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How Does a Professional Athlete Go Bankrupt?

Discussion in 'Society and Culture' started by SixofNine, Nov 20, 2014.

  1. SixofNine

    SixofNine Jedi Sage Staff Member

    He signs over power of attorney to his parents, who then obtain high-interest loans using his contact as collateral.

    Excerpt:

     
  2. ethics

    ethics Pomp-Dumpster Staff Member

    You can't understand unless you have parents like he (and me).
     
  3. cmhbob

    cmhbob Did...did I do that? Staff Member

    ethics likes this.
  4. ethics

    ethics Pomp-Dumpster Staff Member

    Yeah, this isn't as rare as people think.
     

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