Whatever the details, it was a big chunk of change, which, amazingly, wasn't enough.

That's right, during the last several months, the once multi-millionaire athlete has been pursued by multiple financial institutions for unpaid debts.

In fact, according to The Boston Globe, "Employee No. 8" owes more than $4 million to his creditors and is facing felony check fraud charges in Las Vegas. All of this at the age of 33. Wild.

Now I know what you're thinking: How in the world does somebody — not named Montgomery Brewster — even begin to blow through that amount of money?

The answer: fairly easily.

"[Walker] liked to move in an outsized entourage; his mother estimates that, during his playing days, he was supporting 70 friends and family members in one way or another. And speaking of his mother, he built her a mansion in the Chicago suburbs, complete with an indoor pool, 10 bathrooms, and a full-size basketball court. [...]

Living at the Bishops Forest condominium complex in Waltham during the Celtics season, Walker turned the pavement surrounding his home into a virtual luxury car lot — two Bentleys, two Mercedes, a Range Rover, a Cadillac Escalade, a bright red Hummer. Often, the vehicles were tricked out with custom paint jobs, rims, and sound systems at considerable added expense. He also collected top-line watches — Rolexes and diamond-encrusted Cartiers."

Condos, luxury cars, watches ... I guess that'll eventually force you into bankruptcy. Especially when you're not investing any money or collecting $200 with every fifth or sixth roll of the die.

But Walker's lavish lifestyle wasn't all "me-me-me." He was also a generous friend and teammate who had custom suits made for coaches, routinely picked up giant team dinner tabs and, when there were funds to spare, gave to underprivileged youngsters. He was basically spending money like it was going out of style.

And it did.

I guess Biggie was right after all: mo' money, mo' problems.

Cheers, CelticsBlog.

TMS wrote:

orangeblobman wrote:it's not sad at all...you reap what you sow

how is going bankrupt reaping what u sow in Walker's case when he was taking care of his family & friends & giving money to charity?

he was irresponsible w/his money & he went bankrupt because of it, but if he reaped what he sowed (getting as much as you give) then he'd still be a rich man.

TMS, its tough to use your reasoning here as a justifiable excuse. I respect Walker's generosity, but you have to set a limit somewhere.

There's no excuse for blowing 65 million cash.

You reap what you sow. In this case buying cars, jewelry, and balling out lead to his bankruptcy.

I still feel bad for him.

JrZyHuStLa wrote:

Bippity10 wrote:Part of life and learning is paying the consequences for your actions. He did not learn how to manage his money and instead chased the bling. He is paying the price for that. I'm a believer that this learning process is what builds men/women. He should have learned how to manage his money in college/after school. He did not, so hopefully he has learned from this.

I still feel bad for him.

Learning from blowing $65 million has to be a pretty suicidal experience.

Agreed. Especially if you came from a poor background(not sure if Walker did) and then made the money and then lost it all. That must be horrendous. I have a friend like this. Parents were blue collar, struggled to get by. He becomes an executive recruiter and makes 300-400k a year in a very successful business. He bought a house for his parents and paid rent/cars for brothers and sisters. He thought he was trump, when he was really mini-Trump. He could never say no to any of his friends and constantly was buying crap to show us how rich he was. Eventually he was so deep in debt that he had to file bankruptcy. He got his life back on track a few years later, but the lessons he learned..........

I hate seeing this happen to these guys. All the more reasons to value an education. Learn about money if you are going to make money. At least if you lose it all, let it be because you were swindled or robbed or because you spent it all on a night at scores.

And another thing(this is coming from a business owner), it drives me nuts all the scorn thrown at CEO's when guys like this make more money and blow more money on cars and jewelry and garbage. They came from poor, why not spend that money on those that need it(no I don't believe treating for lavish dinners for millionaire rookies helping someone in need)

I remember Antoine being on the cover of NBA Live '99.

When you enter a life of earning money, you MUST have a big plan so that you're the one benefitting in the end. Even if you have to hire a lawyer or advisor to help you come up with that layout. But you can't do the easy thing by just giving your bucks out without any thought.

Sometimes being nice is flat out being stupid.