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Embattled R&B crooner R. Kelly’s career, image and life are already in abject shambles these days. And, as most pop culture fans have long suspected, Kelly’s finances are on the list of things that are in a perilous condition. After creditors came in and scooped up the last vestiges of R. Kelly’s wealth, he was…

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Apparently, there is a growing wave of support for musician Kanye West and his financial problems. Kanye recently revealed that he is $53 million in debt over his failed investments that included a clothing line. He even reached out to Facebook creator Mark Zuckerberg with a series of tweets asking for a loan of $1…

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Everyone get out your violins and play a sad song for killer George Zimmerman. The man who shot Trayvon Martin dead is apparently enduring financial hardship because no one will hire him or buy his paintings on eBay. In recent divorce proceeding documents, Zimmerman had to list his financial assets in an affidavit. According to…

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ESPN recently aired a “30 for 30” documentary that takes a look at how millionaire athletes lose it all. The film Broke features several athletes, sports agents and financial advisers who give testimonies on how million-dollar contracts don’t guarantee lifelong wealth. Click continue to view a list of 15 millionaire athletes who filed bankruptcy.

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It’s been a tense couple of months for corporate executive Liz Eliason because the recession hit her where it hurts: inside her designer purse. A casualty of embezzlements and accounting fraud, Liz was enjoying a cushy career as a top-level administrator at the pseudo company, MPI, when she received the news from her boss one…

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