Allen Iverson and NBA players who squandered their fortunes

broke, derrick coleman-siDerrick Coleman – I’ve seen him around at important Detroit social functions. But what most don’t know is that the former flamboyant NBA player squandered all of his $87 million career earnings investing in real estate and Rolexes. When the market fractured into a thousand pieces, so did his bank account. In fact, he ended up owing his creditors close to $5 million.

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Terry Shropshire
A veteran of the U.S. Air Force and Buckeye State native, Terry has also written for the Atlanta Journal-Constitution, the Atlanta Business Chronicle and the Detroit Free Press. He is a lover of words, photography, sports, books, travel, and THEE Ohio State Buckeyes. #GoBucks
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