Most would fine it hard to image how someone can blow through $110 million in 12 years. But that is just what Antoine Walker, a former NBA champion and All-Star, did during his professional basketball career. Scroll down for video Though, in an interview on ESPN’s “First Take” with co-hosts Stephen A. Smith and Skip Bayless, Walker said that there are many misconceptions about how ex-millionaire athletes–including himself–lose their fortunes. Want to Keep Up With NewsOne.com? LIKE Us On Facebook! “Personally, I was involved in a lot of real estate projects with the banks where I was the personal guarantor of the loans,” he said. “And when the recession hit back in 2007 and 2008, the banks went really hard after the money. “There’s probably like 7 to eight banks that we had loans with. And it kind of hit me all at once. I had to pay back the money. Everybody’s situation is different. But that’s pretty much what down-spiraled mine. Just bad real estate investments.” When co-host Bayless asked ...
