State of Mississippi demands repayment from Favre

[Augie]

19 minutes ago, ddaryl said:

Just found this information

https://mississippitoday.org/2023/10/11/welfare-scandal-tate-reeves-sued-funding/

 

What a cesspool. I wish I was more surprised. You can’t be in charge of investigating yourself, but he just may get away with it. 

[HOUSE]

Everybody steals something  in Mississippi 

[Don Otreply]

8 minutes ago, Bogie_Klinkhammer said:

Everybody steals something  in Mississippi 

Mississippi burning , 

[Warcodered]

2 hours ago, Mr. WEO said:

 

If only if he had taken welfare money to build a new stadium!!

 

Anyway, it's the height of hypocrisy for the State of Mississippi (the poorest state and one of the 3 least educated) to be going after "welfare money" when the same government spends 14 million a year for just 3 of their public college football coaches.

Yeah we can not like it when the government pays for things like that but they do it through the system and there's a way to hold them accountable if anyone would actually do it. Stealing money that's actually been set aside for welfare seems a bit different.

1 hour ago, Augie said:

I get that Favre was not being a great guy here, but why are the politicians not in jail? THEY are the one’s in charge of safeguarding the public funds, and they were clearly trying to get away with something.  Favre can ask, it’s their job to say no. EVERYBODY stinks in this deal. 

They should be, but Farve is just as much a part of this, it's like holding the inside man more accountable than the guy on the outside.

[Malazan]

58 minutes ago, HamSandwhich said:

I'm primed not to just believe articles from places that were impacted by this scenario. Is that not fair? I would do that for any subject.

 

Fair or not, certain language and phrases get co-opted and the "I'm just asking questions" phrase has been hijacked. So if you use that language, it's an indication of something whether you intended it or not. It is unfortunate for the rare person who didn't know, but that is life and life is not fair.

 

[aristocrat]

He made 140 mil in the nfl and that’s closer to 200 mil in today’s money. Really don’t get why he didn’t just give the money back he should have plenty left if he’s handled remotely well. Plus he had a ton of endorsements probably worth tens of millions 

[WEATHER DOT COM]

17 minutes ago, thenorthremembers said:

I dont like what Farve has done post football, but he paid the 1.1 million back.  This article is about the Government going after interest on the original 1.1 million which I have no problem with him not paying.   I'd go into why it doesnt get me in a tizzy, but this is in the main forum and not PPP.  

 

Is it your position that if one steals $X million and then makes $Y in interest off the stolen $X, the thief should be entitled to keep $Y after they rightfully pay back $X? 

 

I disagree quite a bit.

[Augie]

31 minutes ago, Warcodered said:

 

They should be, but Farve is just as much a part of this, it's like holding the inside man more accountable than the guy on the outside.

 

I want everyone held accountable for their actions, but it’s hard to achieve that if the criminal is in charge of the investigation. 

 

I used to review real estate appraisal work from all over the country, but my main client was In Mississippi and Alabama. Not only do they not have MLS in many areas, but it is (or at least was) a non-disclosure state. There is zero information available in public records regarding when a property sold and for how much.  They live in the Dark Ages. Still, there are rules that you must follow in order to have an acceptable report. I was trying to get one guy to fix some things and he sounded like he might break into tears when he said “Come on! I’m in Mississippi for heaven’s sake! Don’t I get a break?”  It is indeed a backwards place, and at least some the people there seem to know it. 

 

 

.

Edited February 6 by Augie

[Nextmanup]

5 hours ago, Gugny said:

It’s really disappointing (to me) what a horrible human being we’re finding out that Favre is. 
 

Through his entire run with Green Bay, Favre was my favorite player in the NFL. 

 

From that point, he’s really put himself on display as an absolute piece of sh!t. 

He's basically swamp trash...who can throw a football.

 

 

[thenorthremembers]

23 minutes ago, WEATHER DOT COM said:

 

Is it your position that if one steals $X million and then makes $Y in interest off the stolen $X, the thief should be entitled to keep $Y after they rightfully pay back $X? 

 

I disagree quite a bit.

It is not my position.  But nowhere in the article did it say Favre made the interest off of the money he took.  The article actually said nothing about where the figure came from.  Only that in their opinion he owed interest on the original amount. 

