Tim Duncan earned about $220 million in the NBA. He says one adviser cost him more than $20 million.
The adviser got 4 years in prison. Duncan’s reaction: putting someone in prison isn’t what you want, but if you break the law, you pay.
In the video below, Duncan says he thought he’d done everything right: “it can happen to anyone.”
Charles Banks IV apologized in court for lying to Duncan and getting him to guarantee a $6 million loan for Gameday Entertainment. Prosecutors put the loss at $13.5 million. The defense called Duncan a hero in San Antonio, but argued there was no loss on that loan.
Duncan says he was coached early in his career on how to prepare for exactly this, and still got caught. In 2015 he told Bloomberg that someone he hired “misused my trust and went astray and started using my money.”
Kevin Garnett was in court too. He was an investor in the loan alongside Duncan, and didn’t comment after the sentencing.
Would you want the prison time, or just your money back?
Katt Williams says people have the Dave Chappelle $50 million story wrong. Then he says he's turned down $50 million four times himself.
Here's the version everyone knows: in 2004 Chappelle signed a $50 million deal for two more seasons of his show. In May 2005 he walked off set mid-production and left for South Africa. He told Oprah he "wasn't walking away from the money."
In the video below, Katt says that's "not even close to what happened." Watch for the line about the dress.
He says he's turned down $50 million four times "just to protect my integrity." Then he tells a story about Martin Lawrence.
According to Katt, Martin promised him a buddy-cop movie together. Katt agreed without reading the script. Then Martin pulled out Big Momma's House, and Katt says he asked why they had to be in a dress again. He told Martin, "you don't want me, you want Brandon T. Jackson," and says that's who the studio hired. His version: all he wanted was to punch the script up so it wasn't offensive to real people.
Comedy Central released Chappelle's third season without him in July 2006.
Is turning down $50 million integrity, or ego?
@0xKyrex He had the $750k check in his pocket, still walked out down $1.65M in five hours. The casino doesn’t need you to lose. It just needs you to stay.
John Daly lost $55 million in casinos. He only found out when he went through his own tax returns.
From 1991 to 2007, Daly was one of the biggest names in golf. While writing his book, he and his co-author went through his tax records to add up the damage. He guessed maybe $20–25 million. The real number was $55 to $57 million.
He played seven hands of blackjack at once, up to $20,000 a hand. He took out $1–3 million casino markers. He once sat at the slots for two days straight, then moved to blackjack for another day and a half. He only got up to use the bathroom.
In the video below, they ask him if he regrets it. His answer: "I had a lot of fun doing it."
But that wasn't all. He's been up $4–5 million at the table and still walked out $2 million down. Because he wouldn't get up.
Up $5 million. Walked out down $2 million.
He made a fortune hitting a ball and gave it back pulling a lever. The casino never needs you to lose. It just needs you to stay. Decide when you leave before you sit down.
Would you have walked away at $5 million up?