Recent revelations about a 2007 IRS tax lien against Duke Lacrosse defendant Reade Seligmann just goes to confirm the obvious, as I stated long ago… the reason for keeping the financial arrangement of Duke University’s settlement with the party-going Duke Lacrosse defendants secret was because it was so outrageous. Duke University was too embarrassed for rolling over without a fight and submitting to the demands of the avaricious attorneys, and the Carpetbagger families didn’t want people to think that they threatened Duke with a law suit just for the money. It seems that the amount Duke University forked over to each of the Duke Lacrosse defendants was far greater than the figure my sources gave me of $7 million. That amount actually is closer to the amount of tax due the IRS, which the agency puts at $6.5 million. According to Raleigh tax lawyer Jack Cummings, a tax of that amount would be indicative of an income of $18 million. Another tax attorney has the estimate as $20 million… which is probably the most accurate and the figure with which I will refer.
And it was in 2007 that Duke University settled out of court with the Duke Lacrosse defendants, and it is where the vast majority of their income would be of account. That is $13.5 million after tax per Lacrosse player, and that’s not bad especially when you consider what they went through to get it. First, they attended a beer-guzzling, stripper-ogling party with under-aged drinking, shouting of racial epithets (and probably other crimes taking place), then after being charged with a sexual assault they did not spend one day in jail. They became media darlings with all the media types coddling over them and misleading the public by proclaiming that they had been “exonerated” (as was reported by Deborah Morgan of WRAL-TV-5 as recently as the night of February 24, 2011, when the story broke here.) Then books are written about the Duke Lacrosse party incident which is revisionist propaganda history at its best. And HBO has been wracking its brains trying to somehow produce a movie about the Duke Lacrosse case without showing the true colors of the Duke Lacrosse defendants. Two objective screenplays have already been written, but the head honchos discarded them and fired their authors… HBO is essentially requiring that the Duke boys be put in a positive light which is itself an impossibility if a story about the Duke Lacrosse case is to contain an iota of truth. The plan which seems to be adopted by HBO movie executives is to demand a script that does not mention the Duke Lacrosse boys and instead focuses on former Durham District Attorney Mike Nifong. (I would suggest that they consider hiring MSNBC Senior Legal Analyst Susan F. Filan. She has shown the capacity to fabricate libelous statements about Mr. Nifong and then to use those very false statements to attack his character.) Finally, universities and Wall Street bigwigs have been clamoring to bring the boys into the fold to study and work.
Now it’s not enough that each of the defendants was rewarded with $20 million for their bad behavior, but even after that, they want an additional $10 million each from the city of Durham. It is very apparent that the Carpetbaggers and their counsel thought that when the mighty Duke University toppled, that the city of Durham would follow suit and turn over the money. Somehow the cash-strapped city managed to summon up the nerve to stand and fight against the Carpetbagger juggernaut, not unlike Winston Churchill stood up against Nazi aggression. Now action on that front has been at a standstill for years, more or less. Nonetheless, Durham is still wasting taxpayer dollars to pay lawyers to go through the motions of defending the city.
The Carpetbaggers want the public to believe that they are so much in legal debt in fighting Duke University and the aftereffects of the Duke Lacrosse case, but surely they can use some of their net gain of $13.5 mil to pay their attorneys. Their stated excuse for suing the Bull City (to effect changes in the criminal justice system to the benefit of all Durhamians) is nothing more than a bunch of bull. They are suing the city because they are GREEDY.
Although Duke shelled out $60 million in an ill-advised settlement with the Carpetbaggers, they compounded that mistake by trying to force the National Union Fire Insurance Company, the university’s insurance company, to reimburse them… this, after making such an outlandish settlement without even discussing it with them. Duke is the one that breached its agreement with the insurance company, yet it filed suit in an attempt to recover the money it handed over on a platter. Just recently, Duke reached an agreement with the company, an affiliate of AIG, and per protocol terms were not disclosed. However, both parties agreed to drop claims and counterclaims against each other, and pay their own legal costs.
The Carpetbaggers need to emulate Duke University with regards to its squabble with National Union Fire Insurance Company. Instead of continuing to throw good money after bad, they need to rein in their attorneys and drop their suit against the city of Durham. They need to accept the fact that the city refused to take their bluff, as did the mighty university, unless it is the underlying goal of the Carpetbaggers to deplete the city’s coffers as a final vindictive act. But I don’t believe that is their goal… they’re in it for the money.
According to a news report last night, Duke University has approved a substantial increase in tuition… no doubt to help cover its giveaway to the Duke Lacrosse defendants and its ill-advised lawsuit against their insurance company.
Note: Click on the link below to access the latest installment (Part 9) of Episode V of “The MisAdventures of Super-Duper Cooper.”