July 22nd, 2017
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#1
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Purveyor of Truth
Join Date: Jul 2017
Location: Dixie
Posts: 218
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OJ Simpson's Finances Under Scrutiny
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Orenthal James "O. J." Simpson was once worth millions of dollars at the height of his fame in the early 1990s, but he suffered financial struggles in the years following the controversial 1995 criminal trial in which he was acquitted of the murder of his ex-wife Nicole Brown and Ron Goldman.
Simpson's money troubles started after his acquittal. In February 1997, he was found guilty in an expensive wrongful death civil suit by the Goldman and Brown's families in February 1997 and was ordered to pay them $33.5 million.
According to an estimate by the website The Richest, Simpson is worth approximately $250,000. The figure is a relatively slim amount considering the football star was worth over $10 million in 1992 at the time of his divorce with his slain ex-wife...
...Simpson, who spent 11 seasons playing professional football, still has access to his NFL pension, which is an estimated $25,000 per month. He also can receive a Screen Actors Guild (SAG) pension, in which he invested $5 million years ago, according to a friend Tom Scotto from an interview Sunday with USA Today.
The 70-year-old has been held in Lovelock Correctional Center since 2008...
...Darren Rovell of ESPN calculated that Simpson still collects NFL pension checks that add up to over $600,000 accrued while the former football star was in jail.
In a 2014 interview with CNBC, Goldman's sister, Kim Goldman, said the family has collected less than 1 percent of the judgment.
Simpson defaulted in 1997 on the mortgage of his Brentwood estate in Los Angeles, which was then foreclosed by Hawthorne Savings Bank who bought the house for $2.6 million dollars. The bank then sold the house for nearly $4 million to before the new owner demolishing it.
He also sold his Florida estate in June 2014 for $655,000, according to a report in the Daily Mail.... More
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BELOW: O.J. Simpson watches his former defense attorney Yale Galanter testify during an evidentiary hearing in Clark County District Court on May 17, 2013 in Las Vegas, Nevada. Simpson, who is currently serving a nine-to-33-year sentence in state prison as a result of his October 2008 conviction for armed robbery and kidnapping charges, is using a writ of habeas corpus to seek a new trial, claiming he had such bad representation that his conviction should be reversed.
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