Interesting piece on Livestrong

[Race Radio]

Lance donated $700,000 to Livestrong in 2011 alone.
What other cyclists donated more to ANY charities last year?
And over the years Lance has donated many millions and millions of dollars to Livestrong.

You sure he was not just returning some of his ill gotten gains from the Demand Media deal?

.....putting the cookies back in the jar

 

[AcademyCC]

Lance donated $700,000 to Livestrong in 2011 alone.
What other cyclists donated more to ANY charities last year?
And over the years Lance has donated many millions and millions of dollars to Livestrong.

Lance may well have donated $700,000 how much did Livestrong turnover/make? Thats the whole point surely.

 

[Benotti69]

Lance may well have donated $700,000 how much did Livestrong turnover/make? Thats the whole point surely.

Lance donating money to live$trong is like putting it in his wallet and in his own pocket.

 

[BotanyBay]

Lance donating $700K to LiveStrong is like like Tiger Woods buying a bunch of white hats in China (at a discount) so that Nike can slap his "TW" logo on them (and later give him back a $1.2MM check).

Anything he donates to LiveStrong is an eventual donation to himself. Look at this another way: It is not a stretch (by any measure) to consider the possibility that Lance will someday be the sole remaining "employee" of the LAF. Someday, his only source of income will be derived from his consulting fees for visiting hospitals and encouraging little kancer kids to LiveStrong®.

Giving $700K to LAF is just moving the money around so that the feds, SCA (and any others who might come knocking) can't touch it. The LAF exists (first and foremost) as a financial bomb shelter for himself. Every celeb has one.

 

[thehog]

The reason one "donates" large amounts is for tax exception. To reduce and "hide" income. Its even more effective when its your charity.

For example ride the TDU and collection 2 million. Donate 700,000 to Livestrong. Create Lance Armstrong Foundation Events which pays a race in Dublin 700,000 to hold an event of a race and a summit. Then the race organizers pays you 300,000 to speak and 400,000 to race but include 200,000 in expenses maybe more to speak and race. Then you start the entire cycle again. The idea is keep the money flowing through the chain and creating expenses along with reducing income.

 

[Race Radio]

Armstrong does not donate directly to Livestrong, the Armstrong Family Foundation does.

Who funds the Armstrong family foundation?

 

[Cloxxki]

The reason one "donates" large amounts is for tax exception. To reduce and "hide" income. Its even more effective when its your charity.

For example ride the TDU and collection 2 million. Donate 700,000 to Livestrong. Create Lance Armstrong Foundation Events which pays a race in Dublin 700,000 to hold an event of a race and a summit. Then the race organizers pays you 300,000 to speak and 400,000 to race but include 200,000 in expenses maybe more to speak and race. Then you start the entire cycle again. The idea is keep the money flowing through the chain and creating expenses along with reducing income.

Hog, that's scam poetry.

 

[doolols]

Armstrong does not donate directly to Livestrong, the Armstrong Family Foundation does. Who funds the Armstrong family foundation?

More obfuscation "Follow the money".

 

[Velodude]

Armstrong does not donate directly to Livestrong, the Armstrong Family Foundation does.

Who funds the Armstrong family foundation?

And this donation(s) from the "Armstrong Family Fund" is a permanently restricted net asset which means the donor has expressly stipulated the donation must be retained permanently by the Foundation and not be applied against funding expenses.

These funds then can only be applied to fund the capital expenditure of the Foundation like the new LA shrine property at Austin, Tx costing $9m.

 

[doolols]

These funds then can only be applied to fund the capital expenditure of the Foundation like the new LA shrine property at Austin, Tx costing $9m.

What? Not given to poor cancer sufferers to help them in their illness? Not to fund research into cancer? That's kind.

 

[Race Radio]

Never underestimate the willingness of the groupies to smear anyone that questions the myth

http://evolutionofanathlete.blogspot.com/2012/01/lance.html

 

[Hugh Januss]

Never underestimate the willingness of the groupies to smear anyone that questions the myth

http://evolutionofanathlete.blogspot.com/2012/01/lance.html

Who is that and why should I give a *** what he thinks?

 

[LarryBudMelman]

Never underestimate the willingness of the groupies to smear anyone that questions the myth

http://evolutionofanathlete.blogspot.com/2012/01/lance.html

Where do you find this $hit?

Pretty funny, in addition to loving LA he's suffering from a terrible case of diarrhea.

