Pro Atheletes Who've Been Swindeled, Filed For Bankruptcy, or Will Go Broke Soon

[Koolaid_Man]

Low financial literacy makes many athletes susceptible to getting scammed or suffering losses in high-risk investments. Low financial literacy shows up in a poor understanding of how investments work, what constitutes realistic returns and reasonable fees, and how advisers are supposed to interact with clients.

A college education doesn't guarantee financial success. For athletes and others, some vital money lessons are learned the hard way.....




Mike Tyson
Terrell Owens
Allen Iverson
Michael Vick
Lawrence Taylor
Manny Pacquiao
Antoine Walker
Lenny Dykstra
Deuce McAllister
Latrell Sprewell
Scottie Pippen
Steve Francis
Stephon Marbury
Dennis Rodman
Pacman Adam Jones
Tim Duncan :lol

[Strange Love]

None of which are dead broke. You fail again kool.

Even Iverson has like 40 something mils waiting for him.

[Koolaid_Man]

None of which are dead broke. You fail again kool.

Even Iverson has like 40 something mils waiting for him.


Timmy is on that All Loser list ..nothing you can do about it :lmao..he's the only dude on that list with a college degree :lol

[LkrFan]

Low financial literacy makes many athletes susceptible to getting scammed or suffering losses in high-risk investments. Low financial literacy shows up in a poor understanding of how investments work, what constitutes realistic returns and reasonable fees, and how advisers are supposed to interact with clients.

A college education doesn't guarantee financial success. For athletes and others, some vital money lessons are learned the hard way.....




Mike Tyson
Terrell Owens
Allen Iverson
Michael Vick
Lawrence Taylor
Manny Pacquiao
Antoine Walker
Lenny Dykstra
Deuce McAllister
Latrell Sprewell
Scottie Pippen
Steve Francis
Stephon Marbury
Dennis Rodman
Pacman Adam Jones
Tim Duncan :lol:lol

[Strange Love]

Timmy is on that All Loser list ..nothing you can do about it :lmao..he's the only dude on that list with a college degree :lol

Even the smartest guy in the room gets duped from time to time.

Et al, Maddof style.

[DMC]

Losing money is one thing, but:

Kobe Bryant reveals his wife miscarried because of the stress of his rape case in Colorado and says he blames himself

LA Lakers star reveals he blames himself for wife Vanessa's miscarriage
Believes the stress of the allegations led to her losing their child in 2005
Kobe says he 'failed miserably' at protecting his family during the scandal
Charges were dropped after alleged victim refused to give evidence at trial
Kobe and Vanessa went on to have another daughter in May 2006

[Koolaid_Man]

Losing money is one thing, but:

Kobe Bryant reveals his wife miscarried because of the stress of his rape case in Colorado and says he blames himself



LA Lakers star reveals he blames himself for wife Vanessa's miscarriage
Believes the stress of the allegations led to her losing their child in 2005
Kobe says he 'failed miserably' at protecting his family during the scandal
Charges were dropped after alleged victim refused to give evidence at trial
Kobe and Vanessa went on to have another daughter in May 2006





The miscarriage card? That's the best you can do? :lol step ya game up...my mama miscarried just before she had me....;-)

[Thread]

Yep, SF always throwin' Duncan in our face. "Oh, he's happily married." "Oh, he ain't filled with cock." "Oh, he never takes a reverse charges cold call." "Oh, he never loses money." "Oh."

[DMC]

The miscarriage card? That's the best you can do? :lol step ya game up...my mama miscarried just before she had me....;-)
When your indiscretions cost you your child, that's about as bankrupt as you can be. You must have been the afterbirth.

[TDMVPDPOY]

most of these clowns earn millions, yet i dont know why they pay with credit

then there are clowns who pay cash in full for stupid shit they dont need...


ps. kirby loss half, is just like losing it all...

[Strange Love]

Duncan ain't never paid or begged a woman to stay with him though.

Kobe: CHECKED

He's a few million dollars light because of one single bitch. Marry for pay. :lol

[Thread]

Duncan ain't never paid or begged a woman to stay with him though.

No, but, Amy made him pay her to leave. & the stupid ass could've done that & kept his 1st 5th the 1st time she wanted to leave.

[spurraider21]

No, but, Amy made him pay her to leave. & the stupid ass could've done that & kept his 1st 5th the 1st time she wanted to leave.

https://www.youtube.com/watch?v=GMatvWAgBoM

[Thread]

https://www.youtube.com/watch?v=GMatvWAgBoM

Yep, Tim invoked that pre-nup and she went and told on him. Then, THEN, then he paid her.

The kicker? He grudges her---her millions, but, then a year later loses $20 million on speculation.

Oh, yeah, he's a gem of a man.

[elmanutres]

5 > 5. I'm good

[spurraider21]

Yep, Tim invoked that pre-nup and she went and told on him. Then, THEN, then he paid her.

The kicker? He grudges her---her millions, but, then a year later loses $20 million on speculation.

