Evelyn Lozada, galpal of New England Patriots [team stats] wide receiver Chad Ochocinco, is being sued in bankruptcy court for allegedly helping her former fiance, ex-Celtic captain Antoine Walker, blow through the fortune he made in the NBA.
Lozada, star of VH1?s ?Basketball Wives,? is being accused of taking something in the neighborhood of $560,000 from Walker, who made more than $110 million during his basketball career but squandered it all ? and then some. Now the bankruptcy trustee wants Lozada to pony up the $560K ? plus interest, attorneys? fees and costs ? so it can be returned to ?Toine?s creditors.
According to the suit, Walker made more than $110 million during his 13-year career, not including endorsements and other business ventures, but he lived ?paycheck to paycheck.?
?He was consistently in the negative and insolvent,? the suit states. ?The debtor spent more money than he actually made and accumulated debts far beyond his financial ability to pay.?
Walker owned ?multiple homes in Miami and Chicago,? the suit says. Other luxuries included ?Bentleys, Range Rovers, furs, diamond-encrusted jewelry and exotic vacations.?
?The debtor also accumulated millions of dollars in debts owed to multiple casinos which remain unpaid,? the suit states.
You may recall that ?Toine, 34, was arrested in Tahoe in 2009, accused of writing bad checks to three Vegas casinos for markers totaling close to $1 million. He declared bankruptcy last year, listing total assets of $4.3 million and debts of $12.7 million.
The suit against Lozada, the first in connection with Walker?s financial mess, contends that the hoop heavy gave away millions to family, friends, acquaintances and ?others he barely knew.? He also ?engaged in questionable business deals ... that were doomed to fail from the start,? the suits says.
Lozada was one of the recipients of the broke basketball hero?s largesse, the suit states. He transferred $560K to the reality TV star, who was then his fiancee, ?to support her lifestyle? and to fund Dulce, her shoe store in Coral Gables, Fla.
?At the time the debtor made the transfers he had multiple creditors that he was indebted to and the debtor was insolvent since his liabilities far exeeded his assets,? the suit states. ?The transfers were made to Lozada to fund her own lifestyle at the expense of the debtor?s creditors.?
Vincent Alexander, the attorney for bankruptcy trustee Drew M. Dillworth, told the Track Lozada now has the opportunity to respond to the suit but hasn?t yet done so. Chad?s GF also didn?t respond to our request for comment yesterday. However, TMZ.com, quoting sources, reported that Lozada claims she sold her engagement ring from ?Toine to fund the shoe store and that she had no idea he was that deeply in debt.
Lozada and Walker broke up in 2009, around the time he filed for bankruptcy. A coincidence? Discuss ...
Source: http://feedproxy.google.com/~r/bostonherald/track/~3/hC46G9pc24U/view.bg
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