 

My guess, is the interest they are speaking about was based on a percentage they came up with or the Value of the money from when he originally took it to the point he paid it back.   Maybe it was even based on his net worth from one point in time to another.  We don't know that because it was never explained.

 

Personally I feel like paying the amount he took is fine.  Especially when the United States legal system has set a precedence when it comes to corporations, PPP loans for the rich etc where they feel like multiple million dollar debt can be forgiven.  Where do you think that money comes from? 

 

We can all throw our hands up about Favre because we can put a face to it.  But believe me, large corporations and government officials rob us way more than some washed up football player ever will.  It's a farce.  

[Southern Bills Fan]

I was born and raised in Rochester and lived on the Mississippi Gulf Coast for 25 years. I moved back to Rochester about 4 years ago so I have a pretty good perspective on the two places. Most people who trash Mississippi, including on here, have never even been there. They get their information from tv and movies and assume its just a bunch of white dudes in pickups chasing a black guy trying to beat him. It's not like that at all, the Gulf Coast of Mississippi is nicer than anywhere in western NY. My fathers family is from Bath, NY and I can assure you that driving around the southern tier you will see twice as many confederate flags as in MS. Any black person who has lived in both places will tell you that the racism in the north is way worse than in the south.

[Mango]

4 hours ago, Gugny said:

When this news first broke, there were articles detailing that there were text exchanges between Favre and others that made it clear that he knew exactly what was going on. 
 

How he has never been charged is a mystery.  Well … kind of. Someone’s clearly on the take. 

 

And it was absolutely crazy stuff. It might as well have been an SNL sketch about criminals trying to get caught. There is no down the middle reporting of this. Their texts were something like: 

 

Favre: "Hey Nancy, want to launder money illegally today?"

Nancy: "Oh yeah. I am really itching to commit crimes. I was just talking to the Governor of Mississippi, Phil Bryant, about how much we want to enact an actionable plan to steal money"
Favre: "OK that is awesome. Here is my plan for the crimes"
Nancy: "Wow, Phil Bryant, the Governor of Mississippi, and I love your crime plans. We will enact these crimes exactly as you have laid out"
Favre: "Did you do the crime"
Nancy: "Yes Brett Favre, former QB of the Green Bay Packers, Governor Phil Bryant and I did these crimes this way. Now myself, Governor of Mississippi Phil Bryant, and NFL Hall of Fame legendary QB Brett Favre all have all this money from doing these crimes. I love crimes and I am glad you are so willing to do crimes with us!"

[dpberr]

He should be in jail.

[WEATHER DOT COM]

20 minutes ago, thenorthremembers said:

It is not my position.  But nowhere in the article did it say Favre made the interest off of the money he took.  The article actually said nothing about where the figure came from.  Only that in their opinion he owed interest on the original amount. 

 

My guess, is the interest they are speaking about was based on a percentage they came up with or the Value of the money from when he originally took it to the point he paid it back.   Maybe it was even based on his net worth from one point in time to another.  We don't know that because it was never explained.

 

Personally I feel like paying the amount he took is fine.

 

He took $1.1 million, and then paid back $1.1 million years later (in two separate sums). In essence, as the article points out, this is a $1.1 million loan sans interest. He should have to pay more, just as he would have if he took out a $1.1 million loan. My guess on the interest is that it is a percentage based on what one would pay if they took out a loan of $1.1 million and failed to pay until Favre paid back the first part of the full sum he owed.

 

The rest of your post is a bit political for my taste in this forum. We all know the govt. and large corporations rob us more than the average person. That has zero to do with this specific case. 

[WEATHER DOT COM]

Here is the actual claim - https://www.documentcloud.org/documents/24408674-shad-white-counterclaim-against-brett-favre - in relation to the principal and interest owed here - pages 28 and 29 calculate this

 

December 27, 2017: $500,000 funneled to Favre

June 2018: $600,000 funneled to Favre

 

$1,100,000 total sans interest

 

By May 5th, 2020, Favre owed $1,100,000 in principal and $437,000 in accrued statutory interest ($1,537,000 total)

 

May 6, 202: Favre admits he is personally responsible and will pay back the state the full sum of plus interest he owes "in the coming months"

 

May 7, 2020: Favre pays $500,000. This leaves a balance of $740,000 in unpaid principal which continues to bear interest plus $132,000 in already accrued interest

 

October 25, 2021 (over a year later - lots of accruing interest): Favre pays $600,000 which reduced the principal owed by Favre to $437,000 with no further interest at that time

 

February 5, 2023: Favre still owes $437,000. Since October 25th 2021, another $292,790 in statutory interest has accrued from the $437,000 he still owes.

