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Allen Iverson: No Money, Mo Problems

February 23, 2012

SPORTS


Iverson Posse Member Refuses to Help Him Out

OMGG.com finally found something Allen Iverson dislikes even more than practice — wealth management.

Against the advice of his financial planner, the 36-year old famously supported a posse of nearly 50 friends for over a decade, and now can’t afford to pay an $860,000 bill from his jeweler.

The former Philadelphia 76ers guard has blown through an estimated $154 million fortune, but claims he never felt like his friends took advantage of him.

“Those same guys are now helping put food on my table,” claims the 2001 NBA MVP. “In fact, just last week I traded my Olympic bronze medal to my boy Lou for an Olive Garden gift card.”

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