Jalen Rose explains how athletes get scammed, and why it will stop happening | Jalen & Jacoby

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Jalen Rose and David Jacoby discuss the story of Peggy Ann Fulford, who according to a Sports Illustrated article scammed pro athletes like Ricky Williams, Dennis Rodman and Travis Best -- a personal friend of Rose's from his high school days.
#JalenAndJacoby #NBA #Sports
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Опубликовано:

28 сен 2019

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Комментарии : 163

@jpatt85 4 года назад

Rich people have been getting swindled out of their money for thousands of years. Nothing will change

@Kwijiboz 4 года назад

1. Don't blow it. 2. Keep it simple. 3. Count your money.

@pickleell4457 4 года назад

Okay Bill

@brotherLee340 4 года назад

And save!! Athletes seem to forget how important that part is.

@RealMikeGibbs 3 года назад

Classic Bill Burr!

@johnnygibbs4600 4 года назад

Simple control your own finances and never give a person power of attorney of your assets 🤷🏾‍♂️

@johnnygibbs4600 4 года назад

jacarasunny You are so right if you mentally and physically unable to pay your own bills that’s when you do a power of attorney, but I will never understand why these players need financial advisors. In every sports league you only play the sport for a couple of months you mean to tell me you can’t get your moms, father, sister, brother, or even aunt, or a uncle you trust to tell you what bills you got and how much everything is, and you take care of it later it’s that simple..

@mr.basketball4238 4 года назад

Also if you have millions in the bank always have several accounting’s from different companies so that way money never gets “lost”.

@302ec 4 года назад

Totally agree. Make time to become knowledgeable about money management and investing.

@suprcrzy 4 года назад

Its easy to say that, but when you're young, rich, and never had money before, it feels like its never gonna stop. You feel like you're the man, and it also makes you an easy target for predators. The NFL has mandatory courses for rookies about money and contracts, but at the same time, you can't make someone do something they don't want to do. Some ppl just have to learn the hard way, unfortunately.

@johnnybgoode4778 4 года назад

You didn't watch one single minute of the video didn't ya?

@mojoe3012 4 года назад

Oprah said. Sign every check yourself.

@gaffle7646 4 года назад

Bad call Jalen. Unfortunately, this type of financial scamming will ALWAYS occur. Crooks will find a new way to scam these athletes who’ve never seen such large sums of money 💰 in their life. Also, many of these “scholar” athletes have an AVERSION TO READING. Sad but true...

@JudgeDredd_ 4 года назад

DJ GaFFLe very true

@suprcrzy 4 года назад

Ball call?

@faheemcurtis-khidr7409 4 года назад

scholarly or not financial literacy is a entirely different dynamic. Simply reading the fine print is not enough.

@gaffle7646 4 года назад

@@faheemcurtis-khidr7409 I agree sir. I don't mind reading but my eyes glaze over when it comes to legal jargon. Considering that, you've got to imagine it being worse if you're close to illiterate or remedial. On another note, Jalen mentions these guys should know better based off previous player's dealings and financial hardships... NOT! If this were the case, gold diggers and thots would come up with dust when dealing with these men. Instead, they get anchor babies and hit the jackpot off baby-mama status. Men need to do better in protecting their money and $eed.

@faheemcurtis-khidr7409 4 года назад

@@gaffle7646 this is true, functional literacy is essential. There is alot of truth to that. I would like to see players that have been drafted/on a rookie contract complete a month long training which focuses on navigating the pitfalls of being a professional athelete. At a seminar like that former players like Jalen and others could come in talk directly to the young athletes about being a pro. All of the details particularly socio-ecnomically. I dont think a week is enough for most players.

@JB-ig4js 4 года назад

This is the content I like to see espn

@daboe-sr8ce 3 года назад

I know of a former athlete (retired 15yrs) who still hires a forensic accountant every six months without the knowledge of his financial advisor or accountant to make sure they're doing right by him financially.

@anthonynorman7545 4 года назад

People, remember these are athletes from the 80s and 90s. They didn't have access to the same level of technology and convenience that we have. They also had MUCH less knowledge and access to information.

@brotherLee340 4 года назад

Yea but look what just happened to Kevin Garnett and Adrian Peterson. Those People in suits can talk a good game.

@anthonynorman7545 4 года назад

@@brotherLee340 the comment section is talking about the athletes like all of them who got used were dumb and lazy. They aren't really thinking about what it's like or who the slimebags are.

