PDA

View Full Version : NBA player went from 87$ million to -4.7 million in debt....



Austin
04-12-2010, 10:22 AM
http://sports.yahoo.com/nba/blog/ball_dont_lie/post/Derrick-Coleman-is-almost-5-million-in-debt?urn=nba,233379

http://img16.imageshack.us/img16/8836/eptsportsnbaexperts9653.jpg (http://img16.imageshack.us/i/eptsportsnbaexperts9653.jpg/)



Reminds me of how a child spends money......:rolleyes:;)

Eldritch
04-12-2010, 12:17 PM
"Mr. Coleman was focused on investing in various communities throughout the city of Detroit by developing real estate, creating jobs and revitalizing business opportunities," Berke said. "Due to the state of the economy, including the decline in the real estate market, Mr. Coleman's investments could not be sustained."

I've got a better business scheme: it's called SETTING ALL YOUR MONEY ON FIRE. At least that'll keep you warm for a while.

Austin
04-12-2010, 06:38 PM
Well the irony is he is being cast in the US media as a "noble black Detroit community hero" when in reality the very people who likely suckered him out of his money were Detroit black businessmen seeing as there are no respectable whites in that failed city to begin with anymore