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Allen Iverson Seen Begging for Change

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Printed Date: Aug 16 2018 at 12:30pm


Topic: Allen Iverson Seen Begging for Change
Posted By: BBpants
Subject: Allen Iverson Seen Begging for Change
Date Posted: Aug 19 2014 at 6:57pm


“I don’t even have money for a cheeseburger,” said Iverson.

Troubled former NBA basketball player Allen Iverson was seen begging for change outside of Lenox Mall in Atlanta. Several mall patrons reported a man with a disheveled appearance harassing them for change.

When security arrived, they were shocked to see it was none other than basketball legend Allen Iverson. Iverson was asked to leave the premises by mall security.

Jason Seaworth, who works security at the mall, says it was very difficult for him to ask Iverson to leave as he was one of his childhood heroes. “One of the hardest things I’ve ever had to do was asking my hero to leave the mall. It was very sad to see him in such a bad place. I really hope he gets his life together and somehow returns to prominence,” Seaworth stated.

Allen Iverson fell on hard times when his basketball career abruptly ended. Though the 76ers legend is currently bankrupt, he does have a $30 million trust with Reebok, which he cannot access until he is 55-years-old.

Over his NBA career, Iverson made over $154.5 million in salary. The 39-year-old also racked up quite a bit of income in endorsements, bringing his income to over $200 million.

Iverson blew through his money at an alarming rate on gaudy jewelry, expensive cars, and other frivolous purchases. In 2012, a Georgia judge garnished his wages to satisfy a $859,896.46 debt to a jeweler.

http://rollingout.com/sports/nba-legend-allen-iverson-i-dont-even-have-money-for-a-cheeseburger/#_" rel="nofollow - During his divorce proceedings in 2012 , Iverson told an Atlanta judge, “I don’t even have money for a cheeseburger,” while turning his pockets inside out.

While in the middle of a financial bind, Iverson purchased an elaborate mansion, but http://realestate.aol.com/blog/2013/02/07/allen-iverson-foreclosure-atlanta-home/" rel="nofollow - lost the property to foreclosure less than a year later. It is believed that he is now homeless and bounces around from home to home.

Iverson has been working hard to get his life back on track. He hopes to one day re-join the 76ers with an office position.



Damn homie Ouch When I was younger I couldn't wait to get older just to mess with Allen while he was in philly.





Replies:
Posted By: Alias_Avi
Date Posted: Aug 19 2014 at 6:59pm
God, that's sad


Posted By: jonesable
Date Posted: Aug 19 2014 at 7:00pm
He will be fine.
He has a 30 million dollar trust and NBA retirement .


He aight .

He needs to address his gambling and alcohol problem though


Posted By: Alias_Avi
Date Posted: Aug 19 2014 at 7:00pm
Oh come on! Rules can not be bent?!?!???

Originally posted by BBpants BBpants wrote:

Allen Iverson fell on hard times when his basketball career abruptly ended. Though the 76ers legend is currently bankrupt, he does have a $30 million trust with Reebok, which he cannot access until he is 55-years-old.


Posted By: ChubbyYeti
Date Posted: Aug 19 2014 at 7:03pm
Can't he sell his trust?


Posted By: BBpants
Date Posted: Aug 19 2014 at 7:03pm
If he gets that money now, he'll blow right thru it....let him struggle until he gets himself back together.


Posted By: Alias_Avi
Date Posted: Aug 19 2014 at 7:04pm
You're probably right Ouch
smh


Posted By: jonesable
Date Posted: Aug 19 2014 at 7:04pm
He could definitely work with the 76ers in player development .
He just needs to control his habits.


They would love to have him.
Once he gets it together


Posted By: Gkisses
Date Posted: Aug 19 2014 at 7:04pm
Originally posted by jonesable jonesable wrote:

He will be fine.
He has a 30 million dollar trust and NBA retirement .


He aight .

He needs to address his gambling and alcohol problem though



This


Posted By: BBpants
Date Posted: Aug 19 2014 at 7:08pm
^ damn LOL How you begging for change but in clubs?


Posted By: jonesable
Date Posted: Aug 19 2014 at 7:09pm
Also this story is fake.
Its from a satire website.


Damn they tried to play you AI


Posted By: keepgrowing
Date Posted: Aug 19 2014 at 7:10pm
Originally posted by BBpants BBpants wrote:

^ damn LOL How you begging for change but in clubs?

LOL 

Priorities.


Posted By: Claudie
Date Posted: Aug 19 2014 at 7:11pm
It is not true! 


Posted By: BBpants
Date Posted: Aug 19 2014 at 7:13pm
Originally posted by jonesable jonesable wrote:

Also this story is fake.
Its from a satire website.


Damn they tried to play you AI


The begging part may be false but the bankrupt part is true right?


Posted By: jonesable
Date Posted: Aug 19 2014 at 7:16pm
Yeah he is


Posted By: india100
Date Posted: Aug 19 2014 at 7:27pm
I think people can be so cruel for no reason . One of the best NBA players we will witness . SMH

Though Iverson's insolvency was assumed by many when that news broke last month, the New York Post's Peter Vecsey, through "a person with a firm grip on the situation" reports that Iverson has an account worth $32 million that he cannot access until he turns 55 years old that feeds him "$1 million annually".


