1. 02-14-18 12:15 PM #1
    Dan Kelly
    Update your status
    Dan Kelly's Avatar Become A Pro!
    Join Date: 02-19-11
    Posts: 1,332
    Betpoints: 101

    Jake Peavy made the #1 life mistake = he trusted someone with his money

    http://bleacherreport.com/articles/2...shattered-life

    This sucks.

    BoL
    Reply With Quote Reply With Quote
  2. 02-14-18 12:17 PM #2
    A4K
    A4K's Avatar Become A Pro!
    Join Date: 10-08-12
    Posts: 5,243
    Betpoints: 241

    People will spend weeks researching the purchase of a car or a computer but hand over millions to a flashy stranger who promises them the moon. Awful.
    Reply With Quote Reply With Quote
  3. 02-14-18 12:24 PM #3
    Auto Donk
    Diggity man the fort, I'm outta here!
    Auto Donk's Avatar Become A Pro!
    Join Date: 09-03-13
    Posts: 43,564
    Betpoints: 48

    I thought you meant our own JakePeavy here at sbr.... whew.....
    Reply With Quote Reply With Quote
  4. 02-14-18 01:32 PM #4
    Ralphie Halves
    Ralphie Halves's Avatar Become A Pro!
    Join Date: 12-13-09
    Posts: 4,507
    Betpoints: 15084

    Long freaking article, and barely touched on the financial part. Just said it was some Ponzi scheme somebody in his church group touted. Way too much of a human interest story.

    I'm confused too, because if there are Ponzi schemes going on right now, they're still alive and well because the economy hasn't officially crashed yet. Those schemes usually only get exposed and people lose money when everything goes up.
    Reply With Quote Reply With Quote
  5. 02-14-18 01:41 PM #5
    A4K
    A4K's Avatar Become A Pro!
    Join Date: 10-08-12
    Posts: 5,243
    Betpoints: 241

    Quote Originally Posted by Ralphie Halves View Post
    Long freaking article, and barely touched on the financial part. Just said it was some Ponzi scheme somebody in his church group touted. Way too much of a human interest story.

    I'm confused too, because if there are Ponzi schemes going on right now, they're still alive and well because the economy hasn't officially crashed yet. Those schemes usually only get exposed and people lose money when everything goes up.
    When the scheme cannot find new money because of economic restraints it all falls apart. Sad.
    Reply With Quote Reply With Quote
  6. 02-14-18 01:55 PM #6
    thechaoz
    2019 SBRs Toughest Poster
    thechaoz's Avatar Become A Pro!
    Join Date: 10-23-09
    Posts: 12,155
    Betpoints: 35902

    He got suckered in like a lot OC fools by the Jesus thing.

    Gents, it's made up, not real, and was created by the powerful to control the weak, meager and poor. Keeps them from uprising.

    An invisible magical kingdom in the sky? You gotta be some kind of special to believe the bullshit.

    In the end, you can't fix stupid
    Reply With Quote Reply With Quote
  7. 02-14-18 02:11 PM #7
    Ralphie Halves
    Ralphie Halves's Avatar Become A Pro!
    Join Date: 12-13-09
    Posts: 4,507
    Betpoints: 15084

    I don't think the religious connection to this was very strong. The go-between just happened to be a friend through the church. Meh.

    If you're really "diversified", it doesn't mean different stocks. It means having parts of your money in cash, metals, land, and then a financial guy. Biggest mistake Jake made was not doing that. You have no idea if your financial guy is shady, and you won't until it's too late. Gotta know how to hedge.
    Reply With Quote Reply With Quote
  8. 02-14-18 02:42 PM #8
    JAKEPEAVY21
    JAKEPEAVY21's Avatar SBR PRO
    Join Date: 03-11-11
    Posts: 28,212
    Betpoints: 47661

    tough stretch for Peavy but sounds like he did not invest all of his money..

    that is rough when you get taken advantage of by someone you thought was a friend. It has happened to me before...you never know what people will do when there's money involved...
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: Dan Kelly
    Reply With Quote Reply With Quote 1
  9. 02-14-18 04:56 PM #9
    slayer14
    slayer14's Avatar Become A Pro!
    Join Date: 08-12-13
    Posts: 21,882
    Betpoints: 6249

