<div class="quote_poster">Quote:</div><div class="quote_post">Nene, forced to defend himself last year against a lawsuit filed by his former business manager, has focused more on offense lately. The Denver Nuggets forward has accused Joe Santos of failing to fulfill his duties as manager and personal assistant and to keep adequate financial records. He also has said Santos diverted funds for personal use. The Brazilian big man claimed in a March lawsuit that while he earned more than $2 million a year and "thought his financial position was sound," he learned in January 2006 his net worth was actually in the red. After the startling discovery, he terminated his pact with Santos, according to the document. "A significant part of the money earned by Nene cannot be accounted for from records managed by Santos," the lawsuit in Denver District Court stated. Santos "categorically denies" the allegations, his lawyer, David TeSelle, wrote in an e-mail Tuesday, and has countered with slander claims against Nene. Santos' side has said that the contention he "stole money from him (and specifically that Santos stole over $1,000,000) has been well circulated in the NBA community and has caused Santos significant and material harm" and has "cut short" his dream of becoming an NBA agent one day. The ex-assistant, who worked for Nene between 2002 and 2006, made withdrawals or transferred money from Nene's Key Bank accounts "at the direction of" his employer, according to his response. The complaint was filed "to deceive the public into believing this case is about Nene suing Santos, when it actually is the other way around," TeSelle said. The story began when Santos claimed the 6-foot-11 player abruptly fired him and violated a contract they signed in 2005. Santos said Nene had agreed to pay him 6 percent of his annual revenue over a seven-year span. </div> Source: Rocky Mountain News
This is why it sucks not being able to manage your own finances, you give others an opprotunity to take advantage of the situation.
