Reading the report I find it comical how inept this scheme was. Who are these guys getting their advice from?
And surprised that several well known players are involved. Wonder if somehow connected to a few months back there was a similar case against about 70 NFL players.
According to the court documents, several of the fake invoices and medical necessity forms stood out because, “they are not on letterhead, they contain unusual formatting, they have grammatical errors” and were sent on the same dates from different offices.
Looking at the list of those involved, I would think Ruben Patterson would've been the ringleader. Either way, some household names for nba fans on that list, and what a ridiculous plan they had concocted. Let's go and find a way to bilk money from our own health and wellbeing fund that serves us and other of our nba players. Says a lot about the character of these individuals.
Several years ago (2008?), the NBAPA said that about about 60% of former NBA players declare bankruptcy a few years after retiring. That 60% percentage was later challenged as being too high. Whatever the the actual percentage is, however, many retired NBA players have financial problems. Most of these arrested players made millions of dollars playing for the NBA and now they are stealing relatively small change.
Several years ago (2008?), the NBAPA said that about about 60% of former NBA players declare bankruptcy a few years after retiring. That 60% percentage was later challenged as being too high. Whatever the the actual percentage is, however, many retired NBA players have financial problems. Most of these arrested players made millions of dollars playing for the NBA and now they are stealing relatively small change.
This is not really a surprise...when you are a professional athlete you are making incomes most people would never make and if you are in the league for a couple of years you get used to that lifestyle. Once these athletes playing careers are over the money windfall is usually over unless they have some major money generating business in their post playing career.
Joined: 24 Dec 2007 Posts: 36150 Location: Santa Clarita, CA (Hell) ->>>>>Ithaca, NY -≥≥≥≥≥Berkeley, CA
Posted: Thu Oct 07, 2021 7:47 pm Post subject:
Tony Allen goes from locking up opposing players to himself being locked up. _________________ Damian Lillard shatters Dwight Coward's championship dreams:
Joined: 24 Dec 2007 Posts: 36150 Location: Santa Clarita, CA (Hell) ->>>>>Ithaca, NY -≥≥≥≥≥Berkeley, CA
Posted: Thu Oct 07, 2021 7:52 pm Post subject:
How did these people make tens of millions in the NBA yet still end up desperate enough to file a fake dental claim? _________________ Damian Lillard shatters Dwight Coward's championship dreams:
Several years ago (2008?), the NBAPA said that about about 60% of former NBA players declare bankruptcy a few years after retiring. That 60% percentage was later challenged as being too high. Whatever the the actual percentage is, however, many retired NBA players have financial problems. Most of these arrested players made millions of dollars playing for the NBA and now they are stealing relatively small change.
Bottom line: If they are criminals who broke the law, they deserve to go to jail. Who gives a crap if they are able to dunk a basketball?
Joined: 27 May 2010 Posts: 49673 Location: LA to the Bay
Posted: Thu Oct 07, 2021 8:44 pm Post subject:
hoopschick29 wrote:
Chile...
OK?
Come on Shannon…
EDIT- oh my goodness! There are several people who were formerly real players like actual known I won a championship players! What were these people thinking?!?!?!?!?!
Idiots, trying to cheat the system, then act shocked when they got caught, go figure... _________________ “Always remember... Rumors are carried by haters, spread by fools, and accepted by idiots.”
Several years ago (2008?), the NBAPA said that about about 60% of former NBA players declare bankruptcy a few years after retiring. That 60% percentage was later challenged as being too high. Whatever the the actual percentage is, however, many retired NBA players have financial problems. Most of these arrested players made millions of dollars playing for the NBA and now they are stealing relatively small change.
This is not really a surprise...when you are a professional athlete you are making incomes most people would never make and if you are in the league for a couple of years you get used to that lifestyle. Once these athletes playing careers are over the money windfall is usually over unless they have some major money generating business in their post playing career.
It is also the fact that when people like Davis came in the nba did not office financial literacy classes. I knew him growing up. And when he was playing in Boston he was taking care of his mom, uncle, siblings, and cousins who he was raised with … A lot of them come from poor backgrounds where they had to make ends meet and feel obligated to take care of mama, sister, brother, grandmother, auntie, uncle, and cousins who helped them when they all did not have anything and feel like they can’t say no because those people gave them their time or their last growing up to help get them there
EDIT- oh my goodness! There are several people who were formerly real players like actual known I won a championship players! What were these people thinking?!?!?!?!?!
