Why Athletes Go Broke
Posted on March 09, 2012 at 18:12 PM EST
The latest to join the ranks is Allen Iverson. After earning $154 million in the NBA, and even more through sponsorship deals, Iverson is now broke. A judge recently ordered Iverson to pay a jeweler $860,000 but once he revealed that he couldn't pay, the judge ordered his bank account to be seized.