Jake Peavy lost $15-20 mill in a Ponzi scheme and the first thing his wife did was divorce him...

FaTaL

Veteran
Joined
May 2, 2012
Messages
105,712
Reputation
5,434
Daps
210,898
Reppin
NULL
he said he isnt broke in the article.

He is really talking about how much he had to overcome the last few years, but he makes it clear that he is nowhere near broke.
I don’t care what the article says

He hasn’t pitched in at least 2 years

Got shaked down twice and he’s paying alimony/child support

...........
 

jwonder

Superstar
Joined
Aug 30, 2014
Messages
26,137
Reputation
-1,229
Daps
39,425
Reppin
DADE County
Man I don't feel sorry for none of these sports players. I mean you see this shyt constantly happen over the years and you don't make sure your finances are tight?

Ponzi Schemes are so easy to see. Look if you don't run a check cashing store you are not going to get incredible percentage of return consistently. It just doesn't work like that.

Bottom line the only fool proof investment is real estate. Don't matter how bad the economy is, you still have people that need to rent. I wouldn't try to get too many high priced properties, because that can backfire.

I also don't see how these dudes be getting married? That is the dumbest thing you could do if you are super rich. You can find a chick that will leave with you and not get married because most American women are like big ass kids. Looking for some one to "take care" of their funky asses. So you get married with crazy net worth, you carrying a big L on your back.
 

L&HH

Veteran
Joined
May 18, 2012
Messages
53,625
Reputation
5,900
Daps
162,657
Reppin
PG x MD
He isnt broke, brehs
Yeah he's made $130 million throughtout his career and had a bunch of other much safer investments. It's like Tim Duncan when he got got for $20 million.
After a ponzi scheme and a divorce

Are you really sure he isn’t broke?
The article says he's not broke or bankrupt and he's not even close. After taxes he's made damn near $70 million in his career. "I lost $30 million so a spent another $30 cause unlike hammer $30 million can't hurt me"
 

L&HH

Veteran
Joined
May 18, 2012
Messages
53,625
Reputation
5,900
Daps
162,657
Reppin
PG x MD
Man I don't feel sorry for none of these sports players. I mean you see this shyt constantly happen over the years and you don't make sure your finances are tight?

Ponzi Schemes are so easy to see. Look if you don't run a check cashing store you are not going to get incredible percentage of return consistently. It just doesn't work like that.

Bottom line the only fool proof investment is real estate. Don't matter how bad the economy is, you still have people that need to rent. I wouldn't try to get too many high priced properties, because that can backfire.

I also don't see how these dudes be getting married? That is the dumbest thing you could do if you are super rich. You can find a chick that will leave with you and not get married because most American women are like big ass kids. Looking for some one to "take care" of their funky asses. So you get married with crazy net worth, you carrying a big L on your back.
One of the first things everyone on here tells athletes is to get financial advisors. Then when they get one who straight up defrauds them and even forges their signature on things you guys are switching up? These athletes are very much victims and I do feel bad for them. The shyt is fukked up.
 
Top