Money To Blow: 8 Athletes Who Lost Their Fortunes Because Of Dumb Sh-t [PHOTOS]
Downfall: Having more money than he knew what to do with; too many homies on the staff.
Allen Iverson re-invented the wheel of blowing money fast. With a $160 million fortune to his name, Iverson massacred his bank account balance by copping too many chains, trickin’ off racks upon racks upon racks in nightclub, gambling, and keeping an entourage of more than 50 people on the payroll.
The former Philadelphia 76er was ordered to pay a local jeweler $860,000 or skipping out on his bill. If that wasn’t bad enough his estranged wife, who accused him of cheating, ransacked his house jacking many of his possessions.