 

[Race Radio]

For an idea of things to come check out what is happening with Mortenson, hi publisher, Co-Author and charity. They are in big trouble for the scam they pulled.

http://byliner.com/jon-krakauer/stories/excerpt-three-cups-of-deceit#update-13

The frauds perpetrated by this enterprise, contrived and carried out by Defendants through their racketeering activities, were not slight, factual inaccuracies based on time or location, but outright lies which were used as advertisements to raise millions of dollars in charitable contributions and earn themselves millions of dollars in profits.

The myth invented by Wonderboy and Jenkins dwarfs Mortenson

 

[Race Radio]

Who is that and why should I give a *** what he thinks?

Freedom of speech is important, otherwise we might not know who the idiots are.

 

[wirral]

Freedom of speech is important, otherwise we might not know who the idiots are.

He can't spell 'lose' either. I didn't get much beyond that point. "Texan", "man's man", "loose [sic]", that was enough for me.

 

[Velodude]

Never underestimate the willingness of the groupies to smear anyone that questions the myth

http://evolutionofanathlete.blogspot.com/2012/01/lance.html

According to that blogger if you are a Texan, a man’s man, a beer lover, a legendary seducer of beautiful women, have a bad a.s.s attitude (to confront bouncers) and a control freak then, by imputation, that person, being LA the wonderboy, should be given slack and exonerated for wrong doings.

He becomes more vitriolic on Gifford’s criticisms of Livestrong/LAF. He needs to be corrected that Livestrong/LAF did set out to be a cancer research organization and that the Foundation did not “always claimed that their top priority is the idea of survivorship”.

In 2005, circa the retirement of LA from pro cycling, Livestrong/LAF changed its fundamental direction to awareness to allegedly make Livestrong more Lance-centric to promote its founder to public office that he admitted in 2008 was the office of Texas Governor by 2014. To 2005 Livestrong/LAF operated as a tax exempt raiser of funds for cancer research.

The blogger fails to notice that Gifford reported Armstrong (improperly) profited from Livestrong/LAF through the Demand Media deal.

After the deal was criticized in the media, Armstrong donated his initial sale proceeds—roughly $1.2 million—to the foundation and said he planned to donate the rest, too.

Allowing this deal to go through in 2008 without being informed in the financial documents for that and following years would support the blogger’s claim:

Gifford suggests that Livestrong is corrupt

Gifford is correct if a suggestion can be drawn that the organization is corrupt if profits due to the Foundation were diverted to a board member.

 

[LarryBudMelman]

More kool aid drinking....

http://www.atwistedspoke.com/the-livestrong-armstrong-outside-story-an-anecdote/#comments

 

[frenchfry]

For an idea of things to come check out what is happening with Mortenson, hi publisher, Co-Author and charity. They are in big trouble for the scam they pulled.

http://byliner.com/jon-krakauer/stories/excerpt-three-cups-of-deceit#update-13



The myth invented by Wonderboy and Jenkins dwarfs Mortenson

Too bad Krakauer hasn't developed an interest in Livestrong.

 

[HL2037]

Let's keep in mind first and foremost Lance is a Texan. Think for a minute about every Texan that you have ever met. Big state, big attitude, nothing bad but unquestionably different from what the social norm is in other places.

(http://evolutionofanathlete.blogspot.com/2012/01/lance.html)

I have never met a Texan so forgive my ignorance. Does this mean that in Texas it is normal to be like Lance Armstrong? Lying, cheating, bullying and making a fortune on dying people does not break the social norm in Texas?

 

[blackcat]

(http://evolutionofanathlete.blogspot.com/2012/01/lance.html)

I have never met a Texan so forgive my ignorance. Does this mean that in Texas it is normal to be like Lance Armstrong? Lying, cheating, bullying and making a fortune on dying people does not break the social norm in Texas?

they were part of meh hee co

 

[blackcat]

Too bad Krakauer hasn't developed an interest in Livestrong.

might change your idiom FF cos folks could could conflate "interest in livestrong" with "interest in livestrong with demand media script"

 

[Cloxxki]

I keep remembering someone's classic signature here. That those in Austin who don't like Lance, are the ones that actually met him.
If even true Texans don't like him...is that something good to learn about Texans or something bad about Lance?

 

[Louison]

Ok, I believe that Armstrong doped but I seriously don't get you guys spending so much time talking about him, searching for blogs and posts on other sites simply to rip on those people. Why is it that any Armstrong thread on any cycling forum gets turned into ripping on anyone who does not say Armstrong is the scum of the earth? I simply don't get that mentality, it really smacks of insecurity.

No, I am not trying to rip on anyone in this thread, I am hoping someone will try to present to me the reason for resorting to these kinds of things in an intelligent and logical manner. Thanks.

 

[Stingray34]