Comment on If I was a college athlete instead of accepting money out right. If I created a charity where they could "donate", and keep all the money? Is this illegal or illegal how so?

Zwuzelmaus@feddit.org ⁨3⁩ ⁨days⁩ ago

• Battle_Masker@lemmy.blahaj.zone ⁨2⁩ ⁨days⁩ ago

  Wouldn’t that still be money laundering?

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  • One_Honest_Dude@lemmy.world ⁨2⁩ ⁨days⁩ ago

    Money laundering is falsifying financial info to disguise the source of the money. People are allowed to give you money and you are allowed to take it, as long as you report accurately and pay taxes it’s fine. Where you might run into trouble is the school or people/orgs attached to the school giving you money on the condition of you going out staying there. Basically the money has to be donated without any agreements being made and it would be fine. As I understand things, I am not an expert or even particularly knowledgeable, but you ask strangers on the Internet and you get what you get 🤣

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• Patnou@lemmy.world ⁨2⁩ ⁨days⁩ ago

  Yea but I thought college players couldn’t get money or gifts to pick a certain school or team? Kind like Pay 2 Play

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