Will the Duke Blue Devils be forced to vacate their 2010 NCAA Basketball Title?
Right now there are 30,000 yes votes and 67,300 pending…..Lance Thomas made a down payment on $30,000 worth of jewelry with no co-signer and there was a balance remaining on the purchase of $67,300 and Thomas never paid the balance….Thomas still owes the balance and he is being sued by Rafello & Co.
from the News and Observer.com:
According to the lawsuit filed by Manhattan jeweler Rafaello & Co. against Lance Thomas, the former Duke player made a $30,000 down payment on five pieces of diamond jewelry worth $97,300 on Dec. 19, 2009. That gives the NCAA until Dec. 19, 2013 to notify Duke of any potential violations.
Duke says the school is aware of the lawsuit and is looking into the matter….
The NCAA is looking at this matter closely and the big question is, “How did Thomas come up with the $30,000 that he needed for the down payment?”….The NCAA feels this might be an ‘Extra Benefit Viloation’….Again, the NCAA must move quickly on this matter, they have only until December 19, 2013 to notify Duke of any violations and that may seem like a lot of time, but the way the NCAA moves, time is a wasting……
The big question keeps coming back at Thomas and that question is, “How did you come up with the $30,000???” Thomas’ mom is a plant manager at a Ford plant in New Jersey, but how many parents give their children $30,000 to go buy $100,000 worth of jewelry???
Why didn’t Rafelleo & Co. require Thomas to have a co-signer for this large purchase???
Were they providing Thomas with some sort of extra benefits???
If Thomas bought the jewelry with his own money, he should be in the clear, but where do you get that type of money??? And why didn’t Lance Thomas pay off the rest of his debt??? Did someone help him with the purchase thinking that he would make it big in the NBA and then they would get their ‘friendly loan’ back plus more money from Lance Thomas???
Lots of questions to be answered and you can begin to get more info on this one, when you
CLICK HERE for the News and Observer account….
Now is the time for Lance Thomas to return that jewelry…..If he takes it back and they allow him credit, can he still salvage his name and his credibility???