    Sad story
    Reply With Quote Reply With Quote
  10. 02-14-18 05:03 PM #10
    phinfan27615
    1972
    phinfan27615's Avatar SBR PRO
    Join Date: 07-10-17
    Posts: 1,829
    Betpoints: 7816

    Very sad, too many stories of former pro athletes out there who were victim to a trusted advisor scamming them
    Reply With Quote Reply With Quote
  11. 02-14-18 05:05 PM #11
    hostile takeover
    hostile takeover's Avatar Become A Pro!
    Join Date: 12-06-09
    Posts: 2,257
    Betpoints: 5372

    So his wife left him when things got tough after she didn't have to work a day in her life bc of him.

    Sounds about right.
    Reply With Quote Reply With Quote
  12. 02-14-18 05:20 PM #12
    TheMoneyShot
    TheMoneyShot's Avatar Become A Pro!
    Join Date: 02-14-07
    Posts: 28,681
    Betpoints: 23701

    Did it say he made around 162 million career wise? Not bad.
    Reply With Quote Reply With Quote
  13. 02-14-18 07:51 PM #13
    magaman
    Update your status
    magaman's Avatar Become A Pro!
    Join Date: 01-17-18
    Posts: 1,937
    Betpoints: 113

    Too many people this will sound harsh... but I never feel sorry for anybody that trusts their money with somebody else. Old people, Rock stars, Actors, the list is endless. If you don't have enough interest to manage your money, maybe you should donate it.

    IT does not take much effort or knowledge to invest in a low fee index fund... Greed is what makes people think they can beat the stock market and trust other people.
    Reply With Quote Reply With Quote
  14. 02-14-18 08:39 PM #14
    VeggieDog
    VeggieDog's Avatar SBR PRO
    Join Date: 02-21-09
    Posts: 6,977
    Betpoints: 20613

    You fukked up. You trusted us.

    Reply With Quote Reply With Quote
  15. 02-14-18 08:49 PM #15
    ChuckyTheGoat
    ChuckyTheGoat's Avatar SBR PRO
    Join Date: 04-04-11
    Posts: 31,654
    Betpoints: 25044

    Quote Originally Posted by hostile takeover View Post
    So his wife left him when things got tough after she didn't have to work a day in her life bc of him.

    Sounds about right.
    Exactly. She did nothing, and got everything.
    Reply With Quote Reply With Quote
  16. 02-14-18 08:59 PM #16
    JIBBBY
    JIBBBY's Avatar SBR PRO
    Join Date: 12-10-09
    Posts: 83,145
    Betpoints: 12035

    Quote Originally Posted by Auto Donk View Post
    I thought you meant our own JakePeavy here at sbr.... whew.....
    Me too.. I was like WTF?
    Reply With Quote Reply With Quote
  17. 02-14-18 09:02 PM #17
    jtoler
    jtoler's Avatar Become A Pro!
    Join Date: 12-17-13
    Posts: 30,967
    Betpoints: 6337

    Quote Originally Posted by hostile takeover View Post
    So his wife left him when things got tough after she didn't have to work a day in her life bc of him.

    Sounds about right.
    She got him, after the storm her true colors emerged. After all those years of together he should have known by then exactly who she was, prob didnt even surprise him totally.
    Reply With Quote Reply With Quote
  18. 02-14-18 11:27 PM #18
    Plaza23
    Plaza23's Avatar Become A Pro!
    Join Date: 12-29-13
    Posts: 7,392
    Betpoints: 13787

    Quote Originally Posted by hostile takeover View Post
    So his wife left him when things got tough after she didn't have to work a day in her life bc of him.

    Sounds about right.
    Pretty sure he cheated on her numerous times on the road, and she got sick of it. Plus, his wife was not some gold digger. They were together since HS and had 4 kids together. If you cheat on your wife, you deserve all the crap you get.

    https://deadspin.com/5902482/hey-its...-wrigleyville/
    Reply With Quote Reply With Quote
  19. 02-15-18 07:28 AM #19
    Clutchut12
    Clutchut12's Avatar Become A Pro!
    Join Date: 09-20-16
    Posts: 3,632
    Betpoints: 133

    Quote Originally Posted by thechaoz View Post
    He got suckered in like a lot OC fools by the Jesus thing.

