The secret $55 million loan has become a primary focus of federal prosecutors in Virginia who are investigating allegations of financial misconduct by Snyder and the Washington Commanders, multiple sources with firsthand knowledge of the inquiry told ESPN.
A federal grand jury has issued subpoenas for a cache of documents related to the team’s finances, including the loan. …
“Three billionaires — not a few whistleblowers — alleged to the NFL arbitrator that their partner had possibly committed bank fraud,” the source said. “This is jail time type of fraud. The NFL owes them as much of a fair shake as it owes Snyder. And the league had no interest in finding out what happened. They buried it and didn’t investigate it and covered it up.”
[Dan Snyder never was the most popular guy in the owner’s circle anyway. One has to wonder why Goodell would have sided with Snyder over the minority owners, as the latter allege in their complaints to prosecutors. If so, perhaps Goodell’s days as commissioner may be numbered as well. Stay tuned. — Ed]
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