted and double-counted merchandise. The finance department was able to conceal the inventory shortages because the auditors observed inventory in only four stores out of 300, and they informed Phar-Mor, months in advance, which stores they would visit. Phar-Mor executives fully stocked the four selected stores but allocated the phony inventory increases to the other 296 stores. Regardless of the accounting tricks, Phar-Mor was heading for collapse. During the last audit, cash was so tight suppliers threatened to cut the company off for nonpayment of bills.

The auditors never uncovered the fraud, for which they paid dearly. This failure cost the audit firm over $300 million in civil judgments. The CFO, who did not profit personally, was sentenced to 33 months in prison. Monus went to jail for 5 years.

Mickey Monus Case Discussed

 

[Holy Buckeye!]

Any Dipshit named Mickey in this story is a total zero, loser, mick who?


I'm sick of these attention whores.

Play football Moc if you want to make news and Mickey Mouse balls keep sucking dick or doing whatever the hell you do in your little shitty world.

 

[Buckmark1]

After watching OTL tonight I think this thing is over!! ESPN has shot their wad and there is no "smoking gun" or major climax to the story. It is all old stuff that was already investigated. It has just been a forum for Mo and a wet dream for ESPN. Ithink they believed that the "evidence" would show up, but of course it isn't there.


Kind of like dreaming that you are making it with Miss September only to wake up and find the same old same old!! Sorry ESPN, you got all you are going to get!

 

[Folanator]

I posted this on another thread but it is more appropriate here.
With the "new" informaton from MC on outside the lines I saw this AM about how 10-20 members of the team were on the take, when will CK and the boys start to step up and say this is enough? I have to think that here are a bunch of '02 team members that are loosing it right now.
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[ysubuck]

Andy Groom has spoken on the subject. Krenzel was asked briefly about it, but about Mo C specifically and not any allegations against other players.

 

[UpNorthBuckeye]

I googled "Maurice Clarett" yesterday and caught a link to a Chicago Tribune story quoting Krenzel and Tim Spencer (Spencer is with the Bears, too). They tried not to discuss it, but basically said they didn't know of that kind of thing, and also said, it starts with the character of the player --- implying that MoC was the kind of guy who tried to use his celebrity and status to gain special favors. Because there are always eager boosters hanging around, it's ultimately up to the players, encouraged by the coaches, to resist temptation and to stay away from situations that create problems.

But yes, let's see other ex-Bucks step up and defend the program. I believe we will see it.

Will Herbie do it this weekend?? You know ESPN will ask him to comment....

Go Bucks!!!!
Beat Purdue, Beat Michigan, Win your bowl game and show 'em all!!!