Jack Johnson Files for Bankruptcy: Latest Details, Comments and Reaction

November 20th, 2014 by Mike Chiari Leave a reply »

Columbus Blue Jackets defenseman Jack Johnson is a former first-round draft pick and United States Olympian, but the 27-year-old blueliner shockingly finds himself flat broke.

According to Aaron Portzline of The Columbus Dispatch, the Indianapolis native has filed for bankruptcy after a number of poor investments and decisions by his parents put him in a financial crisis.

Per Portzline, Johnson initially turned over control of his finances to his parents in 2011. What ensued was a bevy of follies that included Johnson's parents taking out as many as 18 high-interest loans in an effort to monetize his contract.

Those risky moves backfired, which resulted in Johnson being sued on three occasions. In addition to that, his parents reportedly made big purchases such as a house and vehicles without consulting their son.

Johnson told Portzline of his issues, "I'd say I picked the wrong people who led me down the wrong path. I've got people in place who are going to fix everything now. It's something I should have done a long time ago."

According to Portzline, wealth-management firm partner Gary Marcin ...

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