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lol financially cucked
Tim has filed a lawsuit over some investments his long term financial adviser made for him.
The long time adviser since 1998 made some investments for Tim in Gameday
worth 7.5 million. The lawsuit said the adviser was getting payments
Tim didn't sign off on. All this came to light last year when Tim's divorce
was going on.....
http://www.kens5.com/story/sports/nb...ment/22589215/
Last edited by Biernutz; 01-30-2015 at 03:38 PM.
lol financially cucked
Sucks for Tim...hope he needs to play another year to make up the money......
Just goes to show you how much coin these guys make if they don't even notice 7.5 million missing from their wallets.
This is the dude:
http://www.maisonloree.com/About-MLO...-CHARLES-BANKS
"involved in multiple passions within the wine world."
what? "English, mother er ...."
Nope. He's gonna make that got pay up in court.
Well he does have the face of a corrupt agent..
Like Pop
Since 1998? 20% ...
Wow that's a lot of money.
& forgery is a serious offense..
I'm astounded that athletes trust anyone outside of top financial ins utions with their money. I see my industry tarnished by so many empty suits and even worse frauds. It's not all that hard to cram for a few exams and get licensed unfortunately.
Anyone who puts more than a percentage of their assets with any one ins ution / investment that they wouldn't mind taking as a total loss is insane. Hopefully for Tim this was just that - a small percentage gone sour.
Athletes and physicians are the dumbest people about money. Basketball stars who make millions and millions, but somehow that is not enough. Instead of putting their money in safe investments or fairly low risk mutual funds, they invest in night clubs, hotels, and restaurants.
Which led to a 1st time for me, link to Thigh Gap Thursday.
Send Baynes to the guy's office with a 2x4. He'll pay up.
Only invested probably 2% of his career earningd/endorsements
Except that's not what the article says at all. Reading is fundamental.
translation: "he's white"
http://www.bloomberg.com/news/articl...nts?cmpid=yhoo
$20 million is not chump change... looks like between this and the divorce, Duncan will be playing another season.
Damn, poor Timmy. This Charles Banks guy sounds like a real piece of work.
In my eyes the last year few years has humanized Duncan. Prior to all these things happening from the outside it seemed Duncan had a great marriage,kids, and was great with money. He's been taken on a ride emotionally and financially. This story of him losing money shocks me more then when his wife cheated on him. I always thought Duncan was one of those guys who was great with money and could not be scammed.
He could make that easily with endorsement money. He doesn't seem to be all about the money. If he plays longer it's cause he wants to play more.
What happened to Tim could happen to anyone who is looking to invest some money. If you don't
have the skills to do it yourself, you hire someone to mange your money and give you advice. Even the best references
and word of mouth don't help sometimes..Example..Bernie Madoff is one. The only thing is if you have someone doing
this for you, have a audit every couple of years from a outside company to check your investments.
The only way i'll have big money is to win the lotto but most of us have company IRA's that we have to park
somewhere when you retire...
cuck
Add some musicians to that and you definitely have a good point there man. I agree on all fronts.
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