Allen Iverson’s Bank Account Seized; Earnings To Be Garnished

Multiple sources are reporting former NBA All-Star Allen Iverson will have his Georgia bank account seized and any future earnings garnished due to extreme financial debts.

Iverson owes $860,000 to a jeweler (in an undisclosed location), and being unable to cut a check, was slapped with the seizure order from a Georgia judge.

Allen Iverson was once the talk of the NBA.

His  gritty, tough, and passionate play earned him both friends and foes alike.

Since his last stint in the league with the Sixers in 2010, Iverson played in the Turkish pro league. Over the last few weeks, Iverson has been rumored to land in the Venezuelan or Puerto Rican pro league or with the Los Angeles Lakers.

Neither rumor has gained much traction, and in light of the most recent news regarding Iverson’s finances, may not.

If Iverson cannot play pro basketball again, it will be a sad finish to a career that once seemed full of promise.

The Georgetown product spent money like it was going out of style.

Iverson employed a huge posse– which included his personal hair-stylist and tattoo artist.

Iverson brought this posse along with him on all 76ers road trips and other excursions. The Sixers guard also had a penchant for purchasing expensive jewelry for himself and his mother Ann, some of which led to the $860,000 bill.

In total,  Iverson blew as much as $154 million in earnings, and now must find whatever work he can, wherever it may be, to try and dig out of a huge hole of his own creation.

It’s another sad story of a talented player who was an irresponsible person and let his own wealth run his life.

Money can be a very evil thing if it is allowed to be.

Allen Iverson made it his own personal demon.

 

 

Around the Web

  • http://www.intheot.com Chad

    What a moron!! How about that video last year when he got pulled over by the cops in Atlanta with is illegal plates mouthing off the officers because his cars are worth more then they will make in 10 years.

    Enjoy having the banks repossess the vehicles and put a lien on all your assets dumb shit. Sometimes being a smug, cock, pompous prick catches up to you in life.

  • Chris

    Sad to hear, sounds like he needed better people around him…. By the way, Chad, did Iverson do something to you personally, you seem to be taking this a little personal. That or you’re a cop. That was very smug and unnecessary for him to say to those cops, but damn. You Mad?

  • hank

    Chris –”needed better people around him”?? Why would “better people” associate with the likes of someone like Iverson?

  • joe

    Al Sharpton would find someone other than Iverson to blame, like he did with Whitney Houston.

  • Nick

    What an idiot.

    I feel no pity for him. I couldnt care if he winds up homeless. No one will come to his aid.

    We used to see him and his posse out in Philly, being rude, ignorant, acting up, acting like thugs, pushing people around, whispers of being potted up, Bentleys –all things everyone saw and spoke about, but no one ever reported and which the 76ers never addressed.

    I mean, how do you not save any money out of $154MM

  • EMILY

    JUST ANOTHER JOCK THAT HAS SO MUCH MONEY HE SPENDS IT FOOLISHLY.SUCH GOOD THINGS COULD HAVE BEEN DONE WITH HIS EXCESS CASH. MAKES A PERSON WONDER IF THEY HAVE A BRAIN