SirFozzie
04-01-2005, 04:04 PM
Is he going to have to start eating babies raw at press conferences, and piss on every professor's car to get fired? Sheesh
The Internal Revenue Service is investigating two summer football camps run by University of Colorado coach Gary Barnett.
Both Barnett and his attorney acknowledged the investigation Wednesday, but said they were not sure what tax issues the IRS is looking into.
At the same time, the IRS has contacted the university seeking additional documents, said CU spokeswoman Pauline Hale. CU attorneys wouldn't say what kind of documents the IRS wants, she said.
"We feel that we are not at liberty to discuss details related to an ongoing investigation conducted by a federal agency," Hale said.
Barnett's lawyer, John Rodman, described the investigation as "broad" and said he thinks it's related to questions raised in media reports during the past several months. Those reports have focused on allegations of questionable accounting and lax oversight of camp expenditures.
Barnett said Wednesday, "We are eagerly cooperating with them because we're just as anxious for the truth to get out -- probably more anxious for the truth to get out -- than anybody. So we're cooperating completely."
Barnett said he turned over "everything they wanted" to IRS investigators roughly two weeks ago. "There was a list of documents," he said, "1099s, (camp) registration forms, tax returns, everything."
IRS officials "did not come in with anything in particular," Barnett said. "They just came in to look at it, and we turned everything over to them."
Jean Carl, an IRS spokeswoman in Denver, declined comment on the matter.
"Disclosure laws prohibit me from confirming or denying any investigation of any taxpayer," Carl said.
The camps operate each summer in two sessions for football players between the ages of 8 and 13. The youngsters get to practice at CU and learn from coaches on Barnett's staff. They can stay in dorms on campus or commute from home.
Although the camps are detailed on a CU Web site, Barnett and university officials say he operates them as a business independent of the university.
The IRS review comes as the state auditor's office continues a wide-ranging probe of spending at the football camps, as well as the university as a whole and its fundraising arm, the CU Foundation.
It also comes on the heels of a report by a state grand jury that criticized how the football camps tracked money, alleging it was loosely guarded and amounted to a "slush fund" for football coaches.
The grand jury was formed last spring to look into allegations that CU used sex and booze to lure football recruits. The panel was assisted by a report from a fraud examiner hired by state prosecutors.
The fraud examiner, Daniel Predovich, raised numerous questions about spending and tax issues at Barnett's two camps.
Barnett has repeatedly said the grand jury and Predovich reports were off-base. Football camp money was controlled, he said, and he can account for all expenditures.
Barnett also has said that he's confident the state audit won't reveal any wrongdoing related to the football camps. As for the IRS review, Barnett said Wednesday he had "no concerns" that investigators would discover anything troublesome.
The Internal Revenue Service is investigating two summer football camps run by University of Colorado coach Gary Barnett.
Both Barnett and his attorney acknowledged the investigation Wednesday, but said they were not sure what tax issues the IRS is looking into.
At the same time, the IRS has contacted the university seeking additional documents, said CU spokeswoman Pauline Hale. CU attorneys wouldn't say what kind of documents the IRS wants, she said.
"We feel that we are not at liberty to discuss details related to an ongoing investigation conducted by a federal agency," Hale said.
Barnett's lawyer, John Rodman, described the investigation as "broad" and said he thinks it's related to questions raised in media reports during the past several months. Those reports have focused on allegations of questionable accounting and lax oversight of camp expenditures.
Barnett said Wednesday, "We are eagerly cooperating with them because we're just as anxious for the truth to get out -- probably more anxious for the truth to get out -- than anybody. So we're cooperating completely."
Barnett said he turned over "everything they wanted" to IRS investigators roughly two weeks ago. "There was a list of documents," he said, "1099s, (camp) registration forms, tax returns, everything."
IRS officials "did not come in with anything in particular," Barnett said. "They just came in to look at it, and we turned everything over to them."
Jean Carl, an IRS spokeswoman in Denver, declined comment on the matter.
"Disclosure laws prohibit me from confirming or denying any investigation of any taxpayer," Carl said.
The camps operate each summer in two sessions for football players between the ages of 8 and 13. The youngsters get to practice at CU and learn from coaches on Barnett's staff. They can stay in dorms on campus or commute from home.
Although the camps are detailed on a CU Web site, Barnett and university officials say he operates them as a business independent of the university.
The IRS review comes as the state auditor's office continues a wide-ranging probe of spending at the football camps, as well as the university as a whole and its fundraising arm, the CU Foundation.
It also comes on the heels of a report by a state grand jury that criticized how the football camps tracked money, alleging it was loosely guarded and amounted to a "slush fund" for football coaches.
The grand jury was formed last spring to look into allegations that CU used sex and booze to lure football recruits. The panel was assisted by a report from a fraud examiner hired by state prosecutors.
The fraud examiner, Daniel Predovich, raised numerous questions about spending and tax issues at Barnett's two camps.
Barnett has repeatedly said the grand jury and Predovich reports were off-base. Football camp money was controlled, he said, and he can account for all expenditures.
Barnett also has said that he's confident the state audit won't reveal any wrongdoing related to the football camps. As for the IRS review, Barnett said Wednesday he had "no concerns" that investigators would discover anything troublesome.