$50 in Oscar's hometown of Lubumbashi goes about as far as it does in Kentucky. It's significantly bigger than Louisville.
Crowd funding Oscars NIL
- Thread starter jwheat
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He’s got just a like 2-3 months left and he will be doing way better than the rest of us.
2-3 months too long in the eyes of a Kentucky basketball fan who knows sharpe is our highest paid player
All it would take is a shell company in Congo to funnel money to. Or a Congolese existing company to see value in oscar which I’m sure he will be a national superstar soon if he isn’t already.
Size of city doesn’t have much everything to do with cost of living. His city is one of the richest in DRC, but the data I’m showing has the avg salary per month as $303 after tax. I would say that’s more than Avg in Kentucky.
Another data source has conflicting info. It is showing The average salary to be Closer to kentucky but the median is showing as only $20K compared to $50K in KY.
Either way, love supporting the kid anyway I can legally.
they Did the same thing for Bagley and hell as far back as Chris Duhon
I’m sure it is probably 20k if they are lucky. $50 would definitely go further there than here.
Lol there are “wealthy” developing nations that couldn’t compete with Kentucky’s per capita GDP. Large cities means nothing except more slums. Congo is one of the poorest countries on earth and where Kentucky probably averages 35-40K in GDP per capita congo is probably 1/10th of that or less. My money is on less.
This is a very bad idea. Before doing something like this or offering anything to Oscar, I would suggest you contact an attorney who specializes in immigration law. And potentially also an attorney who specializes in white collar crimes like fraud.
While your underlying intentions may have been good, you are potentially putting Oscar in legal jeopardy if you do something like this. Not to mention risk of legal jeopardy for yourself if the Feds decided to view your foreign transfer of funds to a third party in order to circumvent US immigration law as an act that constitutes fraud.
It may be frustrating that Oscar is limited in ways that other are not when it comes to NIL, but taking matters into your own hands is not a good idea.
Yeah, and that could work. But does Óscar really wanna be messing with such sneaky shenanigans when federal law is involved and he’ll be out making more money in the pros soon enough anyways?
Ain’t worth the risk …especially with the money he can soon make without taking unnecessary risk.
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Working on it I won't do anything in haste. I'm not going to do anything further on it until Oscar response to my Cameo question of him, and it appears that that response will not take place for about a week
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I just read the Congo has 24 trillion in natural resources. It wouldn’t be difficult and it wouldn’t be sneaky.
Do you understand the downside if he got caught trying to do an end run around his visa restrictions like that?
He’d be deported, which means he also wouldn’t be eligible to even apply for permission to re-enter the United States for five to twenty years (the length depends upon the reason deported), effectively killing his chance to have an NBA career.
Why would anyone take that risk when they know they can make more money in the pros next year anyways?
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Lol listen Dave none of us have a clue what oscar is getting in revenues through his home country. I promise you he is getting paid like any other athlete from an African nation and it’s being done legally. I don’t think any of you have to or should worry about oscars family. I understand compassion and empathy but i personally think his family is being taken care of. No one can say that for sure but it would take some seriously incompetent people to not make it happen. It takes 20000$ Of foreign investment to start an LLC in the DRC and i promise you there is someone making sure oscar and his family is taken care of.
if this wasn’t the case i promise you oscar would be in Europe or gleague playing bc the drc is extremely impoverished. Stop worrying about a guy who likely has a net worth or will in the next two years have a net worth higher than 99% of the people on this forum. You guys need to get out to see and learn from the world. This is honestly child’s play to get oscar nil money. Someone even cal may say he gets nothing but I promise you based on a couple of things I just checked oscar is getting paid. Maybe even much more than the guys in the usa where it’s spread around. Oscar could become a national hero.
Better yet, help Oscar get his family here. Not sure how many family members are still in the Congo it that would be better than a NIL deal and money going to his mom. She might get killed or held hostage if anyone found out she had significant cash……and they would find out.
True...
I'm certain UK has,already discussed the situation with Oscar.Im also certain that Oscar is well aware of what he cant do that might jeopardize his eligibility at UK as well as his Visa.
While it is understood that we fans only want Oscar to also be able to reap the benefits of NIL deals,the current rules dont seem fair and illogical,thus far there is a chance Oscar returns to UK for his senior season.
I wouldnt worry about it.
Sounds like y’all are starting up a money laundering operation. If so remember all financial institutions and wire transfer operations are required to report all transactions over 10k or over going out of the country under the Banking Secrecy Act.
well first you have to understand that immigration law stops at the border. Business done in the drc will have zero to do with his visa status. Period. I own a company in Latin America and other than what I earn that is reportable income the USA does not care what the locals own. There is zero risk if say someone wanted to open a company in Congo and call it OT is a Beast gas company. There is zero effect on his visa status.
there is another caveat and maybe someone knows the answer. Is it a certainty that OT solely has a student visa? I’m not immigration attorney but knowing full well his visa status will have to change to play in the nba could it perhaps be in process of change or changed without anyone knowing? The answer is we don’t know. Idk
but i do know this. If I want to got DRC tomorrow and open a company, hire locals to work and pay Oscar to either now or future endorse my product it would not violate any law as long as I am American owner report my income. Oscar nor the workers or family would be with in reach of any US immigration, tax or other law. Of course if oscar earns that money in the US he must report it.
i think there is a lot more to the story. It’s like when people were running around saying wenyens family was poor when in fact they were all educated and doing well. It’s an assumed rumor because many folks in Kentucky have never seen the big picture.
