Shira Springer of the BOSTON GLOBE has the stunning story of Antoine Walker, who has apparently already blown $110M in career earnings, owing millions in unpaid pills and casino markers while possibly facing up to a decade or more of prison time.
(Summa Cum Laude in Tyson & Barkley School of Finance)
Springer’s piece opens with Walker getting cuffed in a Las Vegas casino over $1M in unpaid markers. We then find out that, “Walker has been pursued by multiple financial institutions for unpaid debts totaling more than $4 million. Court documents filed in Illinois and Florida reveal Walker was named a defendant in three recent debt-related civil cases, in addition to the ongoing check-kiting case. His former agent is also after him, citing a heap of unpaid fees [$450,000!].“
- Several National Basketball Association sources, among them friends and former teammates of Walker’s, said the 33-year-old player may well have squandered much of his $110 million-plus in career earnings.
- Walker faces a court hearing this Thursday in Las Vegas on three felony counts of drawing and passing checks without sufficient funds with intent to defraud. As of Friday, a representative for the Clark County district attorney’s office in Las Vegas said, Walker had made no move to pay up or otherwise settle the case. Each of the charges carries a possible one- to four-year prison term.
- He liked to move in an outsized entourage; his mother estimates that, during his playing days, he was supporting 70 friends and family members in one way or another. And speaking of his mother, he built her a mansion in the Chicago suburbs, complete with an indoor pool, 10 bathrooms, and a full-size basketball court.
- Walker once reportedly played $15,000 hands with Michael Jordan during an all-night gambling session where estimates of money lost and won totaled several hundred thousand dollars.
- “Antoine is doing great,’’ said Diane. “I have my home. He has his home. If he’s doing so bad, then how could we still be here?’’
- two Bentleys, two Mercedes, a Range Rover, a Cadillac Escalade, a bright red Hummer. Often, the vehicles were tricked out with custom paint jobs, rims, and sound systems at considerable added expense. He also collected top-line watches - Rolexes and diamond-encrusted Cartiers.
Walker’s mother denies that her son has money troubles or a gambling problem, saying “we’re still here, aren’t we?”
We’ve heard of many athletes blowing their fortunes, and this ranks right up there with the biggest. $110M? The only athlete I can remember blowing that amount (and more) is Mike Tyson. Am I forgetting anyone?