Former Trail Blazer Craig Smith says he had just $85 in bank despite millions made

Discussion in 'Portland Trail Blazers' started by SlyPokerDog, May 23, 2015.

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  1. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    The 6-foot-7 Smith was raised in Inglewood and was a standout at Fairfax High School. He was drafted by the Minnesota Timberwolves in 2006 and traded to the Clippers in 2009. He joined the Portland Trail Blazers in 2011 and now is a free agent.

    Smith's total income from six years in the National Basketball Assn. was $9.4 million, according to the website Basketball-Reference.com.

    He told me, and he alleges in a pair of lawsuits filed in Los Angeles County Superior Court, that he discovered in 2012 that he had only $85 in an account at City National Bank.

    Smith's lawsuits allege that his then-business manager, Noah Lookofsky, forged Smith's signature to transfer more than $2 million to his own accounts from Smith's accounts at City National and U.S. Bank.

    Smith is suing the two banks for allegedly failing to notify him of unusual activity involving his accounts. Representatives of both institutions declined to comment.

    Read the rest of the story here - http://www.latimes.com/business/la-fi-lazarus-20150522-column.html
     
    SlyPokerDog, May 23, 2015
    #1
  2. MARIS61

    MARIS61 Real American

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    I blame the salary cap.
     
    MARIS61, May 23, 2015
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  3. riverman

    riverman Writing Team

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    More tragedies concerning the Rhino's of the world! I hope he gets it all back and more. I liked his game.
     
    riverman, May 23, 2015
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  4. Haakzilla

    Haakzilla Well-Known Member

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    ...I blame Inglewood!
     
    Haakzilla, May 23, 2015
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  5. BlazerDuckSeahawkFan94

    BlazerDuckSeahawkFan94 AWOL

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    Always up to no good!
     
    BlazerDuckSeahawkFan94, May 23, 2015
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  6. handiman

    handiman Well-Known Member

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    $85, damn. That must make him the wealthiest rhino in the world.
     
    handiman, May 23, 2015
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  7. PDXFonz

    PDXFonz I’m listening

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    Craig Smith, the only NBA player to ever @ me on twitter. Hope he gets what is rightfully his. Also F people who make a living off of others misfortunes, what did Dante say about them?
     
    PDXFonz, May 24, 2015
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  8. handiman

    handiman Well-Known Member

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    A fool and his money are soon parted?
     
    handiman, May 24, 2015
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  9. Sinobas

    Sinobas Banned User BANNED

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    Hey, that's enough to get one of these!
     
    Sinobas, May 24, 2015
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  10. Sinobas

    Sinobas Banned User BANNED

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    Oh shit nevermind, $5 dollars shipping.
     
    Sinobas, May 24, 2015
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  11. MARIS61

    MARIS61 Real American

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    While having $2 million embezzled by his manager, he apparently squandered over $7 million in 6 years on his own.

    This is a guy who was a standout in high school and spent 4 years at Boston College after a year of prep school at Worcester Academy. All 3 schools profited greatly from his presence, all 3 schools knew he was likely to become a professional athlete upon graduation, but none of them felt any duty to educate him about handling personal finances.

    I think he should sue all 3 schools for not only their deliberate failure to provide a basic education but also for any profits they made from his attendance.
     
    MARIS61, May 24, 2015
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  12. rasheedfan2005

    rasheedfan2005 Well-Known Member

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    yes he should blame shift and deny all personal responsibility. go generation entitled!
     
    rasheedfan2005, May 24, 2015
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  13. MARIS61

    MARIS61 Real American

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    He paid for an advanced education that it's clear he never received.

    Open and shut case of fraud.
     
    MARIS61, May 24, 2015
    #13
  14. barfo

    barfo triggered obsessive commie pinko Staff Member Global Moderator

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    You can lead a rhino to water, but you can't make him drink.

    barfo
     
    barfo, May 24, 2015
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  15. bodyman5000 and 1

    bodyman5000 and 1 Lions, Tigers, Me, Bears

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    If he signs up for prime he'll get free shipping for a month. Has to be careful and cancel or they will charge his card after 30 days. That could ruin him.
     
    bodyman5000 and 1, May 24, 2015
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  16. jlprk

    jlprk The ESPN mod is insane.

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    The Inferno was written in Latin, where it said, A sucker is born every minute. Seriously, I hope he finally grabs this problem by the horns.
     
    jlprk, May 24, 2015
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  17. rasheedfan2005

    rasheedfan2005 Well-Known Member

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    Agreed. Im suing my college tomorrow for not giving me 5 million to squander
     
    rasheedfan2005, May 24, 2015
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  18. PDXFonz

    PDXFonz I’m listening

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    Man y'all are cold, nobody else cares that the Rhino is endangered?
     
    PDXFonz, May 24, 2015
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  19. WillG

    WillG Well-Known Member

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    You can lead a Rhino to Education, but you can't make him Think . . .
     
    WillG, May 24, 2015
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  20. jlprk

    jlprk The ESPN mod is insane.

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    After what happened to the white rhino I hope this guy reproduces before he stops eating.
     
    jlprk, May 24, 2015
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