Oh, yeah, he's a gem of a man.
do you have any proof to back this claim?

[Thebesteva]

The miscarriage card? That's the best you can do? :lol step ya game up...my mama miscarried just before she had me....;-)

Its not a miscarriage if you have hanger scars on your chest Kool

[TDMVPDPOY]

bribing victim...

only to lose half...lol curb

[Arnold Toht]

At least Duncan is still a millionaire. He made 200 mil in the NBA, gave back 199. He won 6 rings, gave 1 back.

If he had even a cent over a million bucks, he wouldn't be betting guys 500 that he'd make a 3-pointer. What a joke.

[z0sa]

Losing money is one thing, but:

Kobe Bryant reveals his wife miscarried because of the stress of his rape case in Colorado and says he blames himself

LA Lakers star reveals he blames himself for wife Vanessa's miscarriage
Believes the stress of the allegations led to her losing their child in 2005
Kobe says he 'failed miserably' at protecting his family during the scandal
Charges were dropped after alleged victim refused to give evidence at trial
Kobe and Vanessa went on to have another daughter in May 2006





Holy fuck. How Kool can even show his face around here after this one ..

[Killakobe81]

Losing money is one thing, but:

Kobe Bryant reveals his wife miscarried because of the stress of his rape case in Colorado and says he blames himself

LA Lakers star reveals he blames himself for wife Vanessa's miscarriage
Believes the stress of the allegations led to her losing their child in 2005
Kobe says he 'failed miserably' at protecting his family during the scandal
Charges were dropped after alleged victim refused to give evidence at trial
Kobe and Vanessa went on to have another daughter in May 2006





Lost in the Colorado case and Shaqobe feud I forgot until "my muse" that happened. I give him credit for owning his culpability in that miscarriage even if doctors and his wife told him he was not the blame. He never said it but I bet that was the son he never had ... Most "human" I ever seen Kobe ... even more than crying at his press conference with his wife.

As for being duped ... plenty of people smarter than Timmy have been swindled ... I think being cucked is worse, tbh.

[Koolaid_Man]

When your indiscretions cost you your child, that's about as bankrupt as you can be. You must have been the afterbirth.

it's not a child until 6 months in the womb.....until then it's just cake mix :lol

[Koolaid_Man]

Its not a miscarriage if you have hanger scars on your chest Kool

I got the scars to prove it....:lol

[Koolaid_Man]

bribing victim...

only to lose half...lol curb

this is it and this is all:


Damn dude. I feel sorry for Jim when I read your sig. Just think... he would have never even known had it not been for Amy shaking him down in private last year. Imagine this. Jim has this iron clad prenup to prevent his cheating wife from getting a dime. During their divorce she claims to have damaging information to destroy his clean image. Jim bribes her with a gag order but in the process of trying to hide some of his assets he finds out he's getting fucked by his own financial advisor.

When it was all said and done everyone got theirs. The mexican got his gym. Amy got a fat settlement and child support. His business partner kept 20% if the investments. And Jim kept his secret a secret.

[Thread]

5 > 5. I'm good

You even won your 5th twice.

tee, hee.

[Franklin]

Unlike those niggas, Duncan is a smart guy and he knows how to spend his money wisely. Dude's life is incredibly frugal and low-profile for a celebrity of his caliber imho. Even though frauds and the illegal immigrant had taken away a big deal of money from him, he still has more than enough money to sustain his lifestyle for at least two thousand years to come, imho.

[MarCowMar]

Reebok apparently saved Iverson's drinking, gambling self from a lifetime of autograph signings.


As part of his divorce proceedings, it was revealed that at the peak of his career, Reebok set aside a $30 million rainy day trust fund for Iverson. The problem is, he can't touch it until 2030, when he is 55 years old.

http://www.celebritynetworth.com/articles/celebrity/bankrupt-allen-iverson-has-a-15-million-reebok-trust-fund-that-he-cant-touch-till-2030/

Dunno what figure is right here, but I've seen interviews in the past that indicated he wouldn't end up like Pippen.

Also Tim's case isn't resolved yet. His wife may have gone behind his back, but if it means he gets to keep 100% instead of 50% the whole thing will look a lot more alpha in the long run, and that's what matters.

Really the NBA does a pretty good job of helping its players hang on to some of their money. In the NFL things are much sadder.

[Thread]

His wife may have gone behind his back, but if it means he gets to keep 100% instead of 50% the whole thing will look a lot more alpha in the long run, and that's what matters.

You ain't gettin' your 1st 5th back, dad. Ever.

[unleashbaynes]

The guy lives in San Antonio. No way he ever goes broke.

[UZER]

You ain't gettin' your 1st 5th back, dad. Ever.

:lol what you have to resort to these days

[Thread]

:lol what you have to resort to these days


Absolutely, daddy-O. You fucked up there & I ain't the one to let 'er die. Not by a jugful.

