Fredrick Thuglas
Banned
How Allen Iverson Managed To Go Broke - Business Insider
If he wasn't broke... then why did they have to seized his bank account to pay a creditor?
The man spends almost half of what he makes in a year in a month.
How come his home went to foreclosure if he is not broke?
Iverson has been living above his means for a while. You forgot he would take his whole entourage on the road. Iverson never stopped spending so much money after he was out of the league.
Report: Allen Iverson not broke, after all - NBA - Sporting News
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.