Dennis Rodman Scammed: Dennis Rodman played an essential role on the storied championship-winning Chicago Bulls and Detroit Pistons teams. During his career in the NBA, he was one of the top defenders. The five-time champion nonetheless lost everything he had.
The Worm was undoubtedly a party animal that led a lavish lifestyle. Rodman, who was once homeless, had an unsustainable lavish lifestyle. Many professional athletes have had financial setbacks throughout the years due to their way of life. Rodman’s situation, meanwhile, was not all his fault.
Rodman was not well paid despite being a superstar while he was playing. During his NBA career, he earned about $27 million. He reportedly made $9 million a year during the 1996–1997 Bulls season, his highest salary. His money did not, however, only come from his NBA paycheck.
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Dennis Rodman’s Financial Advisor Defrauded Him
Dennis Rodman was one of the most well-liked players during his playing career. Everywhere he played, his off-court antics were a hot topic of conversation and thrust him into the public eye. Rodman’s superstardom was out of this world when you combine this with his astounding on-court performances. Even when he retired, this gave him many possibilities on other programs and performances, which let him make a nice living. However, a lady posing as a financial expert conned him.
In the middle of the 2000s, Peggy Ann Fulford got to know Rodman, and he ended up hiring her sports management company. Rodman was unaware that Peggy was defrauding him. Sports Illustrated claims that as financial warning signs grew, Rodman questioned Peggy about it. She attributed the money problems to the spending habits of the twice-named DPOY.
She also stated that Rodman is incapable of managing his finances and took complete control of his bank accounts. He could no longer use his debit card too. The Chicago Bulls icon had such a strong belief in her that he even included her in his remarks at the Hall of Fame ceremony.
Jailed Peggy Ann Fulford
When Dennis Rodman failed to provide his first wife with the required child support, Peggy Ann Fulford’s con became apparent. His transactions were examined when his spending patterns were questioned. Peggy was discovered utilizing Rodman’s money at this point.
Unfortunately, the woman conned more athletes than only Rodman. She also caught the attention of several former NBA and NFL players. Peggy received a 10-year prison term in 2018 for her crimes.
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