I think alot of these dudes get signed, and it's a whirlwind...they get people referred to them and they're caught up in the happiness of being rich, and they hear, "Kwame, you focus on basketball...we'll handle your business affairs"
Now we all know Kwame didnt focus on basketball, but that's neither here nor there,
But they have chefs, drivers, agents to plan appearances, etc etc etc. So they literally just get used to trusting.
But to me, where they mess up is, tryna be greedy. Just b/c you get $50 million, doesn't mean you have to begin investing it. These stories almost always end badly.
If I ever win $50 mil lottery, I'll have an advisor invest maybe $2-3 million, but I want a monthly meeting and report of EVERYTHING. The rest of the money will be under my control in a separate account(s). And I'm checking that balance once a week.
I have an uncle who goes to the credit union/bank twice a week just to at his accounts.