Allen Iverson Is Reportedly Not Going to Be Able to Collect His Entire $32 Million Reebok Trust

[airmax95fan]

Lol, not only that I bet he has secured loans with this payout, he will be lucky to see a cent.

In a restrictive trust like the one set up for AI, I highly doubt he would be allowed to secure loans against it. I would honestly be surprised if he had the power to give his wife half of it. That the main purpose of a restrictive trust...preventing dumb people from doing dumb @#@$ with their money.

 

[*Hulks Up*]

Reading articles about AI in 2015 is a traumatic experience for me now.

 

[Morethan1]

Iverson is currently not broke. But he is a drunk though. I seen it first hand

 

[Originalman]

What is up with the media. It is like they get their rocks off talking about these black athletes losing money.

 

[Cory MBA]

 

[ReturnOfJudah]

Sounds like he was trying to secure his future with his wife and the mother of his kids to me

How? 32 million dollars is a good reason for a girl to leave at the drop of a dime. The only thing he secured was her future departure.

 

[Easy-E]

Complex

 

[*Hulks Up*]

In a restrictive trust like the one set up for AI, I highly doubt he would be allowed to secure loans against it. I would honestly be surprised if he had the power to give his wife half of it. That the main purpose of a restrictive trust...preventing dumb people from doing dumb @#@$ with their money.

I was wondering about that too, I guess AI signed over his rights as beneficiary or had the courts do it, but Iverson was never the creator of the trust so I don't know how that would work.

 

[*Hulks Up*]

How? 32 million dollars is a good reason for a girl to leave at the drop of a dime. The only thing he secured was her future departure.

And they said it was cheaper to keep her.

 

[2Quik4UHoes]

smh at her giving half back being a nice gesture.

I remember @2Quik4UHoes telling all those stories about A.I being hard on ho's,but this might be the biggest "Easy on Hoes" moment in history....mostly because he probably broke at least 3 outta 7 of those rules withing the first week.

Tawanna double crossed this nikka A.I like he did Jordan

If this story is true,If you AI you can only hope she dies before you turn 55,by natural causes....Lemme find you on the floor clutching your chest #TheStepOver

Lol, he was hard on hoes but his wife was hard on him.

 

[The Devil's Advocate]

this book is a bunch of trash.. AI still with his wife as of last week and this book had to be written at least months ago if not a year since it's coming to print already

this is the same dude who said AI was drunk at the conference 10 years later and has zero people agree with him

 

[NY's #1 Draft Pick]

Damn bubba chuck

 

[Big Boss]

 

[airmax95fan]

I was wondering about that too, I guess AI signed over his rights as beneficiary or had the courts do it, but Iverson was never the creator of the trust so I don't know how that would work.

Maybe the courts would do it, but that would be an extraordinary measure....Trust are one of the most ironclad agreements in law, much more than wills. I'm leaning towards the story being bs like AI being drunk during the practice rant.

 

[TenChambers]

A.I., Stephen A & Larry Brown all said this book was full of bullshyt. He came out with the fake drunk story tryna sell books...that got shot down by everybody and now he's going for round 2 of the bullshyt.