Malik Beasley is experiencing severe financial difficulties, facing a federal investigation for gambling activity during the 2023-24 NBA season. He has incurred substantial debts, including unpaid rent of over $20,000 and judgments from creditors like a celebrity barber and landlords. Previous legal actions include a lawsuit dismissed in March for failure to pay rent and another pending hearing. Despite outstanding debts, Beasley sought additional financial help from lenders, pledging his future NBA contracts as collateral. These troubles have reportedly persisted over several years, indicating a troubling financial history.
Malik Beasley reportedly used his own contracts as collateral to secure a loan due to severe financial issues, including unpaid rent and judgments against him.
Beasley was under federal investigation for suspicious gambling activity during the 2023-24 season, while playing for the Milwaukee Bucks.
He owes money to multiple creditors, including a dentist, a barber, and landlords, with lawsuits for unpaid rent amounting to over $20,000.
In 2022, Beasley was ordered to pay approximately $5.8 million to South River Capital, yet still engaged with other third-party lenders for financial advances.
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