Nike-USATF-Siegel Subject of a Federal Criminal Investigation

Pretty sure they are checking for money under the table.....

Great to see the feds so something. IAAF awarding USA Worlds 21’ without the bidding process is about as obvious Nike corruption as it gets. Hoping they catch them.

cramberrys wrote:

Great to see the feds so something. IAAF awarding USA Worlds 21’ without the bidding process is about as obvious Nike corruption as it gets. Hoping they catch them.

And than people are surprised why nobody is interested in Track & Field anymore.

To answer your own questions, go read the USATF bylaws.

wejo wrote:

They have done things outside of non profit norms

Unfortunately, you are wrong on this. Non profit companies have a LOT of money floating around, and take a wild guess as to where it goes.

ehehh wrote:

To answer your own questions, go read the USATF bylaws.

Can you please explain and try to be more helpful? I need to know where to look.

malmo wrote:

This sh!t didn't begin with Siegal. The Masback regime had been threatened by the USOC for decertification TWICE. Masback then proceeded to give away everything to Nike, and was rewarded for his dirty deed with a sinecure in the Nike executive suite in an 11th hour deal. Scumbag.

There are good people out there who could Captain this foundering ship and none of them have an association with the evil empire.

Yes but G, Max took it to a new level.

When I was interviewed for the gig in 2011, I was told the job offered 500K with bonuses. Now $4.2M later, Max has enriched himself like a true democrat in DC while 90% of the athletes make less than 20 grand a year (sadly still supporting him.)

If this were a WADA test, this would be a lifetime ban.

Fantastic! I always thought that this "deal" smelled BAD!

Planned Release? wrote:

The USATF Convention begins in Orlando tomorrow. There is an effort being led by Max and the Board to basically assume a dictatorship type of rule over the sport. There will be a vote to do this on the convention floor. This news no doubt puts the heat and focus on these sinister actors. Sure seems the opponents to the USATF Mafia are doing some serious work to prevent this and keep the organization a democracy of the people of the sport. Part of the problem is the USOPC has encouraged this authoritarian style of leadership so as to get their agenda more easily instituted in the main federations. Discussions on the message board on Track and Field News go into some good detail on this. Anyone going to be on the ground at the meetings in Orlando this week?

In short, the temporary amendments up for vote could result in the board overriding delegate votes or blocking any proposals from going to the delegates to vote.

In theory, this could result in USATF only focusing on elite development and completely withdrawing support for any open membership support or events. USOC could mandate that USATF disband its associations. I know that sounds extreme, but the amendments up for vote could pave the way for that.

Why pay some ex-Nike to negotiate with Nike?

Why not negotiate directly?

Aside from Siegel, who at USATF (2014- present) benefited from locking in a 40y deal?

Interesting!

Earlier this year, a Nike employee was convicted by the Feds of enriching himself by directing Nike business contracts under his control to a side hustle firm that he owned.

I wonder if the FBI discovered that this was a common practice and found a link to USATF and Siegal's media company? Perhaps someone at Nike acting as a paid consultant to or holding loads of influence over USATF directing company and USATF money to their own fiscal interests or firms owned by other Nike or USATF employees?

Perhaps the Feds found in the documents the payments that Nike has made to college athletes as alledged like Zion Williamson and as has come out in the Robert Johnson scandal, that he accepted money to try to direct Oregon athletes to accept Nike deals at below market prices by directing them to agents that were pro-Nike agents. There are so many levels where this can go. Lots of people have to be sweating bullets if the cold, hard evidence of all of this comes out as it seems it may be soon. Feds don't go to a Grand Jury until they are ready with some serious evidence.

agip wrote:

It was just a matter of time - all those contracts, all that Nike money sloshing about.

Siegel...has he been just one more guy profiting off money that should go to the athletes?

And it's gone to a grand jury so there must be a lot of evidence of wrongdoing.

https://www.runnersworld.com/news/a38389276/usatf-nike-financial-relationship-criminal-investigation/?utm_campaign=socialflowTWRW&utm_source=twitter&utm_medium=social-media

and now we know why Jerry Schumacher gets so many favors from the USATF! Getting convicted doper Shelby Houlihan into the US OT is just one example. After many complaints, the USATF had to reverse this and Shelby was not allowed to compete.

malmo wrote:

This sh!t didn't begin with Siegal. The Masback regime had been threatened by the USOC for decertification TWICE. Masback then proceeded to give away everything to Nike, and was rewarded for his dirty deed with a sinecure in the Nike executive suite in an 11th hour deal. Scumbag.

There are good people out there who could Captain this foundering ship and none of them have an association with the evil empire.

rojo wrote:

[quote]wejo wrote:

[quote]Runner Person That Goes Slow wrote:

.

And I'm not hoping for a certain outcome - I want the truth to come out. Well, that's not totally true, I want change at the top as I think it's disgusting for a non-profit CEO to make that much.

By now you should know that the norm is that NOTHING usually happens when Nike is involved. They have the best lawyers in the world.