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Allen Iverson loses Atlanta mansion
Judge accuses NBA great of being an alcoholic, deadbeat
By QMI Agency


Former NBA player Allen Iverson waves to his fans before signing a contract with Besiktas, his new Turkish basketball team in Istanbul November 9, 2010. (REUTERS)


A player who amassed more than $150 million in total earnings during his storied 14-year NBA career has reportedly lost his $4.5 million mansion, according to TMZ.

Allen Iverson's home has been sold in a foreclosure auction after the 11-time NBA all-star defaulted on a $1.2 million mortgage, a loan that’s less than 1% of his career earnings.

Iverson, whose financial woes have long been reported, halted the original sell of his former Georgia home late last year by arguing he never consented to the loan, but that his then estranged wife, Tawanna, had, saying he tried to tell her he couldn’t afford it.

Worse for the NBA great, a judge earlier this month seemingly sided with his former wife during a divorce trial, accusing the former NBA MVP of being a deadbeat and an alcoholic.

"(Mr. Iverson) does not know how to manage (his five) children, has little interest in learning to manage the children and has actually, at times, been a hindrance to their spiritual and emotional growth and development,” court documents acquired by the gossip site read.

“He has refused to attend to an obvious and serious alcohol problem, which has caused him to do inappropriate things in the presence of the children while impaired.”

Iverson last attempted a comeback in 2010 when he signed with Turkish side Besiktas. From 1996-2010, the one-time first overall NBA draft pick featured with the Sixers, Denver Nuggets, Detroit Pistons and Memphis Grizzlies.

 






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