    Gents, it's made up, not real, and was created by the powerful to control the weak, meager and poor. Keeps them from uprising.

    An invisible magical kingdom in the sky? You gotta be some kind of special to believe the bullshit.

    In the end, you can't fix stupid
    Yup Jesus is too blame!!! Always his fault to u dipshit hardcore athiest
    Reply With Quote Reply With Quote
  20. 02-15-18 07:35 AM #20
    Clutchut12
    Clutchut12's Avatar Become A Pro!
    Join Date: 09-20-16
    Posts: 3,632
    Betpoints: 133

    Quote Originally Posted by Plaza23 View Post
    Pretty sure he cheated on her numerous times on the road, and she got sick of it. Plus, his wife was not some gold digger. They were together since HS and had 4 kids together. If you cheat on your wife, you deserve all the crap you get.

    https://deadspin.com/5902482/hey-its...-wrigleyville/
    These celebs and athletes have no self control or morals, its a very perverted world they live
    Reply With Quote Reply With Quote
  21. 02-15-18 09:50 AM #21
    El Nino
    October 2014 POTM
    El Nino's Avatar Become A Pro!
    Join Date: 05-03-12
    Posts: 18,426
    Betpoints: 1868

    Vanguard FTW. Dipshits want 35% returns on the reg.
    Reply With Quote Reply With Quote
  22. 02-15-18 10:31 AM #22
    Dan Kelly
    Update your status
    Dan Kelly's Avatar Become A Pro!
    Join Date: 02-19-11
    Posts: 1,332
    Betpoints: 101

    Quote Originally Posted by Clutchut12 View Post
    These celebs and athletes have no self control or morals, its a very perverted world they live
    But they Thank God and Praise Jesus.

    BoL
    Reply With Quote Reply With Quote
  23. 02-15-18 01:02 PM #23
    Clutchut12
    Clutchut12's Avatar Become A Pro!
    Join Date: 09-20-16
    Posts: 3,632
    Betpoints: 133

    Quote Originally Posted by Dan Kelly View Post
    But they Thank God and Praise Jesus.

    BoL
    Yup morals, there are fake christians out there but ur probably the guy who always goes around saying look at those christians fkin hypocrites all of them.
    Reply With Quote Reply With Quote
  24. 02-15-18 01:07 PM #24
    jtoler
    jtoler's Avatar Become A Pro!
    Join Date: 12-17-13
    Posts: 30,967
    Betpoints: 6337

    Quote Originally Posted by Plaza23 View Post
    Pretty sure he cheated on her numerous times on the road, and she got sick of it. Plus, his wife was not some gold digger. They were together since HS and had 4 kids together. If you cheat on your wife, you deserve all the crap you get.
    Youre not serious are you, if that were the case she would have left long ago and not when she saw the money and her lifestyle disappear.
    Reply With Quote Reply With Quote
  25. 02-15-18 04:12 PM #25
    Ralphie Halves
    Ralphie Halves's Avatar Become A Pro!
    Join Date: 12-13-09
    Posts: 4,507
    Betpoints: 15084

    Quote Originally Posted by jtoler View Post
    Youre not serious are you, if that were the case she would have left long ago and not when she saw the money and her lifestyle disappear.
    Think about what you just said there, toler.
    Reply With Quote Reply With Quote
  26. 02-19-18 09:31 PM #26
    hotcross
    hotcross's Avatar Become A Pro!
    Join Date: 08-04-17
    Posts: 7,934
    Betpoints: 7208

    Quote Originally Posted by thechaoz View Post
    An invisible magical kingdom in the sky? You gotta be some kind of special to believe the bullshit.
    not here to e-fight with you and I'm not a bible-thumper myself, but...want to address this.

    that is a very ignorant view implied within your rhetorical question there.

    Ever heard of "heaven on earth"? "hell on earth"?

