Oscar Robertson has Fleece Lined Pockets - Allegedly!
Oscar Robertson, a celebrity to all basketball fans out there, allegedly fleeced a company he controlled of 90% of its funds, which he used for himself and his family. The money went on living, as well as on travel and entertainment.
Leo Kelly makes this astounding claim in a Federal lawsuit filed in Pennsylvania. Kelly claims he was in partnership with Robertson in the ex-basketball player's document management company. We are not told what documents they managed or how they managed them.
When the apparently upstanding Kelly complained about Robertson's extravagant use of company funds, he was fired.
But hang on - this can't be right, can it?
Robertson is the guy who changed the face of basketball forever, ironically in another lawsuit. The Oscar Robertson suit was an antitrust lawsuit filed by Robertson against the National Basketball Association. Filed in 1970, the lawsuit was settled in 1976 and resulted in the free agency rules now used in the NBA.
Also ironic is the fact that the University of Cincinnati honored the basket ball player last year, saying he was an entrepreneur and philanthropist.
Well, it seems he is certainly philanthropic in the eyes of his family.