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Dennis Rodman alcoholic and broke, financial advisor says

Washington, Wed, 28 Mar 2012 ANI

Washington, Mar 28 (ANI): Dennis Rodman's financial advisor has said that the former NBA player is broke and his divorce case has put him "on a binge" like never before.

An Orange County court commissioner Tuesday told Rodman he faces a possible 20-day jail stint for contempt of court unless he comes up with 860,376 dollars in child and spousal support he owes his ex-wife by May 29, though it's likely he could get community service time instead, or have the charges dismissed.

"In all honesty, Dennis, although a very sweet person, is an alcoholic... His sickness impacts his ability to get work," the LA Times quoted his financial advisor, Peggy Williams, as saying.

When his third wife, Michelle, sued him for divorce in 2004, Rodman sold his oceanfront party pad in Newport Beach.

At the time, he listed his previous year's income as 570,000 dollars. He said he had 3.4 million dollars in property and 1.45 million dollars in stocks and bonds.

But, he said, maintaining his hard-charging lifestyle was costing him more than 31,000 dollars a month.

The couple has spent several years attempting to reconcile, but the marriage was dissolved a few weeks ago after Michelle petitioned the court again.

"This case, especially his wife filling for divorce, has put him on a binge that I have never seen before," Williams said.

She added that Rodman no longer has a job, savings or even a checking account.

Apart from other problems, the basketball player also has tax issues. He withdrew his NBA pension for pennies on the dollar to pay taxes owed to California and still owes 350,000 dollars in back taxes, according to Orange County court documents, though his lawyers says it should be substantially less. (ANI)


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