Antoine Walker, the former Boston Celtics player, has unpaid debts.
His career may be on the line. He was in Vegas gambling and not paying his debts. This could be the last of him.
He now has $900,000 in debt at Ceaser’s Palace, Red Rock Casino and Spa, and Planet Hollywood. These casinos are some of the most famous in Vegas. Trust me, I live there. Gambling may be an addiction, but there is a limit to everything.
That’s not all that is left. In some of his payments and debts, he has $12.7 million in liabilities and $4.3 million in assets. What in the world is he doing? Now we all know that he is a NBA player so he can afford this, but if he doesn’t pay them he will have to spend 12 years in jail!
On June 14, there is a court arraignment for Walker and his lawyer, Jonathan Powell.
Now don’t get me wrong, he has already paid $135,000 of his debts. He got the call, but that doesn’t mean he is completely off the hook. There are fines and penalties added to late payments, and if he doesn’t pay on time, he will have a bigger amount to pay which will just keep on increasing ...
Read Full Article at Bleacher Report - NBA
Article written by FootBasket
Antoine Walker On the Line with His Gambling Debts
June 1st, 2010 by FootBasket Leave a reply »
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