Lindsey Hunter has been playing in the NBA for 16 years now, and at the age of 37, he knows that his professional career will soon be coming to an end. So it’s only logical that he would start looking for ways to keep making money in his retirement, and as a lot of people are doing with their money these days, he’s investing it in real estate.
Sure, the market is down now, but you have to figure things will take a turn for the better eventually, and a smart investor can turn a very nice profit. Or if that doesn’t work, you can always find some working stiff from a nearby suburb and convince him to buy a $1.25 million house he can’t afford. That’s what Hunter did recently, and now he’s under investigation by the FBI.
From the DETROIT FREE PRESS:
The FBI is investigating whether guard Lindsey Hunter and business associates duped a $35,000-a-year boiler operator for Pontiac Public Schools into buying a $1.25-million house in Bloomfield Hills that he couldn’t afford, the man’s lawyer said Monday.
Attorney Michael J. Smith of Sterling Heights said his client, Bruce McClellan of Waterford Township, recently told the FBI that Hunter and Iron Johnson, Hunter’s partner in L&I Enterprises, promised to pay him $300,000 in 2007 to buy the house in the 1700 block of Morningside Way. The deal called for McClellan to hold the house for one or two months until it could be purchased by someone else.
But the purchaser never materialized, McClellan never got his $300,000, his excellent credit rating is ruined and the house went into foreclosure, McClellan told the FBI.
Though Hunter couldn’t be reached for comment on the story, his lawyer wants you to know that his client is innocent and had no idea what was going on.
“Lindsey Hunter hasn’t done anything wrong. He was misled by other people who were conducting transactions in the corporation. … We’re still trying to figure out who did what.”
Yes, it’s always smart business sense to be one of the principle owners of a corporation and have no idea what’s going on within it. I’m pretty sure that’s how Donald Trump did it.
Though it should be pointed out this isn’t the first time that Hunter has swindled people out of money. After all, he somehow convinced the Detroit Pistons to give him $2.25 million last season to average nine minutes a game in 24 contests, and contribute a whole 2.4 points per game.