Ex-business manager indicted in $7M defrauding Cavs' Richard Jefferson

OH SOHH TRILL

Trill OG
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No I never said its foolish to have money in a few accounts, there is no need to lie about what was written on a forum where the shyt is easy to confirm.
You weren't just letting me know anything, you literally wrote to me about some shyt that made no sense regarding what I wrote. Period.
Nothing dumb about risky or high reward investments with expendable funds, its expendable funds for a reason.
You can take a multi-faceted investment approach, longterm low risk index investment, hedge fund investment, and a small percentage on VC or high risk investments. Nothing wrong with that.
Most of these guys are lazy and foolish, which is why they end up broke, instead of trying to cater to their stupidity they need to invest and educate themselves on their money. I can't care about their money more than they do.

As for FDIC
Someone else talked about FDIC insurance, another poster said is that real, and I posted FDIC facts. Simple as that.
Washington Mutual just failed, in 2009 140 banks failed in 2010 157 banks failed worth 92 billion
So banks fail all the time as well, just have to pay attention to your respective banks.

I replied to the wrong dude. My bad man. Was on the road on my phone.
 

Doomsday

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If something is a myth, then it doesn't exist, so it seems you don't know what you are talking about.
Inflation effects everyone.
You have no idea what you are talking about, you've made that extremely clear.

The myth of inflation is that it affects anything. So therefore it does not exist in the context that you are speaking of. Of course there is a literal inflation in the sense that shyt doesn't cost 5 cents to purchase gum, but that's it.

Shut your broke ass up talking about what a another nikka should do with money when you live in your moms basement. How is your stocks and bonds hustle going nikka? That's what I thought.

Name an any elite person in society that got rich from stocks? I'll wait.

LOL you don't know shyt.

Don't argue with fools

You're right. I shouldn't debate people who have such little credibility that 100's of people went out of their way to neg them. I'm done with both of you socks.
 
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David_TheMan

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A casino in Mississippi needs to become the new "I got a bridge for sale" idiom.
Why? Biloxi and Gulfport have plenty of successful computers.
The Alabama deal was a good one, but crazy ass Bentley and Strange, especially bible thumping crazy ass Strange, killed gambling in the state and just now VictoryLand and some of the other casions are returning. Yeah but everyone was hurt by that bullshyt
 

Donald J Trump

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The myth of inflation is that it affects anything. So therefore it does not exist in the context that you are speaking of. Of course there is a literal inflation in the sense that shyt doesn't cost 5 cents to purchase gum, but that's it.

Shut your broke ass up talking about what a another nikka should do with money when you live in your moms basement. How is your stocks and bonds hustle going nikka? That's what I thought.

Name an any elite person in society that got rich from stocks? I'll wait.

LOL you don't know shyt.



You're right. I shouldn't debate people who have such little credibility that 100's of people went out of their way to neg them. I'm done with both of you socks.
:mjlol:
 

L&HH

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Why? Biloxi and Gulfport have plenty of successful computers.
The Alabama deal was a good one, but crazy ass Bentley and Strange, especially bible thumping crazy ass Strange, killed gambling in the state and just now VictoryLand and some of the other casions are returning. Yeah but everyone was hurt by that bullshyt
I'm not saying it's necessarily a bad place to have a casino it's just funny that so many players were duped to investing in something in Alabama of all places, there isn't even a NFL team there.
 

David_TheMan

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I'm not saying it's necessarily a bad place to have a casino it's just funny that so many players were duped to investing in something in Alabama of all places, there isn't even a NFL team there.
It was actually a legit opportunity that a lot of people were investing in and excited about, thats actually a legit loss and not a scheme.
 

L&HH

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Name an any elite person in society that got rich from stocks? I'll wait.
:what: Warren Buffet
800px-Warren_Buffett_KU_Visit.jpg
 
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People with net worth in the millions rarely manage their assets full-time -- especially when it's across a number of jurisdictions with varying tax implications. Not sure why this is a shock to anyone.

Also Richard didn't give him POA -- it was fraudulent.
 

Doomsday

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:what: Warren Buffet

in 1962, Buffett became a millionaire because of his partnerships

Buffet been had money before he became a stock guru. In fact, he made more money TEACHING people older than him about stocks and bonds than making money from them in the beginning. He's a glorified hedge fund manager, he started an investment firm with a bunch of rich people and even bought shyt like gas stations. Being friends with upperclass people did more for his career than than anything else. He already was elite when he got into stock trading, in fact it proves my point that stocks and bonds are only a worthy investment if you're already rich.
 

duckbutta

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It's tough though breh. You play basketball 24/7 basically. You're in a different state every 3 days...There's no way you have time to pay the rent, Credit Card bills, car payments, make investments, etc...:ld:

You could try to leave it up to your spouse...or your parents...but we know that's a bad idea :francis:

So you hire a finance guy...he has to have power of attorney because otherwise he has to have you on the phone for EVERYTHING. I mean he can't even check your bank balance without tying you in on 3 way...so if you don't sign that over then the whole thing is pointless:francis:

The real issue here is that it seems like basketball players appear to be easy targets for these snake ass con artists.

Maybe I've been on thecoli too long but that gives me serious:mjpls::mjpls::mjpls: vibes.

Like they think brothers just won't notice:mjpls:

It's funny cause I recently met this chick who does sports psychology...i didn't even know that was a real thing...and we were talking about athletes in general and one of the things she brought up was how the common person doesn't understand just how much dedication it takes to play sports on the professional level...and that when you dedicate that much time to your profession the first thing that falls through the crack is your finances...

She was overall dropping some gems though...made me view athletes in a completely different way...
 

David_TheMan

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It's funny cause I recently met this chick who does sports psychology...i didn't even know that was a real thing...and we were talking about athletes in general and one of the things she brought up was how the common person doesn't understand just how much dedication it takes to play sports on the professional level...and that when you dedicate that much time to your profession the first thing that falls through the crack is your finances...

She was overall dropping some gems though...made me view athletes in a completely different way...

I think she was bullshytting you. Most people who excel in their jobs dedicate a tremendous amount of time to it, just like pro athletes. Finances aren't the first the thing that falls through the crack for the majority of these professionals, think surgeons, doctors, engineers, programmers, and etc.

Finances doesn't seem like a big priority to a lot of athletes because they get so much money at a young age they don't think about life after the big paydays stop. They have to dedicate their off time, to learning and their LIFE to practicing financial discipline. This is something most people develop as they age, but even so in poorer areas you have people who don't develop this.
 

ORDER_66

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You know what's crazy is that how hard is it for these nba players to get their money direct deposit into their account and monitor it themselves?!?? :dahell:

Y'all talking about jurisdictions for money?!? What the hell y'all talking about?!?
 

Squirrel from Meteor Man

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You know what's crazy is that how hard is it for these nba players to get their money direct deposit into their account and monitor it themselves?!?? :dahell:

Y'all talking about jurisdictions for money?!? What the hell y'all talking about?!?
It's just people making excuses for this idiot, talking about assets, etc. when this dude's only job was to pay RJ's bills. Has nothing to do with stocks, bonds, taxes, or any of that. RJ was just stupid and lazy, plain and simple
 
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