What would you do if your financial adviser turned out to be a total fraud and made you lose $20 thousand? Now, what would you do if that same financial adviser made you lose $20 million instead? One can only imagine that almost anyone would be livid if such a thing were to occur. But there is one man who apparently doesn't care about such "trivialities": Tim Duncan, according to theScore.
To the common man, $20 million is far more than what they would ever hope to see in their lifetime, but to Tim Duncan, who has earned over $220 million throughout his career and over $10 million in the past season alone, it truly is trivial.
Duncan is now suing Charles Banks, who served as his former financial adviser, over a faulty investment, Bloomberg reported. Banks hid his own interest in investment opportunities recommended to Duncan, and the losses were eventually discovered after an audit of Duncan's fiduciary state as part of his divorce. In other words, Duncan lost money on his investment.
According to Duncan, this won't impact his bottom line, which isn't all too surprising.
"This is a big chunk, but it's not going to change my life in any way," he said. "It's not going to make any decisions for me."
With his potential retirement coming this summer, it's good to see that he will be able to end his career on a good note.
