Antoine Walker: Blew $110M, Facing 10+ Yrs Jail?

Shira Springer of the BOSTON GLOBE has the stunning story of Antoine Walker, who has apparently already blown $110M in career earnings, owing millions in unpaid pills and casino markers while possibly facing up to a decade or more of prison time.

Antoine Walker

(Summa Cum Laude in Tyson & Barkley School of Finance)

Springer’s piece opens with Walker getting cuffed in a Las Vegas casino over $1M in unpaid markers. We then find out that, “Walker has been pursued by multiple financial institutions for unpaid debts totaling more than $4 million. Court documents filed in Illinois and Florida reveal Walker was named a defendant in three recent debt-related civil cases, in addition to the ongoing check-kiting case. His former agent is also after him, citing a heap of unpaid fees [$450,000!].

Bullets:

  • Several National Basketball Association sources, among them friends and former teammates of Walker’s, said the 33-year-old player may well have squandered much of his $110 million-plus in career earnings.
  • Walker faces a court hearing this Thursday in Las Vegas on three felony counts of drawing and passing checks without sufficient funds with intent to defraud. As of Friday, a representative for the Clark County district attorney’s office in Las Vegas said, Walker had made no move to pay up or otherwise settle the case. Each of the charges carries a possible one- to four-year prison term.
  • He 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.
  • Walker once reportedly played $15,000 hands with Michael Jordan during an all-night gambling session where estimates of money lost and won totaled several hundred thousand dollars.
  • “Antoine is doing great,’’ said Diane. “I have my home. He has his home. If he’s doing so bad, then how could we still be here?’’
  • 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.

Walker’s mother denies that her son has money troubles or a gambling problem, saying “we’re still here, aren’t we?”

Right, tell that to the moms of Fernando Vargas and Rumeal Robinson.

We’ve heard of many athletes blowing their fortunes, and this ranks right up there with the biggest. $110M? The only athlete I can remember blowing that amount (and more) is Mike Tyson. Am I forgetting anyone?