Posted By: MissDarkEyes
Date Posted: Aug 19 2014 at 7:44pm
I can't wrap my mind around blowin through 200 million...


Posted By: thickblkbarbie
Date Posted: Aug 19 2014 at 7:50pm
Now wait got damn minute, he can't get a 9-5 job , basketball is all he know, he can work ,like the rest of us, what he lost his pride along the way!!


Posted By: Princess Grace
Date Posted: Aug 19 2014 at 7:52pm
He better get on some meds and see if barkley can hook him up on sportscenter


Posted By: fckwitmeuknoigotit
Date Posted: Aug 19 2014 at 7:55pm
yea that story is from a satire site. iverson still has a nice chunk of money left(even though he should have waaaay more) in a trust.



Still, sources reportedly familiar with Iverson’s situation say that he has an account worth $32 million that he cannot withdraw in bulk. Iverson won’t have full access to the funds until he turns 55, but it reportedly pays him $1 million annually. Iverson will also have access to his NBA pension in about five years. That pension will pay him roughly $8,000 per month.





Posted By: Tbaby
Date Posted: Aug 19 2014 at 8:04pm
I  think I can squeak by w/ 1 million annually from a trust account til I'm 55...


Posted By: JamCaygirl
Date Posted: Aug 19 2014 at 8:16pm
There is no good reason for this man to be broke and begging for change...

No sympathy here


Posted By: Rumbera
Date Posted: Aug 19 2014 at 11:19pm
He can borrow on his trust ...prolly already has


Posted By: Up&Out39
Date Posted: Aug 19 2014 at 11:23pm
There is no reason ridicule this man. I will pray he finds his way.


Posted By: carolina cutie
Date Posted: Aug 19 2014 at 11:37pm
Originally posted by JamCaygirl JamCaygirl wrote:

There is no good reason for this man to be broke and begging for change...

No sympathy here
I'm trying but...nah. I do think he can bounce back.Smile



No junior colleges or high schools would higher him to be a basketball coach?

OT: What happened to Sprewell?


Posted By: thewonderfulwa
Date Posted: Aug 19 2014 at 11:43pm
Yes the first thing I thought was a addict he needs to go to rehab and get right so he can live to collect his money.


Posted By: aNgElIc*SoUl
Date Posted: Aug 19 2014 at 11:43pm
Sprewell? You mean damn fool lol, I get pissed when I hear his name. I think he's broke too.


Posted By: afrokock
Date Posted: Aug 20 2014 at 12:31am
Regardless of rain or snow
Sleet or hail
I kick street tales
Choke a nigguh like I'm sprewell


I still laugh at that line and incident.

But sprewell is deadass broke

To think he made so much money off the spinners when they came on the scene too

Tut tut





Posted By: DiorShowGirl
Date Posted: Aug 20 2014 at 12:45am
dont worry they'll prolly be some idiot female who will take his ass in and help him out,,,just to say oh yeah Allen Iverson and me is together....whether they be black or white...fat or skinny , skank or non-skank, there will be that one idiot female..


Posted By: Az~Maverick
Date Posted: Aug 20 2014 at 12:57am
All he gotta do is hold on til he turns 55......and spend invest his money the SMART way. 

Hope he learned his lesson.


Posted By: ModelessDiva
Date Posted: Aug 20 2014 at 3:01am
Originally posted by MissDarkEyes MissDarkEyes wrote:

I can't wrap my mind around blowin through 200 million...

this 
id be set for life

and then some


Posted By: ModelessDiva
Date Posted: Aug 20 2014 at 3:03am
 
and 16 years is a very long time





Posted By: nemesis1
Date Posted: Aug 20 2014 at 3:18am
Sad and pathetic. All that money down the drain.


Posted By: BBpants
Date Posted: Aug 20 2014 at 3:20am
Originally posted by DiorShowGirl DiorShowGirl wrote:

dont worry they'll prolly be some idiot female who will take his ass in and help him out,,,just to say oh yeah Allen Iverson and me is together....whether they be black or white...fat or skinny , skank or non-skank, there will be that one idiot female..


I aint gonna lie....If Allen was looking the way he was back when he was on the sixers, I would help him out LOL "you hungry, you thirsty? You need saving, boo?"


Posted By: tatee
Date Posted: Aug 20 2014 at 3:52am
so yah like fuk sources and facts imma just run with fiction

Quote
  • About The News Nerd

    The stories posted on TheNewsNerd are for entertainment purposes only. The stories may mimic articles found in the headlines, but rest assured they are purely satirical.



Posted By: BBpants
Date Posted: Aug 20 2014 at 4:13am
Yes




Posted By: keelolo1
Date Posted: Aug 20 2014 at 8:47am
I knew this was fake. 


Posted By: NuAttitude
Date Posted: Aug 20 2014 at 10:33am
$200 million though.......Wacko 


Posted By: swweet*suga
Date Posted: Aug 22 2014 at 2:02pm
wow



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