Rumor Mill: Phil Heath's Colorado Check Bounced?

[240 is Back]

From Musclehayem... exact quote...


"BROS CHECK THIS SHIT OUT JUST FOUND OUT THAT SUGAR SHAWNS CHECK BOUNCED ALL THE WAY TO PHIL HEATHS BANK THE PRIZE MONEY THAT PHIL WON IN COLORADO DIDNT CLEAR

THATS ****ED UP

NOW THATS THE ****ING SCOOP"

[sarcasm]

this will turn the bodybuilding world on it's ear if it's true.

[240 is Back]

this will turn the bodybuilding world on it's ear if it's true.

mayhem is NOT deleting it.  Interesting.  I don't know if it's true or not.  Weird they didn't kill it- instead others are chiming in about it.

[Ron]

There was a problem with the check regarding a sweep account (if you know business, you understand). It was cleared up immediately when it was found out. There is no problem now.  The bank people should know that companies have multiple accounts, and that you keep monies in one main account (for interest reasons), and when needed, money sweeps into the accounts. Especially for a $25,000 check. They should know better. (Over $10,000 checks, especially for someone who doesnt get it, sometimes requires special attention). But sometimes, they don't do it correctly. You can beleive that they got in trouble for that, especially since it was an out of state check (Phil in Colorado, Shawn in California). All they needed to do was check for multiple sweep accounts.

Also, rumors that Phil is already a Vyotech athlete is just not true. Negotiating at the moment with a number of companies, as is his choices, and eventually, Phil will do whatever is in his best interest for the future. As for having an AMI contract, yes, that is correct. He renewed that.

I had that situation a few times here in California via a payroll check on newer employees when bank tellers dont do it correctly.


So end of story.

[sarcasm]

mayhem is NOT deleting it.  Interesting.

yeah if that suck ass brownnosing Massive G leaves it up and even posts in the thread you know it has some legs.

[alexxx]

lol no way I though Shawn was a stand up kind of guy?

[gordiano]

NO way...........

[Vince G, CSN MFT]

There was a problem with the check regarding a sweep account (if you know business, you understand). It was cleared up immediately. There is no problem now.

Yea, that happens a lot.  Generally the bank to contact the party if a large amount of money is presented against the account

[amoney86]

Looks like 240s breaking news was once again nothing.

[240 is Back]

Looks like 240s breaking news was once again nothing.

So I posted what I said was a rumor about a check not clearing, and Ron confirmed there was a problem with the check.

From Mayhem - who do not like Shawn.

[amoney86]

240 are you getting a tad angry?

[bigdumbbell]

There was a problem with the check regarding a sweep account (if you know business, you understand). It was cleared up immediately when it was found out. There is no problem now.  The bank people should know that companies have multiple accounts, and that you keep monies in one main account (for interest reasons), and when needed, money sweeps into the accounts. Especially for a $25,000 check. They should know better. (Over $10,000 checks, especially for someone who doesnt get it, sometimes requires special attention). But sometimes, they don't do it correctly. You can beleive that they got in trouble for that, especially since it was an out of state check (Phil in Colorado, Shawn in California). All they needed to do was check for multiple sweep accounts.

I had that situation a few times here in California via a payroll check on newer employees when bank tellers dont do it correctly.


So end of story.

dont say banks should know better ron, that's fiscal recklessness if banks do that

[Slick Vic]

There was a problem with the check regarding a sweep account (if you know business, you understand). It was cleared up immediately when it was found out. There is no problem now.  The bank people should know that companies have multiple accounts, and that you keep monies in one main account (for interest reasons), and when needed, money sweeps into the accounts. Especially for a $25,000 check. They should know better. (Over $10,000 checks, especially for someone who doesnt get it, sometimes requires special attention). But sometimes, they don't do it correctly. You can beleive that they got in trouble for that, especially since it was an out of state check (Phil in Colorado, Shawn in California). All they needed to do was check for multiple sweep accounts.

I had that situation a few times here in California via a payroll check on newer employees when bank tellers dont do it correctly.


So end of story.

