Written by :
Published on :
Former NBA player, who made millions during his career, faces trial for failure to pay nearly $1 million in gambling debts. He was also charged with writing bad checks.
Walker filed for bankruptcy a few weeks back. The filing claims US$12.7 million in liabilities and $4.3 million in assets - including the 2006 NBA championship ring Walker won with the Miami Heat.
To date, Walker has paid $135,000 towards his debt.
Walker used $1 million in gambling loans between July 2008 and January 2009 at Planet Hollywood, Caesars Palace and the Red Rock Resort. In accordance with Nevada law, unpaid gambling loans or markers are considered bad checks and handled by the district attorney's office for prosecution.
By all accounts it appeared as if Walker was one of the most financially secure players in the NBA.
"He is dead broke," a source familiar with Walker and his gambling habits tells Gambling911.com. "Antoine Walker is a very nice guy who just couldn't say ‘no' and close associates milked him for all his money."
Walker could face up to 12 years in prison if convicted.
Tyrone Black, Gambling911.com
