Prescott;1438760 wrote:You don't know what Lance Thomas did or did not do
Yes, we do. Facts have been established.
1.In December 2009 , Lance Thomas, then a senior on duke's men's basketball team, enetered Thomas &Rafaello Jewelry co. and purchasede $97,800.00 worth of jewelry.
2.Thomas put down $30,000 in cash and received $67,800 worth of credit from the jewelry store on his purchase.
3. He(Thomas) was to return in a few weeks and pay off the balance.
4. Thomas did not pay off the balance as was stipulated.
5. In September 2012 Rafaello & Co. Jewelers filed a civil suit against Thomas for the money owed, $67,800.00.
6. Thomas and the jeweler settled the suit in September 2012..
7. Thomas commented publicly about the suit in October.
Asked at New Orleans Hornets media day in October whether he violated NCAA rules, Thomas told the Durham Herald Sun, "No. I don't think so." Thomas then declined to elaborate further, adding only that "everything will unfold once everything is taken care of the right way."
The"RIGHT" way. What a joke
That proves nothing.
There are one of two ways in which Lance Thomas may have violated the NCAA rules. The first being if the money he made the initial $30,000 down payment with came from a Duke booster, someone else affiliated with the program, or an agent of some sort. The second possible violation being if Lance was given a loan from the jeweler based on projected future earnings as an NBA player as a result of his status as a Duke basketball player.
Neither are based in logic when considering the actual facts surrounding the case.
Lance's mother is a successful plant manager for the Ford Motor Company, and supposedly makes a six-figure-plus salary. His family has money, and it's more than reasonable to assume that Lance could have made that down payment with a combination of his own personal savings accumulated over the years from various resources -- for example, as somebody who participated in 4-H when I was younger, I saved up more than $10,000 from raising and selling animals alone -- and money given to him as gifts by his mother or other relatives. Multiple sources close to the situation have indicated that this is where the money came from.
As for Lance being given the loan based on his status as a Duke player and future NBA selection, that's laughable. He wasn't anywhere near the NBA Draft boards in 2010 and absolutely nobody envisioned him as an NBA player at the time. Bottom line, if Lance Thomas or any other college student walked into the store with $30,000 in cash wanting to buy some expensive jewelry, Rafaello & Co., the jeweler at the center of the case which has a particularly shady history of extending 15-day loans to customers and then filing civil suits against them, is going to extend them a loan, no matter who they are. Even high-profile clientele, such as Gucci Mane and Dez Bryant, who certainly have the money to pay back a loan for a watch or necklace, have defaulted on their loans, which brings into question what type of ethics this particular jewelry establishment might be practicing.
Again, your "facts" prove nothing.