Edit: Looks like NewsNerd is a junk website like The Onion
The Iverson story has been making the rounds on social networks, with TheNewsNerd‘s take so far topping 28,000 shares. There’s one little thing you might want to read before you go posting it and saying “such a shame, such a shame.”
That’s not to say that everything’s rosy for Iverson. Allen lost his $4.5 million Atlanta home to foreclosure last year, and Iverson’s been dogged by creditors and attorneys for considerable sums of money.
Still, sources reportedly familiar with Iverson’s situation say that he has an account worth $32 million that he cannot withdraw in bulk. Iverson won’t have full access to the funds until he turns 55, but it reportedly pays him $1 million annually. Iverson will also have access to his NBA pension in about five years. That pension will pay him roughly $8,000 per month.
Read more at http://www.inquisitr.com/1420954/wa...-outside-an-atlanta-mall/#LURgY2rjuP2RFFgz.99
8-20-2014
http://www.thenewsnerd.com/sports/allen-iverson-begging-for-change-in-atlanta/
Allen Iverson Seen Begging for Change Outside Atlanta’s Lenox Mall
“I don’t even have money for a cheeseburger,” said Iverson.
Troubled former NBA basketball player Allen Iverson was seen begging for change outside of Lenox Mall in Atlanta. Several mall patrons reported a man with a disheveled appearance harassing them for change.
When security arrived, they were shocked to see it was none other than basketball legend Allen Iverson. Iverson was asked to leave the premises by mall security.
Over his NBA career, Iverson made over $154.5 million in salary. The 39-year-old also racked up quite a bit of income in endorsements, bringing his income to over $200 million.
Iverson blew through his money at an alarming rate on gaudy jewelry, expensive cars, and other frivolous purchases. In 2012, a Georgia judge garnished his wages to satisfy a $859,896.46 debt to a jeweler.
It is believed that he is now homeless and bounces around from home to home.
Though the 76ers legend is currently bankrupt, he does have a $30 million trust with Reebok, which he cannot access until he is 55-years-old.
The Iverson story has been making the rounds on social networks, with TheNewsNerd‘s take so far topping 28,000 shares. There’s one little thing you might want to read before you go posting it and saying “such a shame, such a shame.”
“The stories posted on TheNewsNerd are for entertainment purposes only. The stories may mimic articles found in the headlines, but rest assured they are purely satirical.”
That’s right: TheNewsNerd is a satirical site. Like The Onion, but less funny.
That’s not to say that everything’s rosy for Iverson. Allen lost his $4.5 million Atlanta home to foreclosure last year, and Iverson’s been dogged by creditors and attorneys for considerable sums of money.
Still, sources reportedly familiar with Iverson’s situation say that he has an account worth $32 million that he cannot withdraw in bulk. Iverson won’t have full access to the funds until he turns 55, but it reportedly pays him $1 million annually. Iverson will also have access to his NBA pension in about five years. That pension will pay him roughly $8,000 per month.
Read more at http://www.inquisitr.com/1420954/wa...-outside-an-atlanta-mall/#LURgY2rjuP2RFFgz.99
8-20-2014
http://www.thenewsnerd.com/sports/allen-iverson-begging-for-change-in-atlanta/
Allen Iverson Seen Begging for Change Outside Atlanta’s Lenox Mall
“I don’t even have money for a cheeseburger,” said Iverson.
Troubled former NBA basketball player Allen Iverson was seen begging for change outside of Lenox Mall in Atlanta. Several mall patrons reported a man with a disheveled appearance harassing them for change.
When security arrived, they were shocked to see it was none other than basketball legend Allen Iverson. Iverson was asked to leave the premises by mall security.
Over his NBA career, Iverson made over $154.5 million in salary. The 39-year-old also racked up quite a bit of income in endorsements, bringing his income to over $200 million.
Iverson blew through his money at an alarming rate on gaudy jewelry, expensive cars, and other frivolous purchases. In 2012, a Georgia judge garnished his wages to satisfy a $859,896.46 debt to a jeweler.
It is believed that he is now homeless and bounces around from home to home.
Though the 76ers legend is currently bankrupt, he does have a $30 million trust with Reebok, which he cannot access until he is 55-years-old.
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