Stephon Marbury Broke: Former NBA Star Owes $20 Million, May Lose Home

Stephon Marbury Broke: Former NBA Star Reportedly Owes $20 Million, May Lose Home

Stephon Marbury made close to $150 million over the course of his NBA career, but is now reportedly broke and staring down more than $20 million in debt.

Reports have surfaced that creditors are going after Marbury’s home in New York, seizing property in an attempt to recoup some of the debt he owes. Documents filed in Westchester, New York, reportedly show that a company called New Freedom Ventures II filed a lien against Marbury and are targeting all fixtures and personal property in his home.

MediaTakeOut reports:

The doc states that they will be taking all boilers, furnaces, radiators, sprinkler systems, air conditioning systems, sinks, gas and electric fixtures, window shades, plants, stoves, refrigerators, elevators, kitchen cabinets, appliances, medals of any kind, furniture, consumer goods, jewelry, paintings and other personal belongings… until the debt is paid off

Marbury lost a lawsuit over real estate last year… with a 16 mill judgement being slapped against him… which is just one of the many lawsuits he lost… and he owes millions to various creditors. It’s unclear which debtor Freedom Ventures is apart of but they aren’t playing around with the money owed.

This is not the first time that Stephon Marbury has run into money trouble. Last year reports emerged that he spent close to $1 million in hush money to keep mistress Thurayyah Mitchell quiet. Marbury reportedly paid off the personal chef in an attempt to keep both his wife and the New York Knicks, his employer at the time, from finding out about the relationship.

Back in 2012, U.S. Bank took Stephon Marbury to court alleging that he guaranteed seven figures worth of loans involving real estate deals, but failed to deliver. Marbury was the target of another lawsuit the previous year, with Wachovia/Wells Fargo suing him for more than $16 million.

Stephon Marbury still has a chance to make some of his fortune back. Though his NBA career has fizzled, Marbury has become one of the biggest stars in the Chinese Basketball Association, and in March led Beijing Ducks to the championship, his second title in the league.

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