Darren McFadden sues finance advisor for using $ for Bitcoin venture, lost out on $237 Mill

JLova

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I know some cats hate her but Oprah signs and writes every single check if hers.

Exactly. I'm trying to tell these dudes that it's irresponsible to hire someone to make financial decisions for you without having to go through you.
 
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Exactly. I'm trying to tell these dudes that it's irresponsible to hire someone to make financial decisions for you without having to go through you.

And y’all believe that shyt wholely... listen the Oprah comparison to young black athlete comapison is beyond flawed anyway....... shyt is smoke and mirrors
 

ORDER_66

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Things must be different in North America. Accountant prep tax returns & occasional provides advice. Havevnever & would never handle my money, why would they?

Cause these fukking idiots too trusting when they should be keeping their eye on their own shyt. there's no more excuses it's your fukking money your supposed to know where every dime went... everything you buy, every endorsement you get... YOU are the corporation you don't allow other people to fukk with your money... :stopitslime: but these idiots fukking trust financial investors thinking they gonna protect them... nope...

Put your shyt in a bank or IRA let it grow... you get an endorsement deal tell them direct deposit that shyt to the bank... you get a sports deal with nike...you take the check to a fukking bank... :stopitslime: IT'S NOT THAT fukkING HARD!!!!! :mindblown:
 

lotteryplaya

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His financial advisor took the funds he wanted allocated for purchasing the 3 milli worth of bitcoins and did some other shyt with it. That investment would have been worth 237 million today.
That's terrible. I feel bad for Darren and his kids.
 

Colin X

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Things must be different in North America. Accountant prep tax returns & occasional provides advice. Havevnever & would never handle my money, why would they?


If you’re dealing with enough to disposable income to make big and long term investments, you would want somebody who really knows what they’re doing advising you right?
 

Crayola Coyote

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That is all kinds of fukked up!

I don't know why athletes/entertainers trust financial advisers. Why not learn the business and if you don't want to do that then just put the money in the bank or park it in real estate.

If he gave me access to his portfolio I woulda made him mad dough.

Is it that hard to keep 227 million :gucci:
 

Colin X

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Cause these fukking idiots too trusting when they should be keeping their eye on their own shyt. there's no more excuses it's your fukking money your supposed to know where every dime went... everything you buy, every endorsement you get... YOU are the corporation you don't allow other people to fukk with your money... :stopitslime: but these idiots fukking trust financial investors thinking they gonna protect them... nope...

Put your shyt in a bank or IRA let it grow... you get an endorsement deal tell them direct deposit that shyt to the bank... you get a sports deal with nike...you take the check to a fukking bank... :stopitslime: IT'S NOT THAT fukkING HARD!!!!! :mindblown:


Breh you’re still not getting it. Dealing with high dollar amounts, folks want to make as much money as possible, become investors, all that shyt.

Unless they spend years studying the game and building connections it is 100000x easier to just get somebody already IN the game with connections to advise you on where your money should go and handle it.
 

OH SOHH TRILL

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shyt, even most 9-5 brehs aren't equipped to do this or lack the desire to do this. Then realize how one-dimensional the average athlete probably is and the odds are even lower of an 18-24 year old breh having the financial acumen to make wise long-term investments on their own.

shyt ain’t really that hard though. buy some low cost index funds and let do. if you feeling risky, take maybe 10% and do some crazy shyt with it like buy some bitcoin. the trouble is that people try to get rich (or richer for most athletes) quick. that said, i understand how young men from the hood can fall for the okeydok but i wish the leage would have someone give them this advice.
 

iceberg_is_on_fire

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Why is it hard for brehs to sign their own checks?

I always notice during the draft and this is a gross oversimplification but I've seen it enough to know that there is some correlation here, Look at the black guy drafted, young breh damn near got the hood with him. Some of these people are looking for a free ride on some 'remember when you was young and i let you hold something?' Basically making someone feel indebted to their sorry asses, taking advantage of people. A lot of these people come from poverty so to go from nothing to a lot, it's overwhelming and who are you going to trust? A stranger or someone that has been a family friend since you could walk and talk? Most trust the latter. Unfortunate cycle.
 

Absolut

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talking about some of these players like they are completely incapable of doing anything aside from playing sport :wtf: like they are the cat from the blind side movie and can barely feed and clothe themselves without the intervention of someone else. like you need to be some sort of business wiz to look and see that you had x amount in this account one month and its x amount lower the next so you look into where it went, or to simply ask for the account information to track on the supposed investment your man made. youre doing these players a disservice if you think they arent intellectually capable ot basic routine life skills and are just some meathead who can only work out and play sports
 
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