Z STAFF
The long story short … Portis says he’s still dealing with the financial fallout from a bad investment deal in 2008 … where he sank a ton of cash into a casino that ultimately went bankrupt.
Portis — along with several other former NFL players — later sued a financial adviser who allegedly duped them into investing in the first place.
“This been ongoing since 2011, 2012 … we just gotta go thru the court process,” Portis tells us. “There’s nothing else I can do. My lawyers are currently dealing with this.”
Portis continues … “At the time I was the biggest name and had the deepest pockets. Now, they’re trying to hold me solely responsible for what was a bad business deal involving a lot of different people.”
Now, Portis reportedly owes more than $ 1 million to various creditors — including $ 450k in taxes, $ 287k to the MGM Grand in Vegas and has other issues with real estate and car loans.
“My lawyers are on top of it,” Portis says … “I’m still eating. Look at my Instagram. I’m not starving. I’m gaining weight.”
“I’m doing fine. I’ll be okay.”
http://ce.ivyrc.com/nfls-clinton-portis-im-not-broke-money-issues-stem-from-bad-business-deal/