Welcome, Guest: Join Kenyans247 Log In!

Stats: 324 Members, 17,294 topics and 65 posts Date:  Friday 30 July 2021 at 08:03 PM
Popular & Trending NewestFeatured Links ClassifiedDirectoryLivescoresLive Kenyan TVLive Kenyan Radio Follow Us Like Us

About Us Terms & Conditions Privacy Policy FAQ's Disclaimer Copyright Contact Us Advertise With Us Download K247 APP Marketplace Moderator Policy We Are Hiring Kenya Radio and TV Stations Listen and Watch Live Letter From the C.E.O Kenya Radio Stations Live Kenya TV Stations Live Kenya - Newspapers and News Sites and popular blog Forum Rules

How much is Rumeal Robinson Worth?

Kenyans247 / Entertainment / Celebrities / How much is Rumeal Robinson Worth?

37 people viewed

How Much Is Rashad Jennings Worth? How Much Is Vince Russo Worth? How Much Is Shaquille Oneal Worth? How Much Is Jordy Nelson Worth?
(Go Down) (» Reply topic)
How much is Rumeal Robinson Worth? by Kenyans247(1): Thu 24, December, 2020 11:02pm
Rumeal Robinson Net Worth:
-$1 Million

Rumeal Robinson net worth: Rumeal Robinson is an American former professional basketball player who has a net worth of -$1 million. During his six NBA seasons, Rumeal earned around $4.8 million in salary. Unfortunately his post-NBA life has been filled with legal and financial problems.

Rumeal Robinson was born in Mandeville, Jamaica in November 1966. He was a point guard who played college basketball at Michigan where he won on NCAA championship in 1989 and was a Consensus second-team All-American in 1990.

Robinson was drafted #10 overall in the 1990 NBA Draft by the Atlanta Hawks. He played for the Hawks until 1992 and then played for the New Jersey Nets from 1992 to 1993, Charlotte Hornets from 1993 to 1994, Portland Trail Blazers in 1996, Los Angeles Lakers from 1996 to 1997, and Phoenix Suns and Trail Blazers in 1997. He also played in the CBA and in the Euroleague. He also won a silver medal representing the United States at the 1995 Pan American Games.

Post NBA Legal and Financial Issues: After retiring from the NBA, Robinson moved to Miami where he set out to become a real estate developer. One goal was to build a 25,000 acre resort in his native Jamaica. Unfortunately he was not able to secure a loan or a line of credit from any of the banks he visited. He was eventually referred to a bank in Iowa called the Community State Bank where a loan officer named Brian Williams approved him for a $377,000 bridge loan. Robinson allegedly paid $100,000 of the loan directly to Williams as a bribe to grease the process going froward. Over the next 1.5 years, Robinson received $1.2 million in loans from Community State Bank. He never paid a dime of his loan payments and instead of using the money to develop real estate, Robinson bought jewelry, clothes, motorcycles and more.

After the fraud was uncovered, Community State Bank sued Robinson to recoup the money. The bank would ultimately only recoup around 5%. During one court proceeding, Robinson claimed to have no net worth and lived from one twenty dollar bill to the next. He claimed his only possession was a change of pants.

Robinson was soon indicted on bank fraud, bank bribery, wire fraud and several other charges. His own adoptive mother would claim that Robinson swindled her out of her home.

On September 8, 2010 he was convicted on 11 counts. A year later he was sentenced to 6 ½ years in prison. He was also ordered to pay $1.184 million in restitution. He was released in 2016.

In March 2012, a federal judge ruled that $370,000 of Robinson's NBA pension fund could be seized and used to pay down his restitution.

0 Shares 0 Like •

(» Go Up)

You must Sign in or Sign Up to post content

For you to post content on this website you have to log in or register, it only take few minute to create account

Go Up

Recommended for you

How Much Is Roger Staubach Worth? Enrique Hernandez Net Worth How Much Is Enrique Hernandez Worth? How Much Is Sean Mcvay Worth? How Much Is Marc Marquez Worth?

Currently: 1 guest(s) reading this article

Sections: Environment, Kenyans247 ads, Business, Agriculture, HistoryKe, Phones, Building/Architecture, Universities, Webmasters, Programing, Celebrities, Fashion, Events, Poetry, Social Media/K247 Chit-Chat, Rwanda Forum, Tanzania Forum, Somalia Forum, Burundi Forum, Ugandan Forum,

About Us | Terms & Conditions | Privacy Policy | FAQ's | Disclaimer | Copyright | Contact Us | Advertise With Us | Download K247 APP | Marketplace | Moderator Policy | We Are Hiring | Kenya Radio and TV Stations Listen and Watch Live | Letter From the C.E.O | Kenya Radio Stations Live | Kenya TV Stations Live | Kenya - Newspapers and News Sites and popular blog | Forum Rules | Featured LinksFollow Us on TwitterLike Us on Facebook

Kenyans247 - Copyright © 2019 - 2021 Sande Kennedy. All rights reserved. See How To Advertise.
Disclaimer: Every Kenyans247 member is solely responsible for anything that he/she posts or uploads on Kenyans247.