 

$437,000 + $292,790 = the money in the claim (which will continue to grow with interest) 

 

 

57 minutes ago, thenorthremembers said:

We don't know that because it was never explained.

 

Explained in the linked filing

[warrior9]

6 hours ago, Gugny said:

It’s really disappointing (to me) what a horrible human being we’re finding out that Favre is. 
 

Through his entire run with Green Bay, Favre was my favorite player in the NFL. 

 

From that point, he’s really put himself on display as an absolute piece of sh!t. 

A really good friend of mine is from small town Miss (knows Favre) and this is not news to anyone that knows the family. He was basically a small town trailor park guy that just got famous but never let that side of him leave. He is widely regarded as a POS by many in Miss. (and has been forever).

Edited February 6 by warrior9

[first_and_ten]

6 hours ago, HamSandwhich said:

Do anyone have a good article explaining what happened exactly here, that’s fair for each sides point of view? This one seems a bit biased and gives no idea as to Favres stance (I realize there have probably been articles ad nauseam).
 

Question I have, was this willfully accepting money knowing it was not for this by Favre? Is there plausible deniability?  It may not matter to the law but would change my view on how I look at Favre.

 

ESPN was one of the entities that were accused by Favre so they have a reason to paint this in a certain light. 

 

There are text messages. There was a denial, but not plausible. He's truly a piece of garbage. 

[MR8]

6 hours ago, PromoTheRobot said:

 

To sum it up, he embezzled funds that were earmarked for people in need. No nice way to spin it.

This isn't accurate, he didn't embezzle it, that would imply that he kept it. But he didn't knowingly redirected to the University of Southern Mississippi to help build a volleyball stadium rather than a being used for welfare. Which is also absolutely gross...

 

All that said, it seems like nobody actually read this article... In this, it states after the issue in 2017 and it coming to light, Favre repaid all $1.1M, $500K 2020 and $600K in 2021... But now the accusation is he owes $729,790 in interest.  Which is laughable honeslty that he'd owe 66% interest.  It even called it a loan... Which it wasn't.  It was a clear misappropriation of government funds, which legislators should also be held accountable for. 

 

On top of that, it's illegal to earn interest on Federal money as it is earmarked for expenditure or return only.  If a state gets $10M in Federal funds they can't put it in the stock market to appreciate, so demanding interest from Favre on a "loan" of Federal money is actually illegal.

Edited February 6 by MR8

[Gugny]

14 minutes ago, MR8 said:

This isn't accurate, he didn't embezzle it, that would imply that he kept it. But he didn't knowingly redirected to the University of Southern Mississippi to help build a volleyball stadium rather than a being used for welfare. Which is also absolutely gross...

 

All that said, it seems like nobody actually read this article... In this, it states after the issue in 2017 and it coming to light, Favre repaid all $1.1M, $500K 2020 and $600K in 2021... But now the accusation is he owes $729,790 in interest.  Which is laughable honeslty that he'd owe 66% interest.  It even called it a loan... Which it wasn't.  It was a clear misappropriation of government funds, which legislators should also be held accountable for. 

 

On top of that, it's illegal to earn interest on Federal money as it is earmarked for expenditure or return only.  If a state gets $10M in Federal funds they can't put it in the stock market to appreciate, so demanding interest from Favre on a "loan" of Federal money is actually illegal.

He did keep it … until he spent it.  Like everyone else who embezzles does. 

[WEATHER DOT COM]

25 minutes ago, MR8 said:

demanding interest from Favre on a "loan" of Federal money is actually illegal.

 

The countersuit cites the Mississippi code RE the interest on page 28. It's not illegal. 

 

Favre also agrees to pay back the $1.1 mil plus interest the day before his first payment of $500,000.

Edited February 6 by WEATHER DOT COM