Interesting piece on Livestrong

[D-Queued]

now that lance has stepped down from the livestrong board is this really the end of discussions within the clinic re livestrong/lance?

...

Not until the IRS unravels the Livestrong fraud.

Dave.

 

[ebandit]

end

Would you like it to end?



as this whole cancer 'charity' is extremely dodgy who is to say what Cancer Jesus standing down really means?

So i imagine the thread will continue as info leaks out about where the money really goes.

although i'm not directly affected i would be greatly gladdened if livestrong

ceased to exist and that nike or lance etc never made another cent from

the livestrong brand name after all it's only 'business' in the name

of charity

i hope that time the american public will become aware of the con

 

[Velodude]

now that lance has stepped down from the livestrong board is this really the end of discussions within the clinic re livestrong/lance?

it did appear that lance hoped to stay connected to livestrong but growing
public anger to his actions made this impossible without major damage to the charity

can livestrong exist without lance / can lance thrive without livestrong?

livestrong.com continues............how many 'clicks' will it now receive?

Armstrong will be dictating to the LAF board from the shadows.

In jurisdictions of the world I am aware of the liabilities of a shadow director are presented in legislation.

A proven shadow director is equally liable with validly appointed directors.

In the absence of legislation, case law would have to be trawled.

 

[oldschoolnik]

now that lance has stepped down from the livestrong board is this really the end of discussions within the clinic re livestrong/lance?

it did appear that lance hoped to stay connected to livestrong but growing
public anger to his actions made this impossible without major damage to the charity

can livestrong exist without lance / can lance thrive without livestrong?

livestrong.com continues............how many 'clicks' will it now receive?

Not until most people understand what they are supporting when they give to Livestrong.org. I posted this in another thread but when the paper of record (NY Times) just 3 weeks ago refers to LiveStrong as having raised "$50 million to find a cure for cancer" -- there is still some serious confusion out there about what they do and where the $ go.

 

[Velodude]

Not until the IRS unravels the Livestrong fraud.

Dave.

From the IRS site:

A section 501(c)(3) organization must not be organized or operated for the benefit of private interests, such as the creator or the creator's family, shareholders of the organization, other designated individuals, or persons controlled directly or indirectly by such private interests. No part of the net earnings of a section 501(c)(3) organization may inure to the benefit of any private shareholder or individual. A private shareholder or individual is a person having a personal and private interest in the activities of the organization.

Tax exempt status is pulled if Armstrong was benefiting out of LAF activities.

The payment made of $2-3m by TDU pocketed by Armstrong specifically included an amount payable for the use of the Livestrong name on a cancer facility.

If the public are paying amounts to participate in a Livestrong event and moneys are paid out of those funds to Armstrong for "celebrity speaking" attendance then he has benefited in breach of IRS rules and the IRS are compelled to withdraw tax exemption status from LAF.

 

[AussieEdge]

Not until the IRS unravels the Livestrong fraud.

Dave.

Correct!

Until then I will be happy

 

[Microchip]

Livestrong Foundation drops Lance's name

"Livestrong" still resembles Armstrong's name though.

 

[jackwolf]

Livestrong Foundation drops Lance's name

"Livestrong" still resembles Armstrong's name though.

First he resigns a chairman but remains on the board. Shortly after he resigns from the board, and shortly after they drop his name. I knew this would be quick. A Nike T-shirt is still a Nike T-shirt, but a charity that has no trust has nothing to offer.

 

[Race Radio]

They know people are on to them and it is about to get much, much worse

 

[mewmewmew13]

They know people are on to them and it is about to get much, much worse

We are ready and armed with popcorn.

 

[blackcat]

They know people are on to them and it is about to get much, much worse

those 150k per speeches gonna hurt losing

 

[D-Queued]

We are ready and armed with popcorn.

A really big bag, with extra butter!

This is going to be one big mess.

those 150k per speeches gonna hurt losing

Yup.

Love your sig!

Dave.

 

[blackcat]

Love your sig!

future intention to redact to marginal gains = rounding error. That will be the soundbite. But folks need to appreciate the good oil first, or good dope. Then esoteric soundbites, can take traction.

 

[Benotti69]

They know people are on to them and it is about to get much, much worse

I really really hope so.

The idea of celebrities and their own foundations is not a good one. It is ego massaging at best and tax evasion and fraud at worst never mind giving false hope to people.

