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  • After Losing Millions To Nigerian Scammers, A Bankrupt Boris Becker Is Liquidating His Assets

    From zerohedge.com

    It has already been one of the most remarkable rags to riches and then back to rags - with a bankruptcy on top - stories ever, and it is getting more bizarre by the day. Three months ago, we reported that while Boris Becker was a legend on the tennis court, when it comes to investing, he appears to have shared an advisor with Johnny Depp. Becker shot to fame when he won Wimbledon aged just 17 and went on to win a total of six Grand Slam titles, including a further two Wimbledon titles, two Australian Opens, and a US Open crown, before retiring in 1999 aged just 31 and moving into business. Alas, here the fairy tale ... (full story)

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  • Post #1
  • Quote
  • Oct 8, 2017 12:39am Oct 8, 2017 12:39am
  •  ministry
  • Joined Nov 2016 | Status: Novice Gold Trader | 44 Comments
Be A Financial Adviser to yourself. Don't trust Financial Managers. They only suck your money in.
  • Post #2
  • Quote
  • Oct 8, 2017 12:47am Oct 8, 2017 12:47am
  •  Erebus
  • Joined Jul 2011 | Status: Member | 78 Comments | Online Now
try gofund me ???
  • Post #3
  • Quote
  • Oct 8, 2017 9:37am Oct 8, 2017 9:37am
  •  Steve J
  • | Joined Jan 2014 | Status: Member | 88 Comments
This is really sad news. After reading the article it was a combination of bad business decisions that brought calamity. The headline made it seem as if those wonderful Nigerians were fully to blame when the facts tell a different story.
I hope he can pull himself together and prosper just like before. Hmmm....He could even subscribe to a demo account and learn how to trade. He may have better luck within the buoyant Forex market.
2
  • Post #4
  • Quote
  • Oct 8, 2017 9:55am Oct 8, 2017 9:55am
  •  johnston
  • | Joined May 2016 | Status: Member | 20 Comments
Greed and disaster. Else why a German investing in Nigeria...Didn't get any other country even home country? Imao
  • Post #5
  • Quote
  • Oct 8, 2017 10:14am Oct 8, 2017 10:14am
  •  OnlineAddict
  • Joined May 2014 | Status: Veteran | 2,444 Comments | Invisible
This has scam written all over it...maybe he has debts he doesn't want to pay, maybe alimony...so he declares bankrupcy. Nigerian scammers...yeah, right. lol
1
  • Post #6
  • Quote
  • Oct 8, 2017 12:28pm Oct 8, 2017 12:28pm
  •  nwedepius
  • | Joined Nov 2016 | Status: Member | 89 Comments
The money he earned on the court was spent on a divorce, an extravagant lifestyle, failed business projects and settling unpaid tax bills. Bingo!!!
1
  • Post #7
  • Quote
  • Oct 8, 2017 12:33pm Oct 8, 2017 12:33pm
  •  nwedepius
  • | Joined Nov 2016 | Status: Member | 89 Comments
The slide continued: while his wife, Barbara, was in hospital expecting their second child, Becker was seducing Angela Ermakova at the Nobu restaurant in London. DNA confirmed that he was the father of Ms Ermakova’s daughter and the subsequent divorce and child maintenance cost him almost £20 million. In 2002 Becker avoided jail in Germany for tax evasion after repaying €3 million.
  • Post #8
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  • Oct 8, 2017 12:36pm Oct 8, 2017 12:36pm
  •  nwedepius
  • | Joined Nov 2016 | Status: Member | 89 Comments
Alas, some seeds of the upcoming financial disaster emerged early on, most notably when he lent his name to ‘Boris Becker Tower’, a 23-story residential and commercial tower located in Business Bay, Dubai, which was a financial disaster.
  • Post #9
  • Quote
  • Oct 8, 2017 12:39pm Oct 8, 2017 12:39pm
  •  nwedepius
  • | Joined Nov 2016 | Status: Member | 89 Comments
You pay for your mistake.
  • Post #10
  • Quote
  • Oct 8, 2017 4:46pm Oct 8, 2017 4:46pm
  •  charterjoe
  • | Membership Revoked | Joined Sep 2016 | 230 Comments
moral of the story is when responding to Nigerian emails always have a tight stop loss.
2
  • Post #11
  • Quote
  • Oct 8, 2017 4:51pm Oct 8, 2017 4:51pm
  •  clockwork71
  • | Commercial Member | Joined May 2007 | 1,114 Comments
Quoting charterjoe
Disliked
moral of the story is when responding to Nigerian emails always have a tight stop loss.
Ignored

  • Post #12
  • Quote
  • Oct 8, 2017 5:24pm Oct 8, 2017 5:24pm
  •  Guest
  • | IP XX.XXX.3.1
It takes hard work or smart work to make money but it requires financial knowledge to keep it or grow it. Blame yourself if you invested wrongly. You should do your due diligence. Besides invest where you are most familiar. You can't force Warren Buffet to those kind of schemes. Don't blame Nigerians or anyone, blame your unwise or greedy self.