Thanks for clearing the air, Ron. I was beginning to think, 'WTF!?!?'

[onlyme]

There was a problem with the check regarding a sweep account (if you know business, you understand). It was cleared up immediately when it was found out. There is no problem now.  The bank people should know that companies have multiple accounts, and that you keep monies in one main account (for interest reasons), and when needed, money sweeps into the accounts. Especially for a $25,000 check. They should know better. (Over $10,000 checks, especially for someone who doesnt get it, sometimes requires special attention). But sometimes, they don't do it correctly. You can beleive that they got in trouble for that, especially since it was an out of state check (Phil in Colorado, Shawn in California). All they needed to do was check for multiple sweep accounts.

I had that situation a few times here in California via a payroll check on newer employees when bank tellers dont do it correctly.


So end of story.

Not end of story.  No matter what the money should have been there.  As you know in business as you state you DO NOT bounce checks.  And with a show there are no multiple accounts.  WHY?  You get sponsorhsip money in you deposit it.  You write checks for no more that is in the account.  THAT IS BUSINESS.  DO NOT try to sugar coat this.  This is very serious.  This absolutely is another black eye for the IFBB and their shows, and there promoters.  It doesn't not matter if it is cleared up now.  It bounced, it's that simple.  Wonder if Phil had checks come in for his mortagage, car payment, medical insurance, life insurance, IFBB dues  and those checks bounced because of these incident.  What happened to placing all the prize money into an escrow account prior to granting the sanction.  And if that check bounced then how many other smaller checks bounced around town.  No matter what this looks bad and is bad.  This is a show which accounting is acutally pretty simple.  All it does is support everything I said 100%

Ron, you keep defending this and other happenings in the IFBB yet won't support Wayne and the PDI.  Wayne had the ethics to not display anything regarding the NOC because of the NY Pro yet the IFBB and their related entities disrespect Wayne and the PDI.  WHo needs the other radio stations.  I just got off the phone with Wayne and the PDIradio.com will be awesome.  All this fuels the PDI. I want to thank you for that.

[RAT MCBAT]

From Musclehayem... exact quote...


"BROS CHECK THIS SHIT OUT JUST FOUND OUT THAT SUGAR SHAWNS CHECK BOUNCED ALL THE WAY TO PHIL HEATHS BANK THE PRIZE MONEY THAT PHIL WON IN COLORADO DIDNT CLEAR

THATS ****ED UP

NOW THATS THE ****ING SCOOP"

should have went to amscott

[rocket]

Not end of story.  No matter what the money should have been there.  As you know in business as you state you DO NOT bounce checks.  And with a show there are no multiple accounts.  WHY?  You get sponsorhsip money in you deposit it.  You write checks for no more that is in the account.  THAT IS BUSINESS.  DO NOT try to sugar coat this.  This is very serious.  This absolutely is another black eye for the IFBB and their shows, and there promoters.  It doesn't not matter if it is cleared up now.  It bounced, it's that simple.  Wonder if Phil had checks come in for his mortagage, car payment, medical insurance, life insurance, IFBB dues  and those checks bounced because of these incident.  What happened to placing all the prize money into an escrow account prior to granting the sanction.  And if that check bounced then how many other smaller checks bounced around town.  No matter what this looks bad and is bad.  This is a show which accounting is acutally pretty simple.  All it does is support everything I said 100%

Ron, you keep defending this and other happenings in the IFBB yet won't support Wayne and the PDI.  Wayne had the ethics to not display anything regarding the NOC because of the NY Pro yet the IFBB and their related entities disrespect Wayne and the PDI.  WHo needs the other radio stations.  I just got off the phone with Wayne and the PDIradio.com will be awesome.  All this fuels the PDI. I want to thank you for that.

Pfft.. another person being enthused by wayne to actively post anti IFBB sentiments here.  Any melodrama that exists you guys are here to make big noise about it.

Anybody else feel like this board is suffering because of the tit for tat that is currently going on, like a whole lot of agenda and not much actual honest discussion?  Does it feel like honest discussion when you've got numbskulls pretending like a simple bank error is a huge blight on the industry?

