Originally written on BlackSportsOnline  |  Last updated 10/17/14

CANTON, OH - AUGUST 8: Terrell Owens and Chad Ochocinco of the Cincinnati Bengals look on against the Dallas Cowboys during the 2010 Pro Football Hall of Fame Game at the Pro Football Hall of Fame Field at Fawcett Stadium on August 8, 2010 in Canton, Ohio. (Photo by Joe Robbins/Getty Images)
There is a big difference between giving bad advice and stealing money. T.O. will have to prove the latter in court. Yahoo Sports details the accusations T.O. is making in his lawsuit against Jeff Rubin and his financial firm (Pro Sports Financial). • That PSF opened an account at Florida-based Bank Atlantic without his knowledge or authorization. • That Owens’ signature on that account was forged. • That PSF employee Tequilla Harris and others made “numerous unusual and extraordinary withdrawals” from that account without Owens’ authorization. • That PSF made “unauthorized loans and or funds transfers” to other PSF clients who held accounts at Bank Atlantic, including former NFL player Jevon Kearse and another Rubin-controlled company, Pankas Holdings. • That PSF, Rubin and others introduced him to “illegal and highly risky investments” such as a failed casino project in Alabama without properly researching the investments or providing ample risk and assessment disclosures. • That PSF, Rubin and others failed to follow NFL Players Association regulations on investments. • That Bank Atlantic aided and abetted PSF, Rubin and others in mismanaging Owens’ finances by allowing an account to be opened and managed in the player’s name without his consent. If any of that is true, T.O. has a case, but it also points out that he wasn’t paying enough attention to his money.  That is a lesson all young athletes should learn.  Always know what is going on with your money.
MORE FROM YARDBARKER

Michigan QB talks about racist messages he receives

Giants dethrone Royals in Game 1 of World Series

Devils winger sends zinger about nasty facial cuts

Wife of Royals pitcher leaves World Series ticket as tip

Report: Chandler Jones to miss a month with hip injury

Lance Briggs left Bears' locker room to avoid the fighting

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Could the Seahawks have gotten more for Percy Harvin?

Five storylines to watch in the 2014 World Series

Favre delays Lambeau return due to Bart Starr’s health

Cowboys release Michael Sam from practice squad

Fan in critical condition after being beaten before Bears game

Ben Roethlisberger rips the media

WATCH: Arkansas St. RB scores improbable touchdown

Royals fans sleeping during Game 1 loss at World Series

Matt Flynn had a blast at Pearl Jam concert

Report: Back injury could end Nathan Horton's career

Report: Ray Rice files grievance against Ravens

UEFA Champions League midway report: Groups E – H

PHOTO: Fans place Manning’s 509 football in Hall of Fame

Jets sign Jeremy Kerley to $16M 4-year extension

10 teams that should try to trade for Yoenis Cespedes

Lego stadiums: turning a childhood hobby into a business

Bayless: Kobe's sexual assault trial gave him 'edge' and 'sizzle'

Blackhawks make leukemia patient's dream come true

Titans News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

Pitcher's wife leaves generous tip

Nicklaus defends Jameis Winston

NFL players who could be traded by the deadline

Royals fans sleeping during Game 1

Rice files grievance against Ravens

UEFA Champions League midway report

Cowboys release Michael Sam

Bayless: Kobe's sexual assault trial gave him 'edge'

10 teams that should try to trade for Yoenis Cespedes

Five storylines to watch in the 2014 World Series

Ben Roethlisberger rips media

NFL Power Rankings Week 7

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.