After Blowing $100+ Million How Adrian Peterson is Trying to Get Some Back From Investment Firm, But They Are Saying It is His Fault He’s a Terrible Investor (Vids-Payday Loans-Court Docs)

Peterson is about $5 million in debt and it is one of the reason he can’t stop playing football. The fact he has made over $100 million in his career would leave you to believe it is impossible for that to happen, but it happens more often than you think especially to football players.

The Athletic has the story.

The likely future Hall of Famer is currently embroiled in arbitration with Morgan Stanley Wealth Management over a soured investment, sources said. Morgan Stanley confirmed the arbitration.

“We are defending against these claims, which we believe are without merit,” a spokesperson for Morgan Stanley Wealth Management wrote in an email. No other details were provided.

Peterson’s lawyer, Chase Carlson, declined to comment. Carlson, who represents athletes who allege they were defrauded, said in a statement July after The Athletic first reported a third lender had sued Peterson, “The truth behind Adrian Peterson’s current financial situation is more than is being reported at this time. Because of ongoing legal matters, I’m unable to go into detail. But I will say that this is yet another situation of an athlete trusting the wrong people and being taken advantage of by those he trusted. Adrian and his family look forward to sharing further details when appropriate.”

As for Peterson, the arbitration is the latest in a string of financial disputes. In 2018, DeAngelo Vehicle Service sued him for nonpayment before the sides agreed to stay the case in August 2019. The loan from DVS wasn’t the first for Peterson, nor the first he defaulted on. He used the $5.2 million from DVS to pay back a loan of nearly $3.2 million to Thrivest Specialty Funding and another $1.34 million to Crown Bank, according to court documents.

In 2018, a Minnesota court ordered Peterson to pay the final unpaid $600,000 to Crown Bank on a $2.4 million loan. And a Maryland judge declared last year that Peterson had to pay another creditor, Democracy Capital Corp., $2.4 million.

Peterson also admits to massive overspending on his part including a massive birthday party that included camels.

In the immortal words of Marshawn Lynch always be sure to take care of your chickens.

Flip the page for video of how Peterson lost all his cash and camel photos.

Robert Littal

Editor in Chief and Founder of BlackSportsOnline