There are plenty of stories about athletes blowing their cash stores quickly, and ending up in bad financial shape within years of retiring from their chosen game. Rumeal Robinson fits that archetype. Robinson, who played for six teams over a six-year NBA
career, did things a little differently though. He wasn't content to blow all of his money of material items and drugs.
He still bought plenty of material items, according to an in-depth story by the Miami New Times
. But that's not what crushed him. What crushed him was what the New Times
calls "a strip club habit that would have made Pacman Jones blush."
The New Times
reports that Robinson would have strip club binges in which he'd spend $20,000 at a club per night for a week, all while bringing strippers back to his house to dance and even clean his house for various dollar amounts.
Once his NBA career ended and he hit rock bottom, Robinson made things worse by reportedly bribing a broker for a loan for his poorly planned real estate
development firm, a firm he named after an extinct species of shark (Megalodon). The ill-begotten loan money didn't fund his business, of course. The New Times
reports it funded luxuries like expensive steak dinners, high-flying hotel rooms, Cuban cigars and (ahem) a $10,000 M16 machine gun, purchased at a police supply store in Miami.
Worst of all, he sold the Connecticut home of his adoptive mother out from underneath her. She told police he tricked her into signing a deed. He took the $600,000, and she got booted out months later. Then he disappeared. Robinson is apparently homeless. He faces fraud charges related to the bank loan, with a court date set for November in Iowa.