1. 09-06-18 04:41 PM #1
    MinnesotaFats
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    Kevin Garnett broke!

    Someone link this story

    Defrauded out of $80 million by advisers and partners and now with a multi state battle for divorce jurisdiction Garnett is reeling financially!
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  2. 09-06-18 04:44 PM #2
    shadymcgrady
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    Wow, he made alot of money over his career. More than Antoine Walker
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  3. 09-06-18 04:45 PM #3
    Easy-Rider 66
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    Unreal
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  4. 09-06-18 04:47 PM #4
    MinnesotaFats
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    Was highest paid in NBA for a few years I believe
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  5. 09-06-18 04:51 PM #5
    Snowball
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    he is far from broke.
    may win this case too.
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  6. 09-06-18 04:52 PM #6
    shocka1212
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    had the richest contract in sports before Arod deal went down back in the day. Sad. in all honesty.. why does someone need advisors if they have $100+ million laying around? Bunch of scam gods if were being honest.
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  7. 09-06-18 04:53 PM #7
    5mike5
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    Isnt broke but that hurts!
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  8. 09-06-18 05:00 PM #8
    chico2663
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    i thought they get a pension?
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  9. 09-06-18 05:01 PM #9
    CanuckG
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    “Banks intentionally ... looted Garnett of his earnings and assets for many years, including the many years that Welenken and Wertheim provided accounting services to Garnett and his business interests.”
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  10. 09-06-18 05:03 PM #10
    Inkwell77
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    Financial Advisers the biggest crooks around (after touts and armed thieves)
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  11. 09-06-18 05:06 PM #11
    Hman
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    One of the dirtiest players ever in the NBA
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  12. 09-06-18 05:10 PM #12
    packerd_00
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    80 million,christ sake.Cant trust people with your money,very few people you can trust period.
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  13. 09-06-18 05:11 PM #13
    jjgold
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    Sad
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  14. 09-06-18 05:34 PM #14
    seaborneq
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    Doesn't matter how much you have, kids, taxes, wives, and foolish spending will bring us ALL down
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  15. 09-06-18 05:41 PM #15
    Kermit
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    Fukk Him. I had a prop bet on him about 10 years ago for points and rebounds(I think it was 29.5) that would have hit easily(He was sitting at 27), but he got pissed off in the 3rd quarter and threw the ball into the crowd and got ejected.
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  16. 09-06-18 05:43 PM #16
    CWD
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    Quote Originally Posted by Inkwell77 View Post
    Financial Advisers the biggest crooks around (after touts and armed thieves)
    And they are glorified on Ballers on HBO lol
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  17. 09-06-18 05:43 PM #17
    hostile takeover
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    I can't believe these stories still keep happening.
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  18. 09-06-18 05:46 PM #18
    krk1030
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    He has a self funded pension from deffered salary. 5 mil a year for 7 years after he retires.

    How long has he been retired?
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  19. 09-06-18 05:48 PM #19
    krk1030
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    Quote Originally Posted by MinnesotaFats View Post
    Someone link this story

    Defrauded out of $80 million by advisers and partners and now with a multi state battle for divorce jurisdiction Garnett is reeling financially!
    What story. A google search of kevin garnett broke brings up nothing.

    And he made 325 million in his career. 80 million is not breaking him.
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  20. 09-06-18 05:51 PM #20
    stevenash
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    Quote Originally Posted by Hman View Post
    One of the dirtiest players ever in the NBA
    Almost as dirty as Stockton and Malone.
    Almost.
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  21. 09-06-18 05:52 PM #21
    JIBBBY
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    Same old story for these former famous black Athletes that are flashy ghetto... Made millions while playing and lost it all fast after they retired...

    Welcome to apartment living and riding a bicycle around for transportation KG.
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  22. 09-06-18 05:54 PM #22
    seaborneq
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    Amazing that someone making 10 dollars an hour doesn't need a financial advisor, but someone who makes 20 million dollars a year does. Never made sense that the person with bills is better fiscally than the person who should have no bills
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  23. 09-06-18 05:55 PM #23
    Chi_archie
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    and that's why you go to college and get your education

    he could have a degree and fall back on his nuclear physicist career right now

    but no
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  24. 09-06-18 05:56 PM #24
    GUMMO77
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    Quote Originally Posted by JIBBBY View Post
    Same old story for these former famous black Athletes that are flashy ghetto... Made millions while playing and lost it all fast after they retired...

