From 150 Million To Bankrupt Allen Iverson

How Do You Go From Having Over 150 Million Dollars To Home Foreclosures And Garnishments?

Allen Iverson Knows The Road Quite Well.
From 150 Million To Bankrupt Allen Iverson

From 150 Million To Bankrupt Allen Iverson is known as one of the fastest players who ever graced the NBA, but it seems that speed was also incredible in his Financial World. Allen Iverson's financial woes continue to spiral as his bank accounts are seized due to an outstanding and unbelievable debt, A Jewelry Bill.

Iverson recently was ordered to pay over $860,000 to a jeweler for items he possessed, but he did not have the money to pay up.

So a Georgia judge has ordered, that the Philadelphia 76ers icon's, bank account seized, and whatever money he has left will be garnished.

Allen Iverson existed among the biggest megastars in the NBA, raking in more than $154 million during a career dating back to 1996. (excluding other business dealings and money obtained from many endorsements).

It is speculated that some of the contributing causes of his decline are rooted in gambling (barred from casinos), a love for quantities of expensive jewelry, and providing for family and friends.

Iverson's financial woes started surfacing when his Amazingly beautiful Colorado mansion fell to foreclosure.
From 150 Million To Bankrupt Allen Iverson

They continued when his then wife Tawanna claimed he was a deadbeat and did not support her and their 5 kids.
From 150 Million To Bankrupt Allen Iverson


A look back when Iverson was at the top of his career which helped him make his millions.


BE SURE TO LIKE AND SHARE



WHAT'S POPULAR NOW