@demarcusshipman6537 4 года назад

Never trust someone with your money! These dude have enough money to pay for training so that they can manage their own assets

@jonathanjones7681 4 года назад

Hard work isn't just on the court it's off as well. Guys have wanted to just chill once their sport is over and give someone else the job not realizing that playing the sport and the business of the sport are both jobs they have to give their all to.

@brotherLee340 4 года назад

Yep. And how important savings are lol. They are looking for another big payday when they are already millionaires.

@deandrepowell3136 4 года назад

WHY NOT post a picture of this woman

@tlovesgreens8244 4 года назад

Who all did she scam?

@edwinjones1000 4 года назад

It's not politically correct to post a woman's picture, no matter what type of slime she is. If it was a man, he'd be on the front page of every magazine on earth.

@ericmatterson9905 4 года назад

Google Peggy Fulford

@goodfellabeats 4 года назад

I used to be a Financial Advisor . Never ever give one person/professional Power of Attorney unless you are hospitalized. If you're a millionaire athlete and don't know how to handle money, you need a Financial Advisor, a Private banker, a CPA, and possibly a lawyer One for investments, one for banking, one for taxes, and the other just in case. Have all of them check the other's work and suggestions.

@bayarea510 4 года назад

i like that advice. How should one go about finding the right advisors and private bankers? Any sites, directories?

@goodfellabeats 4 года назад

@@bayarea510 I don't know of any websites where you can find the right advisor but whenever you find one you should check a site called Brokercheck. It is a site run by FINRA which is the commission that regulates investment advisors. On there you can see any past complaints or violations an Advisor or Licensed Private Banker has. Even small ones. It gives a good indication of who you're dealing with

@bkind4603 4 года назад

Great segment. Teaches a person to educate self about finances. Win-win over-all. Thanks💙

@paraminderdhanota9810 4 года назад

How come every Peggy, irl or in a show, is always a criminal😂😂😂😂

@bossbynature8188 4 года назад

Paraminder Dhanota not king of the hill tho shes wholesome and sweet hearted 🤣

@GodsSon222 4 года назад

Peggy Carter??

@paraminderdhanota9810 4 года назад

@@GodsSon222 ok chill I was kidding loool ik not every single one is a criminal

@GodsSon222 4 года назад

NNOO!! YOU TAKE IT BACK RIGHT NOW!!!!

@paraminderdhanota9810 4 года назад

@@GodsSon222 😂😂😂

@daddy152 4 года назад

Love this show and this was awesome content

@chubphucka 4 года назад

Most athletes loose their money by investing in things they know absolutely nothing about - Why buy a restaurant when you never been to culinary school much less school of business? - Why start a record label when you know absolutely nothing about the music business? - The list goes on - Athletes hire people without checking their backgrounds - Not checking out their previous clients and business dealings - Athletes also hire family which is a big mistake - Most black athletes would rather put a "Brotha" or "Sista" in control over their money thinking they wont do them wrong just because their the same race - Big mistake

@Lordandmaster26 4 года назад

BBB, lavar friend took millions from lonzo

@sphere5282 4 года назад

and you really think lavar is intelligent, especially when it comes to money?

@carllandis6312 4 года назад

Lavar takes from Lonzo too because he's a blood sucking leech who exploits his own kids for his own financial gain.

@semi6544 4 года назад

@Remington Steele -- The guy stole 1.5 million dollars from Lonzo through BBB. The issue is the guy previously served prison time for fraud and was still hired as an adviser and given a 16% stake in BBB.

@mikey7267 4 года назад

Lavar didn't check the guy's background. The guy went to prison for fraud and that's who you trust to handle the money, 😂😂😂

@lanreakerele4375 4 года назад

I remember the weird time when Dennis Rodman wore a wedding dress and wanted to get married to himself. Funny but weird at the same time!!!😄

@heroball8444 4 года назад

I don’t think anyone has ever accused Dennis Rodman of being smart 😂😂

@maurice2014 4 года назад

He's smart. There it is.

@stargellwilliams1311 4 года назад

Watch over your own money,you dont need somebody for that,crazy.

@jaskaranmultani9477 4 года назад

Jalen is an amazing analyst

@diddy2612 4 года назад

If you can’t just pay your own bills as a grown man something is wrong with you. I’m not paying somebody to pay my bills for me. Nobody touching my money except me

@reignmkr64 4 года назад

ANy honest and reputable FA will suggest to their client to have their work audited by a third party of the client's choosing. However, this sort of thing happens to people from all walk of life. It's just that it makes for better headlines when celebrities are the victims. Watch American Greed on CNBC. That will sober you up!