    Welcome to apartment living and riding a bicycle around for transportation KG.
    It’s nice of you to comment without reading a single word from the Star Tribune article.

    Well done as always, Little Jib.
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  25. 09-06-18 06:06 PM #25
    5mike5
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    Quote Originally Posted by JIBBBY View Post
    Same old story for these former famous black Athletes that are flashy ghetto... Made millions while playing and lost it all fast after they retired...

    Welcome to apartment living and riding a bicycle around for transportation KG.
    newsflash:

    happens to white ones too lol

    ur cred has really suffered lately jibbs
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  26. 09-06-18 06:13 PM #26
    JIBBBY
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    Quote Originally Posted by GUMMO77 View Post
    It’s nice of you to comment without reading a single word from the Star Tribune article.

    Well done as always, Little Jib.
    What article? Not seen in this thread.. Link it up and I'll read it..

    Until then I'll just assume he is going broke like many other PRO athletes before him.. Dwight Howard will be broke in no time also as soon as he hangs up the uniform..

    All these athletes had to do is invest and buy huge apartment buildings in major cities and own them out right, pay a property management company to run them.. Sit back and get that huge income going for the rest of their lives!!!

    Instead they buy all the fancy bling bling, exotic cars, mansions, give most of their money away to friends and family also.. Let's not forget the child support and alimony payments either.. Then you get the crooked financial advisors also...

    Disaster in the making every time... Luckily they do get NBA pensions now...
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  27. 09-06-18 06:14 PM #27
    slambam
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    Guy made over $330 mil in salary alone, not to mention endorsements. I have a hard time believing he's broke.
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  28. 09-06-18 06:16 PM #28
    lakerboy
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    Fukk him. Big mouth idiot
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  29. 09-06-18 06:21 PM #29
    mrpapageorgio
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    That's why sometimes it's better to go to those big name banks for your wealth management or at the very least, not put all of your wealth in one boutique firm's hands. Less likely to get taken to the cleaners via fraud, but in case you do (like Wells Fargo), at least you got a firm with big pockets to go after if one of the employees goes rogue.
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  30. 09-06-18 06:29 PM #30
    JIBBBY
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    Quote Originally Posted by mrpapageorgio View Post
    That's why sometimes it's better to go to those big name banks for your wealth management or at the very least, not put all of your wealth in one boutique firm's hands. Less likely to get taken to the cleaners via fraud, but in case you do (like Wells Fargo), at least you got a firm with big pockets to go after if one of the employees goes rogue.
    Or just keep most of your money diversified in all the top S & P stocks.. Hard to lose your bank roll in those over time.. Small return though but safe..
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  31. 09-06-18 06:41 PM #31
    Hman
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    Quote Originally Posted by stevenash View Post
    Almost as dirty as Stockton and Malone.
    Almost.
    Quote Originally Posted by lakerboy View Post
    Fukk him. Big mouth idiot


    Check YouTube

    You won't find more videos of dirty play than from Garnett
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  32. 09-06-18 06:59 PM #32
    jjgold
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    They didn’t have to invest in anything but mutual funds and Bonds they have so much money it doesn’t matter

    These clowns making all this money they don’t need to invest money
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  33. 09-06-18 07:00 PM #33
    stevenash
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    Quote Originally Posted by 5mike5 View Post
    newsflash:

    happens to white ones too lol

    ur cred has really suffered lately jibbs
    Like Jack Clark, Boris Becker, John Daly, does Annie Duke count?.................
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  34. 09-06-18 07:03 PM #34
    pavyracer
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    Shows you how important is a college degree. They can pay you a lot of money but without knowing how to make it last a lifetime you go broke.
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  35. 09-06-18 07:17 PM #35
    Mac4Lyfe
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    Quote Originally Posted by jjgold View Post
    They didn’t have to invest in anything but mutual funds and Bonds they have so much money it doesn’t matter
    These clowns making all this money they don’t need to invest money
    Where exactly would you invest $100 million in mutual funds and bonds? Your eTrade account?
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