So LSU discovers they accidentally overpaid Kelly $1 million in 2022. Wasn't surfaced by Kelly or his folks mind you but from an audit.
Thinking it's kinda' hard to miss an extra mil in your accounts?
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So LSU discovers they accidentally overpaid Kelly $1 million in 2022. Wasn't surfaced by Kelly or his folks mind you but from an audit.
Thinking it's kinda' hard to miss an extra mil in your accounts?
Well Kelly didn't know the FBI is doing the auditing there now.Quote:
Originally Posted by EdwardDrayton
When you make a million a month you might not notice. Probably doesn't have to worry about overdrafts.Quote:
Originally Posted by EdwardDrayton
It's possible I guess but I'm a little skeptical. We've picked up overpayments before --- not on that absolute dollar scale of course --- but on a similar percentage scale and notified the bank before their folks even caught it.Quote:
Originally Posted by RocketDawg
My initial thought was it was intentional by the university so he could use it to sway hesitant athletes - extra unaccounted for money! :mad:
You'd think the University would have noticed without an audit. I was being a little facetious, but really, when you're in that salary range you might be pretty much be oblivious to deposits. I certainly wouldn't know from experience. People have gotten in trouble before for not reporting and using erroneous deposits, however.Quote:
Originally Posted by EdwardDrayton
If my paycheck was 50 cents high or low I would notice. It’s called tending to your business.
Exactly. There is something off here.Quote:
Originally Posted by somebodyshotmypaw
Same here. Something fishy about this. Of course you're talking about lsu here so doing crooked things don't even count as wrong-doing down there.Quote:
Originally Posted by somebodyshotmypaw
If somebody overpaid an employee by $1 million, I would hope somebody got fired quickly.
But why would LSU want to go through him to do that? That's unnecessary.Quote:
Originally Posted by Extendedcab
Just do it through the LSU version of Charlie Winfield.
My thought is maybe he has a mistress that they want to keep happy and quiet.Quote:
Originally Posted by Commercecomet24
Giving the money to Kelly would make sense then because if they are audited then whoever is doing the audit is going to be like "Hey, why did you give 1 million dollars to this Mrs Boudreau? What's her job title at LSU?"
I bet they just say it was an error or that it was a bonus.
I was overpaid one pay cycle and called accounting to see if I had gotten a raise, they were like oh shit! No you didn’t but Thanks, just keep it with the knowledge that your next direct deposit will be almost nothing.
I always wondered if they would’ve ever caught it. But I know for a fact they had to review the whole company’s payroll that cycle to make sure I was the only one.
My wife had to talk me into calling them about it bc I was considering playing dumb. They say they would’ve eventually caught it but I’m not so sure.
Quote:
Originally Posted by Schultzy
Considering?
Its always the rich that get an erroneous over payment. Waiting for that call.
I thought it would be yet even another way they could get recruits money outside the normal channels. If you're crooked, you think of different ways to cheat the system. I just saw this as another back channel - another way to cheat.Quote:
Originally Posted by Todd4State
If I was making $1 million/month and ended up with an extra million, I would never know it. After the first few months I would be good and have funds setup to transfer to certain accounts. Some of those I would check seldom. I could see this happening to a rich person.Quote:
Originally Posted by Commercecomet24
So you are saying you are crooked ?Quote:
Originally Posted by Extendedcab
I've worked with people that have their pay routed directly to a private banker. Banker then drops a set amount in their checking account and directs the leftovers to different investments pursuant to an agreed upon plan.Quote:
Originally Posted by somebodyshotmypaw
It wouldn't shock me at all if Kelly had that arrangement and nobody notified him he was getting extra. Especially if it was $1M spread out over a year rather than one, $1M payment.
Maybe, but the wealthy people I know track almost every single penny. It's the reason they're wealthy is because they know where their funds are coming from and where they're going. I'm not buying he didn't know and even if he didn't someone at lsu should've caught it. Naw there's something fishy going on I mean it is lsu lol!Quote:
Originally Posted by DownwardDawg
I had a friend at work that had his retirement income figured incorrectly and they wanted it back after a year. It was discovered when someone else retired and they figure his wrong as well. That guy knew his business and corrected them. They went back to check and found this other guy's was figured incorrectly as well.
He was working for a company that was bought out. The employees were given a lump sum for that time served for retirement. The new company was not supposed to honor those years served. When they figured his retirement, they gave him credit for those years. They ending up in a lawsuit because he would not have retired. They ended settling out of court. He was able to keep the extra money for that year but his retirement was reduced from that point forward.
To be fair, I highly doubt any college football coach checks their check stubs ever. I wish I could go a week without balancing my stuff and just know I am good to buy whatever without worrying about next month. Could you imagine that luxury??
Ha ha, Funny no! Crooks are always looking for new ways to steal, lie, cheat or whatever! Just read the news articles about crooks and it is amazing at the inventive, note I am not saying smart, ways to cheat!Quote:
Originally Posted by Maverick91
Could be that between his contract and what LSU pays him, what the private association pays him, etc, that an accountant at LSU got confused and included a clause as something LSU pays when it should be coming from the private foundation.Quote:
Originally Posted by EdwardDrayton
The extra million was paid to an LLC. Not to Kelly directly. FwiwQuote:
Originally Posted by Todd4State
Anytime lsu and money are involved it's not an honest mistake. There's something else to this, now will we ever know? Lol no.
I would never do this. That much money corrupts even the most virtuous folks, especially with little to no internal controls. I would watch my money like a hawk.Quote:
Originally Posted by Johnson85
As the employee, you would still get some type of paystub. And Kelly should look at his paystub if he has a brain. I operate a business (I don't own it) worth over $100 million. I assure you I would notice a $1 million issue in the business. Heck, we had an issue two weeks ago, where something was off by $28. We found the $28.Quote:
Originally Posted by Johnson85
The saddest part is they are getting away with it more and more.Quote:
Originally Posted by Extendedcab
Actually it was paid to the LLC and the coach directly.Quote:
Originally Posted by confucius say
Just further affirmation that even when the just and moral way is easy the coonass wants nothing to do with it if he can’t cheat then try to rub your face in it.
It's hard to imagine Brian Kelley having a mistress (but I guess Orgeron did).Quote:
Originally Posted by Todd4State
Money has a way of hypnotizing some women into seeing only 'inner beauty'.Quote:
Originally Posted by RocketDawg