Do they want to go to the states to live? I mean I know people in some pretty sketchy areas of the world who would never leave. Also any intelligent person would never hoard cash in a country like the drc. And if they became wealthy I’m sure a compound and guards would enter the equation.
Oscar is a great player no doubt. Honestly his best play though is to come back next year and work on his offense. The difference money wise for a top 10 draftee in the NBA vs a low second round pick is huge. The money to hone his game one more year is huge. Today on the draft boards I have seen has Oscar lower second round. One more year at UK would make a huge difference in Oscar and his entire family!
Dude, you were talking about creating an overseas “shell company” for money to be “funneled“ into from the United States, so that Oscar could be paid money really coming from the US., but disguised to appear from a deal with a purely Congolese business (ie. our shell company).
As @Blue Hair noted, that scheme contains far too much money laundering type terminology to suit my comfort. There is no way in hell you can convince me that’s a risk worth taking.
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Is this thread making anyone else REALLY nervous?
It very simple to comply with US/international money laundering laws. First to send money to the drc legally you would have to show where it came from. As long it isn’t derived from an illegal source ie drugs, human trafficking, etc it is legal.
If it’s invested into a corporation in the drc once the money is there it’s there for good. As long as that money is not going back to the states in an illegal fashion meaning bringing more that 10000$ in cash or other currency there is no money laundering. If you want to wire yourself 10000000$ from drc as long as it’s reported and the applicable taxes paid on the gains, again with proof of origin it’s not money laundering. This isn’t some nefarious plan it’s how international business works.
It’s not difficult, it’s not illegal. It may sound intimidating but as long as you report income, as long as you source the income there’s nothing to worry about. Many Americans open companies all over the world. It’s when the money (cash) is flowing back and forth that money laundering becomes a concern. The owner of the corporations only concern would be reporting their income. Or if they were stupid and tried to bring more than 10000$ in cash or gold physically to the US. This is a no brainer and i wouldn’t call it a scheme by any measure. The legal channels are very clear and easily maneuverable.
Report it where? The bank knows hell they’re the ones sending it. Or do they play dumb and you have to print out their records of your transactions and fax it back over to them. Sounds like red tape city to me I’m passing
Exactly. Report everything, pay the taxes on any earned income abroad, the original funds MUST be earned legally, any monies abroad earned must be legally earned. Americans are investing all over the world and the drc with its wealth of resources to me seems like a good investment. All of this is cheap to do and honestly due to the simplicity I bet it’s already been done through an existing corporation or a new entity. I understand to anyone who doesn’t do business abroad it’s intimidating but follow the law.
Btw all of my suggestions are theoretical and I have no intention of doing something like this myself lol. I’m just saying that it can be done legally
The transactions are reported to the Treasury Department, Comptroller of the Currency Office. Of course our friends at the IRS are also part of the Treasury Department.
Hang out at the mall, and slip him 1000 bucks in a bag. If 100 fans do this, he's set
This is the right move. Pay the $50 and leave a message telling him not to worry about making the video.
Nevermind that. I just contracted with a pilot that flies cargo routes over Congo.
I’ve given him the GPS coordinates of Oscar's family home.
He is going to fly below radar detection and drop an unspecified amount of money in small unmarked bills.
If anybody wants to contribute to "Operation Oscar" I can send you some venmo information. Just let me know
Not at all, we’re counting on Dave and his information. Lol sorry buddy
This because we’ll all know the Feds love to waste our tax money on new things like todays news that they are giving out crack pipes now. Congrats Biden you know what Americans want! But back to this they will nail any normal Joe for a multitude of things they do daily.
Since when can a group of private citizens, not connected to a university, not make a charitable donation to folks in need. Charitable donations have been made Americans to folks in need around the world for decades.
The bolded part is the problem. NCAA rules don’t just forbid the school, but also boosters, from paying a player or his family. As for what’s a “booster”, it has a broad ambiguous definition that can be interpreted to include nearly any hardcore fan who donates money toward the athletic department.
If there were a crowdfunding campaign organized by UK fans toward the exclusive goal of paying Oscar Tschiebwe’s mom, it wouldn’t be hard to see through that as a booster scheme to pay Oscar through the backdoor. And with valid reason, we ain’t just charitably picking a random African woman to pay, but rather the one related to our favorite UK player with the self-serving motive of trying to get him to stay.
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Jerry Tipton is tracking all of your IP addresses now.