Charles Barkely's $400,000 Gambling Debt

Call him the Round Mound of Double Down. Cool Hand Chuck. Sir Charge. That in itself wouldn't be a particularly big story, but then he went seven months without paying it back. In this Barkley is not alone. Lots of Americans have failed to make payments on $400,000 debts over the last seven months. Only in almost all of those cases the debt in question has been a mortgage.

But Barkley's $400,000 I.O.U. isn't being held by Chase Home Finance. And he hasn't been victimized by the subprime lending scandal. The money is owed to Vegas casino mogul Steve Wynn. And even the billionaire Wynn, who famously laughed off putting his elbow through his own $139 million Picasso, might notice 400 grand if it's missing long enough.

The embarrassing news that the Clark County District Attorney's Office would be issuing a criminal complaint if Barkley did not make good on the markers he obtained last October prompted Sir Charles to announce, "I'm not broke."...More?

source: msn.foxsports.com