Sunday, November 1, 2009

Former Celtics star Antoine Walker is broke and in debt
















The good news keeps coming. Antoine Walker was arrested in Vegas and charged with three counts of passing bad checks to casinos totalling 1 million bucks. Very nice Antoine…way to keep it classy.
Antoine Walker's nickname used to be Employee Number 8 -- now it's Employee Number minus 822,500.Walker has been charged with three felonies for allegedly obtaining gambling markers by passing $1 million in bad checks to three Las Vegas casinos: Caesars Palace, Planet Hollywood and Red Rock Resort.Walker has paid back some of the bad markers, but still owes $822,500. Good luck shimmying out of this one, 'Toine.Read more: http://www.tmz.com/2009/07/14/former-nbaer-charged-with-bad-pass/#ixzz0VaJFTGDd
Former NBA star Antoine Walker was arrested and charged with suspicion of drunken driving in Miami Beach early Monday morning. Take that, Charles Barkley!Read more: http://www.tmz.com/2009/01/05/antoine-walker-busted-for-dui/#ixzz0VaJc7NRO
Police pulled over the 6'9", 250 pound Walker after he was spotted driving a black Mercedes with the lights off. Cops say they smelled "a strong odor of alcohol" and his eyes looked "bloodshot." Walker refused a breathalyzer test. 'Toine played several seasons with the Boston Celtics and was a member of the Miami Heat when they won the NBA title in 2006. He has not played a game this season.Read more: http://www.tmz.com/2009/01/05/antoine-walker-busted-for-dui/#ixzz0VaJhsVL7
The Sad Saga of Antoine Walker
by Deidre Woollard (RSS feed) Oct 28th 2009 at 11:02PM
The latest sports star to hit hard times is NBA player Antoine Walker. The former Celtics star forward has had a rough year. Now various sources says that Walker has lost most of the over $110 million that he earned while playing in the NBA is being chased by creditors. Over the summer Walker was arrested in a Lake Tahoe casino for writing bad checks to satisfy over $1 million in casino markers in Las Vegas. Walker is a known gambler who reportedly once played $15,000 hands with another known gambler, basketball great Michael Jordan.The Boston Globe found that Walker has been pursued by multiple financial institutions for unpaid debts totaling more than $4 million and has been named as a defendant in three recent debt-related civil cases in Florida and Illinois. Walker is from Illinois and also played for the Miami Heat. Earlier this year J.P. Morgan Chase Bank, Wachovia Bank, and American Express Centurion Bank all won decisions against Walker for failing to pay off promissory notes. He had $53,321.71 in overdue credit card charges with American Express and much of the debt appears to have been created by other people that he authorized to use his card.Currently Walker, who is 33, is without a team or a contract as the NBA season begins and may be considering playing in an international league for money. It's a far cry from a decade ago when Boston signed him to a six-year, $71 million deal. At just 22 years old he was instantly insanely wealthy. During the Boston Celtics season Walker stayed at the Bishops Forest condominium complex in Waltham and was known to have a variety of luxury cars including customized Bentleys, Mercedes and more. He also had a taste for expensive watches by Rolex and Cartier and enjoyed wearing custom-tailored suits.And then there's the real estate. Walker created both a Walker Ventures LLC and a real estate company, AW Realty LLC. The company is listed as the owner of several Chicago-area properties, including his mother's home which was once valued at $6 million. In 2007 Walker was robbed at gunpoint in his Chicago home. He bought the home for $4.1 million but put it on the market for $3.9 million after the robbery. It appears to have been sold but is now on the market again by the new owner for just $2.995 million. In 2007 he also sold a townhouse in the same neighborhood for $1.39 million. He had bought the home for $1.3 million in 2004. In the Globe article Walker's mother Diane said that she still has her home and Antoine Walker has his and so there is no problem.
Former Boston Celtic and current who-in-the-hell-knows Antoine Walker was arrested two days ago for writing approximately $1 million in bad checks to three Las Vegas casinos. Since then, Rotoworld.com has learned that he has made bail.
Whew!

Antoine Walker is a whale
Jul 16th, 2009 by Micah Warren
Former Boston Celtic and current who-in-the-hell-knows Antoine Walker was arrested two days ago for writing approximately $1 million in bad checks to three Las Vegas casinos. Since then, Rotoworld.com has learned that he has made bail.
Whew!
Thank god he is out on bail, we’d hate to see someone spend any unnecessary time in the joint when they could be playing golf with the family.
Prosecutors say that he paid back some $178,000, but still owes some $822,000. We like to say “some” before we throw out numbers in case our math is off.


I feel sorry for Antoine, "sort of". Just goes to show ya, "The bigger they are, the harder they fall!"


Ball Don't Lie
Tue Oct 27, 2009 1:50 pm EDT
Former Celtics star Antoine Walker is broke and in debt
By J.E. Skeets
In 12 years, Antoine Walker(notes) made more than $110 million playing professional basketball moderately well. Take away taxes, throw in some adidas endorsement money and a "NBA Live 99" cover, and he's left with, what, $60-to-65 million?
Whatever the details, it was a big chunk of change, which, amazingly, wasn't enough.
That's right, during the last several months, the once multi-millionaire athlete has been pursued by multiple financial institutions for unpaid debts.
In fact, according to Shira Springer of The Boston Globe, "Employee No. 8" owes more than $4 million to his creditors and is facing felony check fraud charges in Las Vegas. All of this at the age of 33. Wild.
Now I know what you're thinking: How in the world does somebody — not named Montgomery Brewster — even begin to blow through that amount of money?
The answer: fairly easily.
"[Walker] liked to move in an outsized entourage; his mother estimates that, during his playing days, he was supporting 70 friends and family members in one way or another. And speaking of his mother, he built her a mansion in the Chicago suburbs, complete with an indoor pool, 10 bathrooms, and a full-size basketball court. [...]
Living at the Bishops Forest condominium complex in Waltham during the Celtics season, Walker turned the pavement surrounding his home into a virtual luxury car lot — two Bentleys, two Mercedes, a Range Rover, a Cadillac Escalade, a bright red Hummer. Often, the vehicles were tricked out with custom paint jobs, rims, and sound systems at considerable added expense. He also collected top-line watches — Rolexes and diamond-encrusted Cartiers."
Condos, luxury cars, watches ... I guess that'll eventually force you into bankruptcy. Especially when you're not investing any money or collecting $200 with every fifth or sixth roll of the die.
But Walker's lavish lifestyle wasn't all "me-me-me." He was also a generous friend and teammate who had custom suits made for coaches, routinely picked up giant team dinner tabs and, when there were funds to spare, gave to underprivileged youngsters. He was basically spending money like it was going out of style.
And it did.
I guess Biggie was right after all: mo' money, mo' problems.

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