 

[The Gnome]

Funny, as just a few weeks ago weren't they bragging that donations were way up? uh huh....

Odd how using a cancer charity for a PR battering ram to defend some clown's cycling record might undermine credibility in a big way...

They can drop him from whatever, but they are still entirely associated with him and it will prove impossible to survive is my bet...livestrong IS armstrong and they made sure to make it that way...what's next?...they drop the word "strong" from the title and just call it "live"? In short, doomed...

Couldn't happen soon enough in my book and then perhaps some of those monies given in good faith can return to actually fighting cancer rather than making folks "aware" of it's existence...

 

[reginagold]

Foundation spokesperson Mclane uses some careful language about LA's ties to the Foundation. I expect they still have him under contract. He's severed ties to the Board only, in the statements so far.

 

[Microchip]

They know people are on to them and it is about to get much, much worse

I'm staying tuned!

 

[MarkvW]

Lance Armstrong is still making money off the sale of LiveStrong branded goods, as far as I can tell.

 

[jam pants]

Livestrong.org down...

 

[D-Queued]

Funny, as just a few weeks ago weren't they bragging that donations were way up? uh huh....

Odd how using a cancer charity for a PR battering ram to defend some clown's cycling record might undermine credibility in a big way...

They can drop him from whatever, but they are still entirely associated with him and it will prove impossible to survive is my bet...livestrong IS armstrong and they made sure to make it that way...what's next?...they drop the word "strong" from the title and just call it "live"? In short, doomed...

Couldn't happen soon enough in my book and then perhaps some of those monies given in good faith can return to actually fighting cancer rather than making folks "aware" of it's existence...

Good point.

Of course, as has been well articulated earlier in the thread, the math didn't substantiate the claims.

But, your comment is perfect.

A few weeks back, they effectively tell us that the 'Reasoned Decision' was the best thing that ever happened to fundraising. Then, Lance is dropped like a lead balloon.

Something doesn't add up.

Dave.

 

[DirtyWorks]

From the IRS site:

Tax exempt status is pulled if Armstrong was benefiting out of LAF activities.

The payment made of $2-3m by TDU pocketed by Armstrong specifically included an amount payable for the use of the Livestrong name on a cancer facility.

If the public are paying amounts to participate in a Livestrong event and moneys are paid out of those funds to Armstrong for "celebrity speaking" attendance then he has benefited in breach of IRS rules and the IRS are compelled to withdraw tax exemption status from LAF.

It's not controversial that the non-profit is a scam grander in scale than the sporting fraud at the UCI. But, Wiesel/Wonderboy's people are not dumb.

It goes like this, TDU commits $2-3m and before the check is drafted, Wonderboy's people call and say, "About that check... Make it two. One to .org for $50,000 one to CSE for the rest." The letter of the 501c3 rules are not violated.

He's bought the American law enforcement system miraculously avoiding criminal charges. I think the faithful find that a source of inspiration as much as the fake 7x story.

 

[ebandit]

$

Lance Armstrong is still making money off the sale of LiveStrong branded goods, as far as I can tell.

as long as punters are buying...............will that be for long?

i expect/hope that sales will fall low enough for them not to remain

profitable

 

[Zweistein]

‏tweeted today:

@dogsandcycling
Navy Seals publicity stunt + cancer sheild + "Lance is innocent until proven guilty" quote = attempt for PR bonanza

sorry can't see a link.

Desperate pathetic attempt at garnering public support through genuine heroes? If true, what despicable creatures he and all in TeamLance really are

If true? Do you really have any doubt when you know how that lance's pr team has done so much to prevent the public from seeing him for what he really is?

 

[MarkvW]

"LIVESTRONG," and all the variants, are trademarks registered to The Lance Armstrong Foundation--even Livestrong.com.

That discovery is a mighty surprise to me. If Lance is making money off the Livestrong trademarks and the Foundation is allowing it, then things are really complicated. Is the Foundation abandoning its trademark by letting Lance use it? Does Lance sublicense the trademark from the Foundation? How does this affect the Foundation's nonprofit status?

Could get interesting.

 

[Berzin]

Don't worry, MarkvW. By this time next year, the Livestrong Foundation will be shutting its' doors forever.

The only ones who'll be fighting to keep it alive are the executive board members who will be forced to go out and find real jobs doing real work once Livestrong goes under.