cabanafrau
DIS Veteran
- Joined
- May 10, 2006
Oh yes. $70 million. That was an unfathomable number to me the first time I read it. That's why that huge number didn't stick in my head.
But, the point Harvey Levin tried to make is, if Lori & Mossimo had hired whomever Dr, Dre & Jimmy Iovine had, it would have been done legally and they'd be in the clear. They just, unfortunately, went to Rick Singer, who happened to use tactics like bribing coaches & forging documents. But, they, themselves didn't know they had hired a lying cheat. They allegedly did what he said and knew it was wrong, but they didn't think it was illegal.
My point is that Dr. Dre, Jimmy Iovine and whatever company umbrella they were under as far as the donation went was a front door, official transaction with the endowment arm of the university. Their transaction involved many of the same steps that average Janes and Joes use to donate to their alma mater, some via their estate plans when they die. Lori and Mossimo weren't making an endowment or a donation -- if they were they would have called up someone at the university themselves or handled it through their existing legal and financial team. The fact that they knew enough to know they needed a special guy is proof they knew they weren't sending the money through the front door or expecting a receipt for tax purposes.