They were selling your championship gear on the tv. Yeah. Can you imagine:::switch it out, replace the Spurs with the Lakers,,,sell our shit one minute and then the next minute we're gone. We'd never hear the end of it. You? Hell, aside from this old cocker nobody ever said a word about it.

[unleashbaynes]

Then the next year they actually sold our shit on the TV and it was for realz. Felt soooooooo goooood.

I definitely bought it.

[Thread]

Then the next year they actually sold our shit on the TV and it was for realz. Felt soooooooo goooood.

I definitely bought it.

Absolutely, daddy-O. And I was here that very day and for many days after taking my lumps---arms crossed in front of me---(I saw this tact employed in the remake of the Alamo & thought it classy.)...tee, hee.

[Killakobe81]

Then the next year they actually sold our shit on the TV and it was for realz. Felt soooooooo goooood.

I definitely bought it.

It does. Sure we dont play but as fans we matter. Not as much as we may think , like or hope but we do. No problems with that at all. I bet despite the heart-ache of "6" ...5 was like new puss ...even if you hit it 4 times before ...

[UZER]

Absolutely, daddy-O. You fucked up there & I ain't the one to let 'er die. Not by a jugful.

They were selling your championship gear on the tv. Yeah. Can you imagine:::switch it out, replace the Spurs with the Lakers,,,sell our shit one minute and then the next minute we're gone. We'd never hear the end of it. You? Hell, aside from this old cocker nobody ever said a word about it.

:lol ok man.

[Caltex2]

Low financial literacy makes many athletes susceptible to getting scammed or suffering losses in high-risk investments. Low financial literacy shows up in a poor understanding of how investments work, what constitutes realistic returns and reasonable fees, and how advisers are supposed to interact with clients.

A college education doesn't guarantee financial success. For athletes and others, some vital money lessons are learned the hard way.....




Mike Tyson
Terrell Owens
Allen Iverson
Michael Vick
Lawrence Taylor
Manny Pacquiao
Antoine Walker
Lenny Dykstra
Deuce McAllister
Latrell Sprewell
Scottie Pippen
Steve Francis
Stephon Marbury
Dennis Rodman
Pacman Adam Jones
Tim Duncan :lol

You can be financial literate and make sound decisions and still end up broke and vice versa.


Reebok apparently saved Iverson's drinking, gambling self from a lifetime of autograph signings.



http://www.celebritynetworth.com/articles/celebrity/bankrupt-allen-iverson-has-a-15-million-reebok-trust-fund-that-he-cant-touch-till-2030/

Dunno what figure is right here, but I've seen interviews in the past that indicated he wouldn't end up like Pippen.

Also Tim's case isn't resolved yet. His wife may have gone behind his back, but if it means he gets to keep 100% instead of 50% the whole thing will look a lot more alpha in the long run, and that's what matters.

Really the NBA does a pretty good job of helping its players hang on to some of their money. In the NFL things are much sadder.

And you forgot club hopping for Iverson. I saw him in a Houston nightclub about 6-7 years ago and he had a police escort caravan for him and his posse.

[Koolaid_Man]

Then the next year they actually sold our shit on the TV and it was for realz. Felt soooooooo goooood.

I definitely bought it.

But what felt even sooooo much better than that was the year after which was about 2 weeks ago.....you were presented with a 6th chance to repeat...and well....we all saw what happened :lol

[Silver&Black]

No LF is implying it huh Thread (http://www.spurstalk.com/forums/member.php?u=19320) . You even posted ITT.

tee, hee

[Thread]

No LF is implying it huh Thread (http://www.spurstalk.com/forums/member.php?u=19320) . You even posted ITT.

tee, hee

I never said such.

[Silver&Black]

I never said such.

That's horseshit. You just said 20 minutes ago that no LF is implying such. Now it's "I never said such".....:rolleyes.

Your hand is caught in the Cookie Jar. Now the way I see it...you've got two choices:

1. Admit you made a honest mistake.
2. Throw Kool under the bus and declare him to be full of shit.

If I was your lawyer...I would advise #2.

[Thread]

That's horseshit. You just said 20 minutes ago that no LF is implying such. Now it's "I never said such".....:rolleyes.

Your hand is caught in the Cookie Jar. Now the way I see it...you've got two choices:

1. Admit you made a honest mistake.
2. Throw Kool under the bus and declare him to be full of shit.

If I was your lawyer...I would advise #2.

Christ, Kool was being facetious, &. His tongue was firmly set in cheek. Just joshin' ya's. Funnin' about. That's why he set the smiliy next to Tim's name.

You're blood drunk, &. Calm the fuck down.

[Silver&Black]

You're blood drunk, &. Calm the fuck down.

I'm still ornery bout the Clipps....I'm sure you understand.

[Thread]

^And you should be---it was all right there in front of you. An easier path to a repeat does not exist. You own LeBron's jock. Right this second you'd be sittin' on easy street torturing LF, makin' us eat the shit sandwiches as quick as Kori could make 'em. Instead, look at ya's. Just sad for you fellows.