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Money man: Beasley knew about illegal benefits

Posted on: October 29, 2011 4:20 pm
Edited on: October 29, 2011 6:06 pm
 
Posted by Ben Gollivermichael-beasley

"Yeah, it was dirty. But he knew it was dirty!"

That's what a Washington D.C. accountant has to say in response to a recent lawsuit filed by Minnesota Timberwolves forward Michael Beasley, who alleges that his former agent and AAU coach provided thousands of dollars in illegal benefits to Beasley and his mother before he entered the NBA.

Last week, we noted reports that Beasley was suing agent Joel Bell and coach Curtis Malone, accusing them of conspiring to represent him while he was still a teenager and providing his mother with cash and other favors, including moving her to Kansas so that she could be near him during his single season at Kansas State University.

Shortly thereafter, CBSSports.com's Wildcats RapidReports noted that a Kansas newspaper reported that George Holloway, a Washington, D.C. accountant, provided $11,200 to Fatima Smith, Beasley's mother, to cover her rent while she was in Kansas.

In a subsequent interview with the Washington Post, Holloway admits to being the money man but says that Beasley knew what was happening the whole time.
“I was just trying to be helpful,” Holloway said in a telephone interview. “They both couldn’t afford it. . . .In retrospect, I wish I hadn’t done a thing. But I didn’t have anything to gain from it.” 

“Beasley knew everything,” Holloway said. “His mother knew everything.”

“I’ve helped tons of kids, many of which never played college [basketball] or anything beyond high school, that I met through the D.C. Assault program,” Holloway said. “It was a give-back for me.”
Meanwhile, the Washington Post reports that Malone's attorney denies that his client set up the arrangement between Holloway and Smith. Holloway is on board with that, saying his financial relationship with Beasley's mother did not involve either Bell or Malone.
“The whole thing over this Beasley-Joel Bell thing, I don’t like either side of the argument,” Holloway said. “But I will tell you this: The truth of the matter is, as it relates to me, Fatima approached me directly. Michael approached me directly. And neither Joel, nor Curtis, had anything to do with any of it.”
Clearly, Holloway is prepared to take the fall for everything. And that makes sense. Of all the key players, he has the least to lose. He isn't an agent who wants to continue being an agent, he isn't an AAU coach that wants to continue to be an AAU coach, he isn't an NBA player whose shaky reputation is being put even further into question and he isn't Kansas State University, a program that could be subject to harsh NCAA sanctions given that everyone seems to agree that illegal benefits were given to Beasley's family. Assuming that Holloway only broke NCAA rules and not any laws, he should be able to continue life as an accountant once this all blows over. 

Related: Michael Beasley thinks NBA lockout negotiations are "kind of retarded"

Comments

Since: Jun 5, 2011
Posted on: November 1, 2011 12:03 pm
 

Beasley is an idiot

By airing all of this dirty laundry for his own gain, Beasley has guaranteed that he will be blackballed from a lot of endorsements now, and a lot of employment opportunities after his playing days are over.  He better cut off his posse and save some of his money for himself, because he is going to have to live the rest of his life on what he makes the next few years.  
 
It would probably be in his self-interest to avoid becoming a "child donor," too.  



Since: Apr 22, 2009
Posted on: October 31, 2011 11:52 am
 

Money man: Beasley knew about illegal benefits

Of course, Beasley knew about the payments. Moneyman, you are a crook, you may not KNOW it but you are.  K State what are you going to do?



Since: Feb 27, 2011
Posted on: October 31, 2011 11:09 am
 

Money man: Beasley knew about illegal benefits

How bad was the post below for the system administrator to delete it if the post above was so bad? Holy cow.

Anyways, I love how Michael Beasley supposedly didn't know what he was doing was wrong. He knew.



Since: Jun 25, 2009
Posted on: October 31, 2011 10:46 am
 

Money man: Beasley knew about illegal benefits

Beasely is a turd. Another reason why I don't ewatch the NBA.



Since: Nov 23, 2006
Posted on: October 31, 2011 9:39 am
 

Money man: Beasley knew about illegal benefits

you peice of shit all you people are a bunch of greedy motherfuckers.i am a bid fan of the nba but now i have doughts Greed kills you idiots.



todaynew1
Since: Oct 30, 2011
Posted on: October 30, 2011 12:49 pm
This comment has been removed.

Post Deleted by Administrator




Since: Aug 19, 2006
Posted on: October 30, 2011 10:19 am
 

Money man: Beasley knew about illegal benefits

Let me get this straight,....Basketball player gets cash for momma, gets cash to play COLLLEGE BASKETBALL and now is bitchin about it??
WTF?
THis guy must have blown all of his NBA loot and since the lockout is blocking the ol cash flow homie has to try and find a way to get more...

This dude is an idiot.

Here is an idea, why dont you sell one of the numerous cars / houses / condos / rap studios / tattooo parlors you own Beasley?



Since: Dec 5, 2006
Posted on: October 29, 2011 10:33 pm
 

Money man: Beasley knew about illegal benefits

What George Holloway says to a reporter means nothing. What he says under oath might be entirely different. The lawsuit carries the right to depose Holloway and Bell and Malone to force them to go on record, either denying the charges or admitting them. I once hear an attorney admit under oath that he had conspired with a real estate agent to cause his client to become financially unstable in hopes that the real estate used by the client would become available. Not perjuring himself was more important than being exposed.

Beasley's suit is a counter to Bell's suit demanding his 20% commission of all Beasley's earnings after Beasley fired him. Apparently calling the other side of the suit a scuzz while admitting himself a scuzz does not register with Beasley. But the reality is agents who prey on underage kids to make their money need to be held accountable. I seem to remember that there is a criminal law covering agents doing this. If Beasley wins his case the fallout might be more than just the money.



Since: Aug 24, 2006
Posted on: October 29, 2011 6:34 pm
 

Money man: Beasley knew about illegal benefits

If it werent for the mistake the Heat made in drafting him, this kid would not be in the NBA

Really? The 30 teams drafting after them wouldn't have taken him? You also overestimate what being a cancer or getting into trouble mean in the NBA.



Since: Jun 22, 2009
Posted on: October 29, 2011 6:13 pm
 

Money man: Beasley knew about illegal benefits

Of course Beasley knew it was dirty.  It insults everyone's intelligence to even suggest otherwise.  The real question is, did the coach witht the permanent scowl know what was going on? 


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