He engaged the services of a canadian group to invest on his behalf, in an area where he was never trained. Don't trust any financial adviser, they are out there to get there cut.
1
  • Post #13
  • Quote
  • Oct 8, 2017 5:26pm Oct 8, 2017 5:26pm
  •  Aussi
  • Joined Sep 2013 | Status: Member | 3,781 Comments
Quoting charterjoe
Disliked
moral of the story is when responding to Nigerian emails always have a tight stop loss.
Ignored
  • Post #14
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  • Oct 8, 2017 8:09pm Oct 8, 2017 8:09pm
  •  Guest
  • | IP XX.XXX.113.104
Blame his losses on lack of understanding, greed and lack of financial education, the company you keep determine how your life goes, the way you set your mind to think and the information you feed your soul is the sail that moves your life, does not matter whether it was Nigeria he invested in or not. I have had some "smart" guys call me with with a US number, with an Indian accent claiming they were from IRS and that l was owing the IRS 5 years in tax And that a letter was sent from the police headquaters inviting me for interrogation, but that if l wanted any help their legal team would bail me out for. I thought of it, l have not lived in the US for up to 5 yrs and presently was looking for a job, how could l be owing the IRS, so l told the guy that am waiting for the police to come , that he should send them quickly, he responded sharping that l would end up in jail , that my unpaid tax was over $5000, and that their legal team that works as an independent subsidiary to the IRS was set up to help people like me, l said , ok let the letter arrive first and let the police show up and am ready to go to the IRS office to talk the issue . the phone went mute after the caller shouted that l will end in jail, till today, no police, no jail.
  • Post #15
  • Quote
  • Oct 8, 2017 10:36pm Oct 8, 2017 10:36pm
  •  Subdude
  • | Joined Aug 2007 | Status: If it walks like a duck... | 518 Comments
Idiotic on so many levels. He paid a total of $40M+ to his ex-wife and mistress (who wasn't using birth control when he messed around with her). That alone can financially ruin most mortals, but to add insult to injury, this guy piled on massive debts AFTER his career was over.

Moral of the story - if you're a rich moron (as most professional athletes are), at least recognize it early on and hire a decent financial advisor.
  • Post #16
  • Quote
  • Oct 9, 2017 4:39am Oct 9, 2017 4:39am
  •  Et2017
  • | Joined Jan 2017 | Status: Member | 49 Comments
Quoting Subdude
Disliked
..... a total of $40M+ to his ex-wife and mistress (who wasn't using birth control when he messed around with her).
Ignored
hey, explain to me why SHE should have used birth control when HE messed around with her?
  • Post #17
  • Quote
  • Oct 9, 2017 5:25am Oct 9, 2017 5:25am
  •  Aussi
  • Joined Sep 2013 | Status: Member | 3,781 Comments
Quoting Et2017
Disliked
{quote} hey, explain to me why SHE should have used birth control when HE messed around with her?
Ignored
perhaps i am sorry to say she was a gold digger no birth control = child = child support . he was a easy target and she used it

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  • Post #18
  • Quote
  • Oct 9, 2017 10:52am Oct 9, 2017 10:52am
  •  sogff
  • | Joined Nov 2010 | Status: Member | 2 Comments
The headline is misleading. Nigerian “scammers” cannot be blamed for his negligence and the resultant bankruptcy.
1
  • Post #19
  • Quote
  • Oct 9, 2017 1:18pm Oct 9, 2017 1:18pm
  •  Intrepidpips
  • Joined Aug 2011 | Status: Mos P from Cape to Cairo | 35 Comments
Quoting charterjoe
Disliked
moral of the story is when responding to Nigerian emails always have a tight stop loss.
Ignored
Now every failed business man or failed investor will blame it on Nigerian scammers.SMH
  •  Guest
  • | IP X.XXX.178.91
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  • Story Stats
  • Posted: Oct 7, 2017 6:47pm
  • Submitted by:
     Newsstand
    Category: Entertainment News
    Comments: 19  /  Views: 7,737
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