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I will never understand why a pro athlete thinks he knows anything about making money outside of playing their game. Their is no relationship between the two.
These guys get rich playing a sport then think they can get filthy rich in the business world. Sorry, but it is hard to have any empathy for them. They are out of their league....They should jsut put their money in the bank and if the interest on that is not enough for them to live on when they retire ( in their thirties), then go get a job...Welcome to our world..jeesh.

What a slime ball, this guy needs prison time

People who commit embezzlement and fraud like this should do time with a bunch of big fat hairy sodomites

I cant blame a professional athlete for trying to set themselves up for a career after they retire. But you should do your research and make sure youre protected.

A "few questions" followed by a $3 million check? That's definitely a "cautionary tale."

I suppose Giannasca and his partners subscribe to the adage 'it takes money to make money' although you aren't supposed to take someone else's for your own use.

I wonder if he gets any money back? Just because the Judge orders it,doesn't mean it will happen....see OJ Simpson.

Hmmm, maybe you might want to ask a question or two before writing a check for 3 mill.

That money is long gone.

Sounds like a good business move. A $3 million investment paid out at $33 million? That's an 1,100% profit for those keeping track at home. Sounds like he has it made now.

Hey EG was just trying to be the beneficiary of trickle-down economics. Whats the problem? LMAO

Con men are good. I know from experience.

Good? Bill Belichick could qualify as the flim flam man.

I let Hillary Clinton handle all my stock trades!

Does Ozzie Guillen qualify as a con man?

Where can I get a hold of Michael McCrary's phone number? I have a great deal I would like to let him in on...

I will never understand why a pro athlete thinks he knows anything about making money outside of playing their game. Their is no relationship between the two.
These guys get rich playing a sport then think they can get filthy rich in the business world. Sorry, but it is hard to have any empathy for them. They are out of their league....They should jsut put their money in the bank and if the interest on that is not enough for them to live on when they retire ( in their thirties), then go get a job...Welcome to our world..jeesh.

50yearfan | 06/28/08, 09:29 AM

You know some of these guys have degrees and have a pretty good idea about what they are doing, and in other cases they give their money to somebody whose job is to make their money grow. Jealous that you don't have that type of money huh.

athletes know sports not business. be smart enough to understand this and save your self millions and lots of heatrache. most of these guys who "have degrees" probally did not even do most of the work to get them. there are a few excpetions though. I mean the great Emmitt is a great football player and all ,but when the guy speaks he comes off dumb as a rock. just an example.

Quoth the Raven, "Nevermore."

D.T.A. $33 million might sound like a lot, but what if the jerk declares bankruptcy? There are always some kind of legal loophole or scam to prevent people from actually collecting. Just ask OJ Simpson if he's ever paid the Goldman's any money from the civil case.

I can give you the phone number of a psychologist who will tell you about the talent of con men. Choosing a target, ingratiating themselves, tossing the bait and calmly collecting the money. The problem is that they don't just rip off bad guys like on TV -- they rip off anybody. Young people. Estates with nobody watching. Unsophistaced people but athletes are a special delicacy. Family members and esp. widows or widowers in grief.

mazen...yes, some of them actually have college degrees, mostly in things like communications, sports psychology, recreation etc. You get the idea. I suspect the head of every failed business adventure had a college degree( check out the mortgage industry ie.). The dumbest people I know have college degrees, some two or more..Not hard to get one of those...Still does not make you ready for million dollar investments in the business world....