@christopherosby1 4 года назад

Very true. Look at music, back in the day, Artist had to rely on companies to market and create their music, plus get people to listen to it. Now artist can create their own music, upload it to social media outlets and get their music heard and go independent without a record deal. Point in case....Soulja boy

@jondavis2206 4 года назад

I wasn't a big fan of the fab 5. But I do like these guys, they seem to be awesome men. So proud of the men they have grown to be.

@georgemills9035 4 года назад

Get rid of agents in the game..why do players need agents, can they not managed their own livelihood.

@blue-phoenix115 4 года назад

Jalen getting scammed by Molly to marry down and furthering her career

@JudaMetalMaiden 4 года назад

😂😂

@claytonpedro9770 4 года назад

😆😆

@awman42 4 года назад

He married her right after she was caught with another man. 🤦‍♂️

@SickPillow 4 года назад

People have been scamming other people since the dawn of time. You are crazy thinking NBA players are going to "know" things now, because there were a few scamming incidents in the news.

@mr.basketball4238 4 года назад

We should sway young athletes going to college to major in finance if their going to the professional level. It helps when you can understand bank statements and tax brackets.

@Sheisneika0976 2 года назад

Shot out to the Jackson 5 photo behind jalen

@leebrown5758 4 года назад

What Jalen is trying to say is that people that don't blow their money that are very smart with their money will not lose their money people that want to be idiots want to go on shopping sprees and stuff like that they'll lose their money but smart people who don't waste their money will not lose their money just investing in bad situations because they have too much information now

@navegrove1370 4 года назад

Business Mathematics is a 100 level course these guys could take at a community college.

@ronwhiteleo3352 4 года назад

there is absolutely no need to pay someone else to pay your bills.... that is stupid..

@dmac5472 4 года назад

Athletes have to empower themselves w knowledge as best as they can. Even when they hire folks. Atleast they will be able to monitor things that the ppl they hire are doing.This also shows that ppl w fancy titles and degrees can also be unscrupulous and take advantage of athletes. Not just the "street agents" and "uncles"

@MrYoung11 4 года назад

It’s called autopay

@terrytitus6945 2 года назад

It's your money,you should know what's going on with it,like a doctor,a financial advisor should be able to direct you on the right path!

@BigMoonShot 4 года назад

Bruh this will always happen. Human emotions not going nowhere.

@moneycologne 4 года назад

The best outline & hairline in the game.

@byronkennedy7203 4 года назад

Take the time to manage your own money.

@noheader Год назад

I don't understand whardy athletes can't balance thier money like normal people. It's not that hard . You just have to apply yourself. You have more tools now than ever. Why pay someone to pay your bills when you can do it yourself.

@genius179 4 года назад

Bring back the bat

@Surprise623er 4 года назад

Jalen, how are athletes smarter when most dont even want to go to college? This will not stop, it'll get worse.

@djcity1 4 года назад

Welcome to the real world Jalen.. everyone pays their own bills here...

@Prakash_4444 4 года назад

Jalen got scammed by Kobe 🤣🤣🤣

@dimitrijetucovic1307 4 года назад

That's a compliment bro, not an insult. Kobe's done way worse things to way better players.

@Prakash_4444 4 года назад

@@Zenigundam bruh I was talking about the game 🤣🤣🤣

@cp_digital 4 года назад

Zenigundam Kobe threw hands with Shaq as a rookie bc Shaq tried to haze him and he wasn't having it. He also shot and made 2 free throws with a torn Achilles tendon, go look at how boogie cousins and Richard Sherman reacted after tearing their Achilles tendon and get back to me

@ctnative203 4 года назад

CP ARCHIVE lol what does that have to do with getting punched in the face and thrown on a scorers table

@k.johnson2722 4 года назад

ill always be an expert at counting my own money.

@jamesb.hallmd9899 4 года назад

It wont go away, Jalen. Young men(testosterone) with lots and lots and lots of money seem to get a little arrogant or should I say feel invincible. This makes them think that a $682,000 check every 2 weeks will never go away!!!

@jasonjones2137 4 года назад

Just control your own $. Stop trying to live rich. Business first n everything next. Stop going off the title "expert". Its just a title.

@jarethcruz2627 4 года назад

Money is the root of all evil.

@maurice2014 4 года назад

But a great measure of hustle..

