[update 11.18.2010] Cam Newton Saga – The Cliff Notes Version
Lets make this clear. This is strictly a rumor, but it is too interesting not to post. Message board talk and an email going around is suggesting that Auburn booster Milton McGregor is the one who paid Cam Newton $200,000. Allegedly, he’s the reason the FBI is involved in this whole deal. Here is the email below:
Rumor is that the following news will be released within the next week or so. It has something to do with an FBI bank fraud investigation into the failure of Colonial Bank and possible money laundering from a bingo casino owned by a Auburn alum and big time booster Milton McGregor (donated over $1 million for a stadium renovation). As part of these investigations, the FBI supposedly wiretapped a number of Auburn boosters. The rumor is that from these wiretaps, the FBI heard McGregor talking about how he had paid $200k for Cam Newton to Auburn . Apparently, this is why the FBI decided to become involved in the Cam Newton investigation. The FBI also apparently found evidence about other improprieties such as academic scandals and potentially paying refs.
Don’t know how much of that is actually true, but some people swear that it is. Also, David Pollack tweeted the following a few hours ago: “Man it sure sounds like the Cam situation is about to get ugly. Auburn fans might need to brace themselves.” If this is true, it could get really ugly for Auburn . Also, this back story explains a little more about the FBI’s involvement
The tweet from David Pollack is legit if nothing else.
Remember, that even if the FBI lets this information out in the next week or two, it probably won’t have any affect on Cam Newton’s eligibility. The information may be out, but the NCAA/SEC would still have to “investigate” these claims. We all know how slow they work, so don’t expect them to come down with the hammer this season.