Lay this completely at the feet of Weefer.
Oh, and Snyder didn't have any MOU's as I recall, but Weiser did . . . which is why we had to pay him $700K because Weefer couldn't keep his nose out of the athletic department.
Not sure he did either, but what was all that crap that came out during the audit?
I only remember "The Audit" questioning whether it was practical/legal for HCBS to be paid through his LLC, which he apparently has been for a long time now. Of course, such a practice is legal and very common.
Snyder had a slew of extra benefits that weren't previously disclosed. These included: free tuition for his children (referenced by Bob), deferred compensation (referenced by Bob), strategies that were recommended by a tax advisor (referenced by bob and clearly referring to Snyds).
Look: 1) those extra benefits are taxable (I would think) 2) he was receiving payment through his LLC (which I think would mean that he would be responsible for reporting/paying some of his withholding taxes) 3) he was given flexibility to draw on deferred compensation from accounts so, presumably, he could defer taxes.
I'm not a tax expert, but this (along with the debacle of the Business incubator scam) is incredibly shady and should be a stain on Snyder. I mean this piece of crap had his kids get free tuition when in-state tuition would be eminently affordable to him and when the University has no such policy for the children of any other Kansas State employee. He also had Sean get a guaranteed contract for 2 years after he retired.
Wefald, Krause and Weiser (and Epps et. al.) were clearly incompetent and deserve to be ridiculed and shamed. But so does OB with his family first dicking of K-State.
Do you have a SHRED of proof that Snyder didn't claim these benefits and pay the associated taxes? If not, then shut up and quit smearing the man. As far as tuition, that's nothing. As recently as the 90s Washburn and other schools provided free or greatly reduced tuition to ALL full time employees, so that's a big who gives a crap.
I retracted to the extent that dax, lawyers and cpa's cleared the irregularity of an LLC and taking deferred compensation.
I maintain that he had a pattern of seeking disgusting benefits for his family such as the free tuition, the 2 year auto-extension for Sean. Further the Wefald/Krause/Snyder/Glasscock shares of NITSAC's drink company has yet to be fully reported and I hope that the full details come to light. The conflicts of interest there are so numerous as to make it another stain.
I would like to hear more about why Snyder was being paid in such a seemingly odd manner (didn't he just call up at random to draw down some money that was owed him?). But I will leave that to the experts.
Let's not pretend that Snyder came out looking like roses, he just isn't completely smeared with turd.