Adam Weitsman and NIL

[donniesyracuse]

I tend not to believe the negatives.

Do you believe the bank fraud story?

 

[FasterCuse]

Do you believe the bank fraud story?

The guy admitted fault and spent time in jail. Not sure why it's relevant now. At least unlike some other millionaires in Skaneateles he's not trying to play shell games to get huge tax breaks from the local governments.

 

[GoSU96]

Do you believe the bank fraud story?

Since guy openly talks about, what’s not to believe.

do you think that makes him a bad person forever.

 

[donniesyracuse]

Since guy openly talks about, what’s not to believe.

do you think that makes him a bad person forever.

Nope, the poster said he didn’t have confirmation on negative stories and didn’t necessarily believe them. I was looking for clarification.

 

[SuFTW]

Weitsman just freed up some money for more NIL.

Adam Weitsman says will not buy $17.9 million Palazzo Riggi​

The Saratoga Springs home of socialite Michele Riggi and her late husband Ronald is back on the market after Wietsman, the owner of a $1 billion scrap metal business in central New York opts against purchase of mansion​

Adam Weitsman says he will not buy $17.9 million Palazzo Riggi

The Saratoga Springs home of socialite Michele Riggi and her late husband, Ronald, is back on the market after Weitsman, the owner of a $1 billion scrap-metal business in central New York, opts against purchase of mansion.

www.timesunion.com

 

[UnknownOrange]

I too am not going to buy that Saratoga home. I hear it's a dump. On to the next!

 

[PhatOrange]

Weitsman just freed up some money for more NIL.

Adam Weitsman says he will not buy $17.9 million Palazzo Riggi

The Saratoga Springs home of socialite Michele Riggi and her late husband, Ronald, is back on the market after Weitsman, the owner of a $1 billion scrap-metal business in central New York, opts against purchase of mansion.

www.timesunion.com

For Halloween Riggi used to dress up as Cinderalla and have a full court with an extravagant horse and pumpkin carriage. She'd hand out candy bars and random bars would contain $100 bills. Theyd give the people in line free cider donuts and hot chocolate. She used to spend a 100,000 or more on the decorations and pumpkins and mums. It was quite amazing.

 

[David321]

Weitsman just freed up some money for more NIL.

Adam Weitsman says he will not buy $17.9 million Palazzo Riggi

The Saratoga Springs home of socialite Michele Riggi and her late husband, Ronald, is back on the market after Weitsman, the owner of a $1 billion scrap-metal business in central New York, opts against purchase of mansion.

www.timesunion.com

Well that stinks, I work up the street from here. Was hoping to run in to him and lobby him for some NIL for the team!

 

[Cuseregular]

Do you believe the bank fraud story?

yes of course, as he talks about it with his friends and within the profound group as life learning experience.

profound | Join Upstate New York's Top Masterminds Group

Become a member. Expand your network. Grow your business. Connect with our area's most ambitious and brightest leaders, business execs, entrepreneurs and more.

profoundmastermind.com

If you've ever written a check in your life for more than was currently in your account and/or bounced a check in your life (as I have), then we're just as guilty. The difference is in the amounts/circumstances. It wasn't an elaborate "fraud" scheme, it was an error of personal judgement with significant consequences.

The ones I don't believe are the naysayers who say he doesn't follow up on his pledges and/or that theres no way he can have the wealth he has from his businesses alone, that somehow cuz of the above he's crooked and "connected" somehow to the underworld. BS, and jealousy is my take, especially being from NYC and having old history family connections in that world. He isn't in that group believe me, and if he wasn't owning up to his pledges I'd imagine we'd have heard that as well.

 

[Sudano]

They don’t have to rep one of his companies in a commercial.

A LOT of these collectives that are paying ENTIRE TEAMS are requiring that the players are involved in local charities and such.

And Weitsman seems fairly charitably inclined, so it’s quite possible that’s what he’s done, assuming he even has done anything to date.

Give me lots of money and I'll help the less fortunate out of the kindness of my wallet, I mean heart...

 

[Orangepace]

Do you believe the bank fraud story?

Not sure why people want to tear the guy down… he made a mistake, did his time and grew from it. Over 50% of the self made billionaires on the Forbes list have had a Company go bankrupt, learned from it and then hit it big. Those companies stiffed vendors, creditors, investors and governments. While not exactly the same thing, perspective is driven by whomever is shining the light. Why envy them, yet try to tear down one of our own fan members? Doesn’t make sense to me.

