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Kevin Garnett sues accountant after $77mill is stolen

Discussion in 'NBA Dish' started by TMac'n, Sep 7, 2018.

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  1. TMac'n

    TMac'n Contributing Member

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    Apparently, the wealth manager is already in jail after he was found guilty of stealing Tim Duncan's money

    Kevin Garnett files lawsuit alleging accountant helped wealth manager steal $77M

    https://www.usatoday.com/story/spor...accountant-over-alleged-77-stolen/1217296002/

    This is over 20% of his NBA earnings

    [​IMG]
     
    #1 TMac'n, Sep 7, 2018
    s3ts likes this.
  2. Chamillionaire

    Chamillionaire Member

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    Damn... That's some **** there.
     
    #2 Chamillionaire, Sep 8, 2018
  3. Theking

    Theking Member

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    #3 Theking, Sep 8, 2018
  4. Jontro

    Jontro Member

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    why would he deserve it?
     
    #4 Jontro, Sep 8, 2018
    dkim1984, TMac'n and Game7 like this.
  5. daywalker02

    daywalker02 Member

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    cuz he cannot stand his guts.
     
    #5 daywalker02, Sep 8, 2018
  6. Theking

    Theking Member

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    Cuz we cannot stand his guts
     
    #6 Theking, Sep 8, 2018
  7. 1Deep

    1Deep Member

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    Lesson of the day: Manage your own $.
     
    #7 1Deep, Sep 8, 2018
  8. Sidarma

    Sidarma Member

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    Whats the point of suing? Hes not going to get any of it back.
     
    #8 Sidarma, Sep 8, 2018
  9. xaos

    xaos Member

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    77 million dollars is an insane amount of money to steal haha.
     
    #9 xaos, Sep 8, 2018
  10. Torn n Frayed

    Torn n Frayed Member

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    Impossible is something...
     
    #10 Torn n Frayed, Sep 8, 2018
    Kim likes this.
  11. ElPigto

    ElPigto Member
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    Yeah, I mean KG should have at least checked in on **** from time to time. I get it that you trust people to manage your money, but holy **** that is a ton of money missing that could or easily been noticed.
     
    #11 ElPigto, Sep 8, 2018
  12. KingCheetah

    KingCheetah Contributing Member

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    How the hell do you embezzle 77 million dollars from one person and not get caught immediately?
     
    #12 KingCheetah, Sep 8, 2018
    AKdaDawg likes this.
  13. B-Bob

    B-Bob "94-year-old self-described dreamer"

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    I assume you present your client with lots of JCDenton-level graphs.
     
    #13 B-Bob, Sep 8, 2018
    ClutchCity3, Rashmon, JCDenton and 11 others like this.
  14. acsorelle4

    acsorelle4 Member

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    Real gangsters pimp pens, not pistols. The hood needs to learn this.
     
    #14 acsorelle4, Sep 8, 2018
    dmoneybangbang, macho GRANDE, rhee and 3 others like this.
  15. B-Bob

    B-Bob "94-year-old self-described dreamer"

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    Delete
     
    #15 B-Bob, Sep 8, 2018
    Jontro likes this.
  16. TMac'n

    TMac'n Contributing Member

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    A simple example: I propose to you a grand real estate endeavor. Once you agree to the idea, I explain the monthly draws necessary to keep the investment moving along and continually update you the current status of the project. You (Garnett) are too busy with things such as TNT /Area 21 and can't physically follow up with the progress yourself or don't have the ppl available, and you trust your financial planner / manager. Then when the project is supposedly 75% complete, you're financial planner disappears and you discover that the project was fabricated from the get go.

    As I said, this is just a simple example. There are many number of cons you can make up
     
    #16 TMac'n, Sep 8, 2018
    UTSA2step, dmoneybangbang, macho GRANDE and 1 other person like this.
  17. jasonmurray29

    jasonmurray29 Member

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    Where was Spencer Strausmore and the guys from ASM when he needed them.
     
    #17 jasonmurray29, Sep 8, 2018
    BigShasta likes this.
  18. Air Langhi

    Air Langhi Contributing Member

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    When you have so much money why not just put it in treasury bonds or index funds.
     
    #18 Air Langhi, Sep 8, 2018
  19. BackdoorHarden

    BackdoorHarden Member

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    I could never figure this out. Put it in half Treasury and half S&P 500 index and you'll have more money than you will ever me. Even a 5% return on 80 millions is over $4 million a year you can spend.

    I have no idea why these guys keep getting conned into Real Estate, LLC, and other investment.

    For every Magic Johnson, Kobe, or Lebron that have done well with their investment, there are more suckers like Tim Duncan and KG that lose everything investing in things they know nothing about.
     
    #19 BackdoorHarden, Sep 8, 2018
  20. cheke64

    cheke64 Member

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    that accountant needs to be in jail fighting not to get the death penalty
     
    #20 cheke64, Sep 8, 2018
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