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Carmelo Anthony Sues Former Biz Manager For Stealing Money
By Randall Stevens ♦ Published 08/21/2009

Carmelo AnthonyDenver Nuggets star, Carmelo Anthony, is reportedly suing his former business manager, claiming he misappropriated more than $2 million of his assets.

In a lawsuit, filed in Sacramento, Calif. this week, Melo alleges that Larry W. Harmon -- and employees of Larry Harmon & Associates P.A. -- breached their fiduciary duties by transferring $1.75 million of Anthony's money without his knowledge or consent to a company formed by Harmon, most of it in 2008.

Another $265,500 was discovered to have been invested in third parties without Anthony's knowledge or consent between 2005 and 2008, according to the lawsuit.

He is seeking the recovery of the approximately $2 million, plus punitive damages.

"I intend to aggressively represent Carmelo Anthony," Melo's attorney, Robert W. Hirsh, told the Associated Press. "The evidence which I have reviewed strongly suggests that Carmelo Anthony's former business manager plundered his assets. It is reprehensible that professional athletes are so often victimized."

The discrepancies in his assets were found shortly after Melo had fired Harmon, and hired new management. During an audit of his assets, there were missing documents and transactions that were miscoded to hide where the money was going.

Harmon has not commented on the allegations.

Categories: Sports        Tags: , ,
  • GEORGE

    Why would you let some else have access to your accounts anyway? These guys get money and get lazy. Once you start making serious money you need to be on top of your business, because like this will get you. I'm not blaming Melo he's the victim, I just hope he learns something.

  • giantnyc2much flossing

    It is not about him being lazy, it is more about him not having the werewithal to handle money to begin with. He only did one year of college and in my college years I was witness to the academic regimen of the so called student athlete.

  • GOON007

    they think niggas don't know numbers.
    learn to count them zero's! it happens all the time you'd be surprised

  • taylor

    Melo know his stuff it seems even if it took him 2 yrs. to catch up,knowledge is the key. it's called bonding your employees in events as such that way you never lose. the smarter the more clever they can move money and change accounts remember the Enron scandle?! people beware

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