HAS LVPI PAID THE USD 80,000.00 TO FIVB ?

Two staunch defenders of LVPI posted documents in their Twitter accounts that allegedly prove that LVPI paid USD 80,000.00 to FIVB.

Defender 1 posted the document below :

Defender 2 posted the email below :

Let us first examine the document posted by Defender 1. The document is an email from the FIVB Finance Committee stating that an original invoice will be sent to LVPI through UPS. What is significant about the email is the emphasis on the bank details. Obviously, the sender of the email is informing LVPI of FIVB's bank details to facilitate the money transfer. The invoice referred by the sender is not a receipt of actual payment but rather an invoice that tells to what bank, how much money and for what purpose a certain amount of money LVPI must transfer. The invoice is certainly not an acknowledgement of payment.

Now the document posted by Defender 2 is an MT 103. An MT 103 is a single customer credit transfer. What is significant in LVPI's MT 103 is the value date as indicated in 32a. The value date is the day when the transfer is completed. The indicated value date of LVPI's MT 103 is May 4, 2015. Meaning, the amount of USD 80,000.00 will only be completely transferred to FIVB'S account on May 4, 2015. FIVB will only be able to withdraw the said amount on May 4. Hence, technically, LVPI will only fulfill its obligation to FIVB on the said date. Up until May 3, 2015, LVPI will still owe FIVB the USD 80,000.00. Interestingly, the value date coincides with the day I posted on my blog an article that features Mr. Andre Meyer saying that no amount of USD 80,000.00 went into any of FIVB's account.

These two defenders think that the volleyball community is too dumb to pay close attention to the documents that they are posting. They think that people are just so naive to believe whatever they post or tweet. They are certainly wrong. Very wrong indeed.