@laffayette15madrid 4 года назад

Wrong. Its the love for money is the root of all evil

@davidstarks3308 4 года назад

Laffayette Haughton Right

@nicholaswilliams1675 4 года назад

@@laffayette15madrid Finally someone got it right. Scripture

@gunnyusmc89 4 года назад

Speak jalen

@fredricklee 4 года назад

Never cede total control of your money.

@wmoore004 4 года назад

With all the names she scammed.... Why use Rodman as a thumbnail? Hmmm. SMART...

@paulstacuan3114 4 года назад

So in college they don't have any business classes?

@1Tdadon 4 года назад

paul stacuan in college they don’t go to class silly goose

@TerrenceCheek 4 года назад

That stuff trips me out, you have guys more paranoid about family members and friends coming out the woods, but they’ll let some stranger with a degree 📜 have power of attorney over there bread! An not think twice about it, like Rose 🌹 said the information is out here now, if people nowadays are getting their money mismanaged it’s just fate, lol’s! 🤔☕️❤️👍🏻🛎‼️

@kaydee1485 4 года назад

its not fate, its psychology, most people trust titles and names, it makes the person sound smarter, more professional and under some type of regulation so they think they're the people to trust. its the same as keeping your money in a bank, people think its secure because they feel its a corporate body that is under guidelines and regulation, but most people dont really know how and even if their money is really protected.

@Mastermayham 3 года назад

When u have no money u anit got no friends beware😎

@Rutisija 4 года назад

America is ruled by lawers! Learn to use your money wisely, safe for the rainy days... And think about living your whole life with your money

@davidstarks3308 4 года назад

Solid Farmer - I build FS farms Easy said than done and it will never happen...

@alphabanks 4 года назад

I don't get why you would need someone to pay your recurring bills. How much effort does it take to do online bill pay with your bank or configure auto pay on a credit card. Also you may not be an expert in the stock market but you need to have a level of basic understanding knowing just knowing the basics will allow you to know when something is not correct. You should never give anyone power of attorney.

@anthonynorman7545 4 года назад

You're judging athletes of the 80s and 90s by the options of today. The amount of knowledge a person has and has access to the internet is vastly more than what they had access too.

@iaspireothers 4 года назад

So basically.... Keep it simple Dont blow it Watch your money

@localone1597 2 года назад

There will always be athletes taken advantage of. Just like you would think the young athletes wouldn't get in these groupie traps and having babies when they hear about the athletes before them. Most will just never pay attention until its too late. However its not just this woman's fault with Rodman. When he played there were always stories of him out in Vegas and other places partying just throwing money away like it was no big deal. You knew he was gonna end up broke. He didn't respect the money he was making.

@JordanSmith-xn2nc 4 года назад

What happened to Serena and coc gauff ESPN?

@leetraviusmckay2919 4 года назад

simple athletes need to stop trusting scam artists with their money and read their contracts

@Martin-Querns 4 года назад

You need to stop stealing comments for likes. Is it really that hard to come up with your own comments 🤔

@maurice2014 4 года назад

@@Martin-Querns is that such a unique comment that no one else could possibly think the same? "Stealing" is a too strong a word lol

@Martin-Querns 4 года назад

@@maurice2014 he do it on every video

@kojo0711 10 месяцев назад

4:15

@jmatyasik1 4 года назад

Online payments....autopay. apple pay...Lol

@MarloStringerBell 4 года назад

🆓 Game 📚✍🏽

@TrakSpock1 4 года назад

Jalen Rose was scammed by his current wife, he just doesn't know yet. But, when she says "can we shift gears for a minute", he will know then!

@crosscounty24 4 года назад

You are reaching

@leebrown5758 4 года назад

American greed

@coolmoe3289 4 года назад

Ever heard the story of Big Baller Brand??? No Jalen these stories will not go away.. This is Capitalism at it's best .. 👍🏿👍🏿

@teefersteef9970 4 года назад

Jalen stop

@b.jones3620 4 года назад

It's sad that most of these athletes don't know how to balance a checkbook. Manage your own money. If these athletes never finish college at least take a finance or business course at least they will learn the basic of checks and balances. Also ask the owners,coaches, former college coaches or veteran teams how are they managing their money. There's someone out there that's willing to help without trying to rip them off.

@arasndunyas1330 4 года назад

47 like bizden başarılar dileriz 😀😃😄

@leebrown5758 4 года назад

Athletes only have 4 years to make money broadcasters broadcast for 40 and 50 years look at the players that went to Great universities Elton brand tracing Landing Grant Hill all those guys are still wealthy because they had a great education and they were surrounded by generational wealth