Clinton Portis owes a A LOT of people A LOT of $$$$

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BuddyRyans46

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It Appears Clinton Portis Owes A Lot Of People A Lot Of Money


Court filings unearthed this week reveal that banks, the IRS, and a casino are lining up to collect from former star NFL running back Clinton Portis. Even worse, it looks like the bank is trying to foreclose on the house Portis bought for his mother in 2004.

Just last week, the bank holding the note to a home in Alachua County, Fla.—where Portis starred at Gainesville High School—continued its year-long quest to repossess the property whose deed is held by Portis and his mother, Rhonnel Hearn. That prompted a search into Portis’s other legal troubles, which include:

-The IRS claiming he owes nearly $500,000 in back taxes.

-MGM Grand Casino in Las Vegas winning default judgment in the amount of $287,178.56.

-A dealer seeking $157,290 in payments on an Audi S5.

-Foreclosure proceedings on a $512,000 mortgage for a Miami condo.

-Settlement to avoid possible foreclosure on a property in Coffee County, Ala.

-A $20,000 lawsuit from a condo association over assessment money.


Portis avoided foreclosure on the Miami property last year by desperately selling it in a "short sale" and thus getting the lawsuit dismissed, but he’s still facing trouble with the bright purple house north of Gainesville, which we believe is the one he purchased for his mother. (Purple and white are GHS’s colors; Portis says the color reminds her of “royalty.”) Court documents reveal Portis has yet to answer to the bank’s complaint—records show a private investigator failed at all attempts to serve Portis with the foreclosure notice, though when contacted by the P.I. the former University of Miami star said he “had a lawyer,” but refused to give the attorney’s name.
 
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**** an Audi S5 only cost $65K what the **** did the dealer put in the car to claim $158K lawsuit.

OP how about posting the entire article, you conveniently left out parts. But overall it was an interesting read an hope Portis can get his legal troubles worked out amicably.

It Appears Clinton Portis Owes A Lot Of People A Lot Of Money
The lawsuit over the Audi S5 was dismissed without prejudice; we don’t know its final outcome, but a settlement is likely.

Go Canes
 
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Thursday Dolphins notes; Portis responds to Deadspin story | Sports Buzz

Here is Clinto Portis's response which makes sense!

Portis told TMZ that in 2008, he made a considerable investment into a casino that ultimately went bankrupt.

Portis and other NFL players later sued a financial adviser who allegedly persuaded them into investing.

"This been ongoing since 2011, 2012 ... we just gotta go thru the court process," Portis told TMZ. "There's nothing else I can do. My lawyers are currently dealing with this….

“At the time I was the biggest name and had the deepest pockets. Now, they're trying to hold me solely responsible for what was a bad business deal involving a lot of different people…. My lawyers are on top of it," Portis says ... "I'm still eating. Look at my Instagram. I'm not starving. I'm gaining weight. I'm doing fine. I'll be okay."

Portis, 33, last played in the NFL in 2010 and has since done some work as a commentator for the Atlantic Coast Conference’s digital network. He played his first two seasons with Denver and last seven with Washington, scoring 75 touchdowns and producing a 4.4 career rushing average.
 
The article shows less than $1 million in debts. That's not a lot of money. While he may be broke, that article doesn't exactly prove it.
 
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It Appears Clinton Portis Owes A Lot Of People A Lot Of Money


Court filings unearthed this week reveal that banks, the IRS, and a casino are lining up to collect from former star NFL running back Clinton Portis. Even worse, it looks like the bank is trying to foreclose on the house Portis bought for his mother in 2004.

Just last week, the bank holding the note to a home in Alachua County, Fla.—where Portis starred at Gainesville High School—continued its year-long quest to repossess the property whose deed is held by Portis and his mother, Rhonnel Hearn. That prompted a search into Portis’s other legal troubles, which include:

-The IRS claiming he owes nearly $500,000 in back taxes.

-MGM Grand Casino in Las Vegas winning default judgment in the amount of $287,178.56.

-A dealer seeking $157,290 in payments on an Audi S5.

-Foreclosure proceedings on a $512,000 mortgage for a Miami condo.

-Settlement to avoid possible foreclosure on a property in Coffee County, Ala.

-A $20,000 lawsuit from a condo association over assessment money.


Portis avoided foreclosure on the Miami property last year by desperately selling it in a "short sale" and thus getting the lawsuit dismissed, but he’s still facing trouble with the bright purple house north of Gainesville, which we believe is the one he purchased for his mother. (Purple and white are GHS’s colors; Portis says the color reminds her of “royalty.”) Court documents reveal Portis has yet to answer to the bank’s complaint—records show a private investigator failed at all attempts to serve Portis with the foreclosure notice, though when contacted by the P.I. the former University of Miami star said he “had a lawyer,” but refused to give the attorney’s name.

I wonder just how many actual members of royal families she's met?
 
Should have taken some financial advice from Edge. Boy is set for life and no way he is losing it. I remember Gore got taken for a lot of money from bogus financial advisor. I think like 7 or 8 million
 
Portis made close to $43M. A typical story about NFL players who get the big money but don't make good financial decisions. Don't see how he can dig out of it.
 
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Seriously, How do so many of these ****** financial advisors manage NFL players? It seams like the NFL NEEDS to do a better job recommending advisors to these players.

It seems pretty simple to me. Don't let your family manage your money. Don't start giving a **** ton of money to family/friends. Don't waste your money buying a lot of stupid ****. And finally, set up a 401k, and pay your **** taxes. So many players start with no money, get a lot of it, then straight up act stupid once they get it.
 
Portis told TMZ that in 2008, he made a considerable investment into a casino that ultimately went bankrupt.

Have never understood how people fall for dumb ****. If I was making that much money I would be paying cash for anything I bought. The rest would be invested in ways I could control the money.
 
Portis told TMZ that in 2008, he made a considerable investment into a casino that ultimately went bankrupt.

Have never understood how people fall for dumb ****. If I was making that much money I would be paying cash for anything I bought. The rest would be invested in ways I could control the money.

I'm surprised a lot of guys even bother investing in anything at all. If they simply just saved at minimum 1/4 of their gross income in a generic savings account like the ones held by your average 8 year old, they'd still be set for life. Not set to maintain their NFL style lifestyle but also not having to sell their collections of shoes post bankruptcy hearing either. A lot of this is on their agents too. Most are able to hire "reputable" agent representation but never get a proper financial planner recommendation from said firms. ****, Rosenhaus even directed guys to invest with someone that was a complete con-man recently.
 
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