    The way I understood the concept of heaven in the bible, in simplified terms,...is the earth was meant to be heaven. Earth and mankind became corrupted, and thus we don't live in a perfect world.
    Reply With Quote Reply With Quote
  27. 12-10-20 05:30 AM #27
    thechaoz
    2019 SBRs Toughest Poster
    thechaoz's Avatar Become A Pro!
    Join Date: 10-23-09
    Posts: 12,155
    Betpoints: 35902

    Quote Originally Posted by Plaza23 View Post
    Pretty sure he cheated on her numerous times on the road, and she got sick of it. Plus, his wife was not some gold digger. They were together since HS and had 4 kids together. If you cheat on your wife, you deserve all the crap you get.

    https://deadspin.com/5902482/hey-its...-wrigleyville/
    Ok fagg+t
    Reply With Quote Reply With Quote
  28. 12-10-20 07:25 AM #28
    ChuckyTheGoat
    ChuckyTheGoat's Avatar SBR PRO
    Join Date: 04-04-11
    Posts: 31,654
    Betpoints: 25044

    Quote Originally Posted by Dan Kelly View Post
    http://bleacherreport.com/articles/2...shattered-life

    This sucks.

    BoL
    The SBR Poster? Or the pitcher?

    Danny...honestly, your point is a good one. Taking Care of Your $$ is one of THE best lessons to learn. Unfortunately, u may need to endure a mishap or two to REALLY learn it.
    Reply With Quote Reply With Quote
  29. 12-10-20 07:57 AM #29
    JAKEPEAVY21
    JAKEPEAVY21's Avatar SBR PRO
    Join Date: 03-11-11
    Posts: 28,212
    Betpoints: 47661

    I too trusted the wrong person with money many years back. It was a lesson learned.
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: ChuckyTheGoat
    Reply With Quote Reply With Quote 1
  30. 12-10-20 10:18 AM #30
    The Kraken
    The Kraken's Avatar Become A Pro!
    Join Date: 12-24-11
    Posts: 28,917
    Betpoints: 532

    I just read the end that said he owns a recording studio, two bars, and just purchased an entire city block

    I think he’s gonna be ok
    Reply With Quote Reply With Quote
  31. 12-10-20 12:59 PM #31
    StackinGreen
    Can't stop Won't stop
    StackinGreen's Avatar Become A Pro!
    Join Date: 10-09-10
    Posts: 12,141
    Betpoints: 4514

    Quote Originally Posted by hotcross View Post
    not here to e-fight with you and I'm not a bible-thumper myself, but...want to address this.

    that is a very ignorant view implied within your rhetorical question there.

    Ever heard of "heaven on earth"? "hell on earth"?

    The way I understood the concept of heaven in the bible, in simplified terms,...is the earth was meant to be heaven. Earth and mankind became corrupted, and thus we don't live in a perfect world.
    This isn't correct.
    Reply With Quote Reply With Quote
  32. 12-10-20 02:10 PM #32
    packerd_00
    packerd_00's Avatar SBR PRO
    Join Date: 05-22-13
    Posts: 17,626
    Betpoints: 3653

    Quote Originally Posted by The Kraken View Post
    I just read the end that said he owns a recording studio, two bars, and just purchased an entire city block

    I think he’s gonna be ok
    Lol! You saw the 30/30 documentary as well mate.
    Reply With Quote Reply With Quote
  33. 12-10-20 02:48 PM #33
    Vyasports
    check raise re-raise all-in
    Vyasports's Avatar Become A Pro!
    Join Date: 01-27-19
    Posts: 4,946
    Betpoints: 1334

    Quote Originally Posted by Auto Donk View Post
    I thought you meant our own JakePeavy here at sbr.... whew.....
    Lol
    Reply With Quote Reply With Quote
  34. 12-10-20 03:29 PM #34
    slayer14
    slayer14's Avatar Become A Pro!
    Join Date: 08-12-13
    Posts: 21,882
    Betpoints: 6249

    They ruined his life
    Reply With Quote Reply With Quote
  35. 12-11-20 04:05 AM #35
    TheGoldenGoose
    TheGoldenGoose's Avatar SBR PRO
    Join Date: 11-27-12
    Posts: 3,619
    Betpoints: 3734

    If you've never seen George Carlin's rant on religion then you've never seen a great comic at work. This 9 minute you tube clip is well worth the wait.
    Reply With Quote Reply With Quote
12 Last
Top
« Previous Thread | The Saloon | Next Thread »