Off the court, it has been a different story.
In January, Duncan filed a lawsuit against his former financial advisor, Charles Banks, claiming that while Banks was getting rich off his money, Duncan was losing millions. To be exact, losing $25 million and then some.
Now, the Spurs’ big man has filed another lawsuit, in which he contends Banks urged him to invest $1.1 million in a cosmetics company that Banks said was profitable…. #WellActually, the company was on the verge of becoming bankrupt.
Duncan has said that the $25M+ in losses came to his attention during a review of his finances as part of his divorce, and now he’s pursuing punitive damages in addition to the investments that he has lost.
Article Appeared @http://www.sneakermob.com/undefined/tim-duncan-reportedly-lost-s25-million-in-bad-investments-news.8139.html