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Wolf
08-30-2010, 11:09 PM
ETAIRIE, La. (AP)—New Orleans Saints assistant defensive line coach Travis Jones was suspended 30 days without pay for his admitted role in a real estate scam involving at least 40 people in northwestern Texas.

General manager Mickey Loomis said Monday that the suspension will begin immediately.

“Coach Jones has accepted responsibility for his actions and has cooperated with the investigation of this matter and will also be participating in a program to educate others in the league about his experience,” Loomis said in a written statement. “The actions of Travis Jones violate the NFL’s personal conduct policy and the policies and standards of conduct for employees of the New Orleans Saints.”

In June, Jones entered a plea of conspiracy to commit mail fraud in U.S. District Court in Texas’ Eastern District. Court records show Jones also signed a factual statement admitting his role in the alleged scam, which netted him about $86,000.



http://sports.yahoo.com/nfl/news;_ylt=AnMeLtU7BFs8hd6CswmfCk4dsLYF?slug=ap-saints-coachsplea

Koolaid Time
08-30-2010, 11:41 PM
http://sports.yahoo.com/nfl/news;_ylt=AnMeLtU7BFs8hd6CswmfCk4dsLYF?slug=ap-saints-coachsplea

"In June, Jones entered a plea of conspiracy to commit mail fraud in U.S. District Court in Texas’ Eastern District. Court records show Jones also signed a factual statement admitting his role in the alleged scam, which netted him about $86,000.

Jones allegedly was among numerous people who made false statements on loan applications and other real estate documents in order to obtain mortgage loans in a scam allegedly run by Florida resident John Barry.

The loans were used to buy properties that were sold for more than market value, with kickbacks going to the scam’s participants—which included appraisers, mortgage brokers and real estate agents—before the buyers walked away and allowed the banks to foreclose."

How about the minimum two years in "Club Fed" he has to do?

steelbtexan
08-30-2010, 11:49 PM
If it was my $$$$ that he stole an approiate punishiment should be castriation. IMHO

Wolf6151
08-31-2010, 11:54 AM
If it was my $$$$ that he stole an approiate punishiment should be castriation. IMHO

In the end it was your money, my money, and all of our money that was stolen because that's where the bank gets their money from.