For the past few months NBA player Zion Williamson has been tormented by his former lover, Moriah Mills, after she found out that his girlfriend was pregnant [click here if you missed that].
Now Zion is being sued for not paying back a $2 million loan...
From CBS News
New Orleans Pelicans star Zion Williamson, along with two members of his family, is being sued by tech company Ankr for allegedly failing to pay back a $2 million loan. Ankr says Williamson, his stepfather and his mother still owe the company $1.8 million.
According to a report from the Associated Press, Ankr PBC filed a lawsuit in the U.S. District Court in New Orleans. In its lawsuit, Ankr claims that it wanted Williamson to be a spokesperson for the company. The company also says Williamson's stepfather, Lee Anderson, served as the NBA star's manager and required $150,000 up front just to start the negotiations.
Sharonda Sampson, who is Williamson's mother, is also named as a defendant in the suit because Ankr allegedly wired her a "bridge loan" that Anderson said was needed to pay back other financial obligations.
"Anderson represented that the loan was urgently needed, as the family had taken on expensive investments including the purchase of certain real estate in New Orleans and could not meet their obligations due to the temporary suspension of payments from Williamson's sponsorship deals resulting from an injury," Ankr said in its lawsuit, per the AP.
Anderson allegedly told Ankr that the family would endure "financial hardship" and that Williamson would not serve as a spokesperson for the company if the loan was not provided up front.
Ankr also claims that it helped Williamson find a physical trainer and personal chef in addition to aiding him in community events.
The suit states that Ankr did receive a $500,000 payment from Anderson as part of a forbearance agreement that was struck last April. However, $300,000 of that covered interest, and Ankr says it never received the other $1.8 million from the family.
7 comments:
This young man just keeps, taking L's. Where are his peoples?
She cursed him
Sounds like they need to sue the parents & sounds like Zion needs to fire them as management
Black people need to learn about money management and understand they can't take those same ghetto tactics and try to manage real money. That robbing Peter to pay Paul can be a generational curse. Sound like he was spending before he even had it. Learn how to say no too, even if it's your parents. You're not obligated to have them on your payroll, nor do you have to take care of them especially before you make sure you take care of yourself. Anyone who truly loves you would understand. If that was my son, he would know he doesn't have to take care of me and to take care of himself first. Can't pour from an empty cup young man. Take a good look at who you have around you because it seems like you're failing before you could really make some noise out here. All of the love will disappear as soon as he goes completely broke.
Money mismanagement.
damn! He doesn't know how to use either head! You can't everybody with you on the way to the top!
He’s a bust! He’ll be out the league soon.
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