He graciously wants to support a University that he never attended. Don’t look a gifthorse in the mouth.

When I was 14, I may or may not have stolen a stop sign. I wasn’t aware it was a felony at the time of the alleged incident, but learned quite quickly it was a serious offense. Now I’m 41 and realize how dumb that was and that it could have led to trauma for an unsuspecting family. Not being caught or charged for this alleged incident doesn’t absolve me. Should I wear that alleged stop sign around my neck for life?

 

[Jake]

From what I’m hearing….$1M in “NIL” $ is like bringing a butter knife to a gun fight.

 

[GoSU96]

From what I’m hearing….$1M in “NIL” $ is like bringing a butter knife to a gun fight.

Depends on what the strategy is. If you get in bidding wars for 5 stars sure, but SU can’t swim in those waters.

 

[donniesyracuse]

If you've ever written a check in your life for more than was currently in your account and/or bounced a check in your life (as I have), then we're just as guilty. The difference is in the amounts/circumstances. It wasn't an elaborate "fraud" scheme, it was an error of personal judgement with significant consequences.

You are certainly downplaying it.

Jan 15, 2004 'In the end, I did it,' Weitsman admits

Clipping found in Press and Sun-Bulletin published in Binghamton, New York on 1/15/2004. Jan 15, 2004 'In the end, I did it,' Weitsman admits: OWEGO - Adam Weitsman will stand up in U.S. District Court, accept the responsibility and punishment for kiting 3,800 checks, do his time, pay his fine...

www.newspapers.com

 

[donniesyracuse]

When I was 14, I may or may not have stolen a stop sign. I wasn’t aware it was a felony at the time of the alleged incident, but learned quite quickly it was a serious offense. Now I’m 41 and realize how dumb that was and that it could have led to trauma for an unsuspecting family. Not being caught or charged for this alleged incident doesn’t absolve me. Should I wear that alleged stop sign around my neck for life?

Right, that’s a comparable situation.

 

[OrangeXtreme]

From what I’m hearing….$1M in “NIL” $ is like bringing a butter knife to a gun fight.

We have one $1M whale.

SEC schools have 100's of them.

 

[FasterCuse]

We have one $1M whale.

SEC schools have 100's of them.

That's what depresses me the most. I'm glad Adam is willing to back some NIL opportunities, but a lot of these State schools have 50 Adam's and a lot more alumni that can fund their collectives with more money than most.

 

[GoSU96]

We have one $1M whale.

SEC schools have 100's of them.

100’s? Multiple schools each have 100’s of alums willing to drop millions on football players?

I know inflation is bad, but this isn’t Weimar Germany

 

[Orangepace]

Right, that’s a comparable situation.

Actually, again perspective.. Removing a stop sign could easily result in a car accident, potentially taking a life. I’d say thats worse than check fraud.

If you’re going to roll your eyes, come loaded.

 

[orangenauburn]

From what I’m hearing….$1M in “NIL” $ is like bringing a butter knife to a gun fight.

Yup. ND five star safety commit was offered north of $2m by Oklahoma and Oregon, and he turned them down

 

[storange]

Yup. ND five star safety commit was offered north of $2m by Oklahoma and Oregon, and he turned them down

I believe you but what is your source in this, it’s really not surprising in today’s atmosphere.

 

[orangenauburn]

I believe you but what is your source in this, it’s really not surprising in today’s atmosphere.

It was floating around Twitter and the recruiting sites boards

Could be bluff and fluff

Could be true and being denied for financial / legal reasons

There are some eye popping numbers being thrown about with some kids

 

[donniesyracuse]

Actually, again perspective.. Removing a stop sign could easily result in a car accident, potentially taking a life. I’d say thats worse than check fraud.

If you’re going to roll your eyes, come loaded.

Well, it’s certainly not something of which you should be proud, but you were not an adult.

 

[richmondcuse03]

That's what depresses me the most. I'm glad Adam is willing to back some NIL opportunities, but a lot of these State schools have 50 Adam's and a lot more alumni that can fund their collectives with more money than most.

I’m not sure how any of this is sustainable without money coming directly from tv deals and revenue sources. But maybe there’s a lot more millionaire football fans out there than I realize…

 

[kcsu]

Jw is on record saying Adam always checks compliance before doing anything related to SU. The guy has built an incredible business. He supports SU and a ton of charities. Still people want to focus on the past.