[onlyme]

Yea, that happens a lot.  Generally the bank to contact the party if a large amount of money is presented against the account

What planet do you guys bank at.  First of $25,000 is NOT a big check to write when you are doing a show if this type and you HAVE money in the account.  If anything the bank will call the accountholder to verify if he did indeed write the check.  I have had that happen before.  Or I have actually told my bank that I am writing a check for a large amount to a certain person and give them the check number.  Sorry but no excuse.  If you have money in the account to cover the check then their is no problem.  Simple and to the point.

And, whatever bank is used, I am pretty sure with all those sponsors listed that many deposits were given.  Visits to the bank, talking with the tellers, the account rep who opened the account and even an executive at the bank when you are doing something like this show.  

[rocket]

I couldn't care less about either camps, I'm just an impartial observer.  I think both sides are talking some serious bullshit and its boring the shit out of me to see the try oh so hard to pop in casual comments like Bob tonight during his mc'ing.  Yep, sniping remarks will surely have a huge bearing on who wins the war

[onlyme]

And one more thing   Since this is apparently true.  Who told who.  The only person who would know is Phil Heath since it was his account.  In addition, from what I read his account is in California and the bank it was drawn from was in Colorado.  So it took multiple days to get from his bank to the issuing bank, why was there no money in there.  I could imagine if he went to the local bank on Monday and tried to get cash and they said there was no money in the account to cash his check.  Since the Saturday money might not have been deposited.  But, then again VYOtech put up the prize money and there should be no reason the check bounced.  I can't figure it out.  Shouldn't have happened

[Ron]

Again, enough of the agenda of attacking whomever if something goes wrong. There was an error - it was taken care of. This happens in business.  When you run a business, things happen. Have you ever tried to deposit a $25,000 check immediately in your account. You don't know the circumstances. I had one bank tell me they want a 14 day hold on it. I had another say the money isnt there - yet when I callled my friend at that bank, they verified that it was there, but the money was on hold for a day. Lots of factors.

In any case, this is a mute issue. Problem done. Lets get on with the next issue. The attacks must stop. As for Wayne and the PDI, Wayne is more than welcome to post whatever he wishes on whatever. And there would be no attacks the other way either. Fair is fair. All others have stopped the attacks - it is time to discuss issues without the attacks. You owe me lunch anyway.

[bigdumbbell]

onlyme  they cant launder money like they did prior to sept 11

[onlyme]

Again, enough of the agenda of attacking whomever if something goes wrong. There was an error - it was taken care of. This happens in business.  When you run a business, things happen. Have you ever tried to deposit a $25,000 check immediately in your account. You don't know the circumstances. I had one bank tell me they want a 14 day hold on it. I had another say the money isnt there - yet when I callled my friend at that bank, they verified that it was there, but the money was on hold for a day. Lots of factors.

In any case, this is a mute issue. Problem done. Lets get on with the next issue. The attacks must stop. As for Wayne and the PDI, Wayne is more than welcome to post whatever he wishes on whatever. And there would be no attacks the other way either. Fair is fair. All others have stopped the attacks - it is time to discuss issues without the attacks. You owe me lunch anyway.

Ron, I am not attacking Shawn.  I am simply stating that this DOES NOT happen.  And there are no circumstances to understand.  A check bounced cause their was no money in the account.  Simple.  How hard is that to understand.  Anyway, you are buying the first lunch (expensive) I will buy the second lunch (less than $20 for both of us , buffet). 

[240 is Back]

Weird that we never hear of any monies being held for any reason until this show.  If this was a common thing, wouldn't many have heard of it before?  And did the Heath camp leak it?  They had to have, right?  WHo else would know what happens in Phil's checking account?

[bigdumbbell]

Weird that we never hear of any monies being held for any reason until this show.  If this was a common thing, wouldn't many have heard of it before?  And did the Heath camp leak it?  They had to have, right?  WHo else would know what happens in Phil's checking account?

lol. unless he was writing checks for gaudy jewelery on the checks that bounced

[Undercover Supp Guy]

Sounds fishy Ron..