The business part of my head makes me ask how much these boneheads were making after it was all divvy'd up. Lawd, if you're gonna take a swing go for broke. _________________ KOBE
Several years ago (2008?), the NBAPA said that about about 60% of former NBA players declare bankruptcy a few years after retiring. That 60% percentage was later challenged as being too high. Whatever the the actual percentage is, however, many retired NBA players have financial problems. Most of these arrested players made millions of dollars playing for the NBA and now they are stealing relatively small change.
This is not really a surprise...when you are a professional athlete you are making incomes most people would never make and if you are in the league for a couple of years you get used to that lifestyle. Once these athletes playing careers are over the money windfall is usually over unless they have some major money generating business in their post playing career.
It is also the fact that when people like Davis came in the nba did not office financial literacy classes. I knew him growing up. And when he was playing in Boston he was taking care of his mom, uncle, siblings, and cousins who he was raised with … A lot of them come from poor backgrounds where they had to make ends meet and feel obligated to take care of mama, sister, brother, grandmother, auntie, uncle, and cousins who helped them when they all did not have anything and feel like they can’t say no because those people gave them their time or their last growing up to help get them there
Just looked up Davis’ current net worth. Estimated at $10 million.
I am actually surprised at that amount. Considering he “only” had career earnings of $32M before taxes and agent fees. Still having 1/3 of your earnings is not bad. At least compared to the typical “bankrupt within years” stories we all hear.
Just amazing how he and so many others felt it ok to participate in this bone headed scheme.
Several years ago (2008?), the NBAPA said that about about 60% of former NBA players declare bankruptcy a few years after retiring. That 60% percentage was later challenged as being too high. Whatever the the actual percentage is, however, many retired NBA players have financial problems. Most of these arrested players made millions of dollars playing for the NBA and now they are stealing relatively small change.
This is not really a surprise...when you are a professional athlete you are making incomes most people would never make and if you are in the league for a couple of years you get used to that lifestyle. Once these athletes playing careers are over the money windfall is usually over unless they have some major money generating business in their post playing career.
It is also the fact that when people like Davis came in the nba did not office financial literacy classes. I knew him growing up. And when he was playing in Boston he was taking care of his mom, uncle, siblings, and cousins who he was raised with … A lot of them come from poor backgrounds where they had to make ends meet and feel obligated to take care of mama, sister, brother, grandmother, auntie, uncle, and cousins who helped them when they all did not have anything and feel like they can’t say no because those people gave them their time or their last growing up to help get them there
Just looked up Davis’ current net worth. Estimated at $10 million.
I am actually surprised at that amount. Considering he “only” had career earnings of $32M before taxes and agent fees. Still having 1/3 of your earnings is not bad. At least compared to the typical “bankrupt within years” stories we all hear.
Just amazing how he and so many others felt it ok to participate in this bone headed scheme.
You have to take these "estimated net worth" stats on the Internet with a grain of salt.
Most of them aren't based on any rigorous analysis.
Several years ago (2008?), the NBAPA said that about about 60% of former NBA players declare bankruptcy a few years after retiring. That 60% percentage was later challenged as being too high. Whatever the the actual percentage is, however, many retired NBA players have financial problems. Most of these arrested players made millions of dollars playing for the NBA and now they are stealing relatively small change.
This is not really a surprise...when you are a professional athlete you are making incomes most people would never make and if you are in the league for a couple of years you get used to that lifestyle. Once these athletes playing careers are over the money windfall is usually over unless they have some major money generating business in their post playing career.
It is also the fact that when people like Davis came in the nba did not office financial literacy classes. I knew him growing up. And when he was playing in Boston he was taking care of his mom, uncle, siblings, and cousins who he was raised with … A lot of them come from poor backgrounds where they had to make ends meet and feel obligated to take care of mama, sister, brother, grandmother, auntie, uncle, and cousins who helped them when they all did not have anything and feel like they can’t say no because those people gave them their time or their last growing up to help get them there
Just looked up Davis’ current net worth. Estimated at $10 million.
I am actually surprised at that amount. Considering he “only” had career earnings of $32M before taxes and agent fees. Still having 1/3 of your earnings is not bad. At least compared to the typical “bankrupt within years” stories we all hear.
Just amazing how he and so many others felt it ok to participate in this bone headed scheme.
You have to take these "estimated net worth" stats on the Internet with a grain of salt.
Most of them aren't based on any rigorous analysis.
I agree with you. Not claiming the total as gospel, just an estimate to play with in the conversation.
Previous comments were suggesting he was supporting extending family to the extent he was financially tapped out. Whatever the true number of his net worth may be it doesn’t seem to be in the broke and destitute range as happens to way too many retired pro athletes.
Simply sad that the generational wealth being earned by athletes in multiple sports has such a high rate of being squandered. This fraud case is just an example or result of multiple bad decisions.
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum