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Thursday, October 30, 2014

Stephon Marbury reportedly has lien filed against him over $20 million debt

Stephon MarburyStephon Marbury’s financial situation does not appear to be in a good place.

MediaTakeOut reports that one of Marbury’s creditors filed a lien against him in late May over the $20-plus million he owes them. They essentially plan to raid his home in order to collect.

From MTO’s report:

According to docs filed in Westchester County, NY …. the company New Freedom Ventures II filed a lien against Marbury over a debt he owes to them. The lien was filed on May 27th and states that they will be taking as collateral for the debt owed …. all fixtures & personal property inside his New York home in Purchase, NY … which he shares with his wife and Basketball Wives star Tasha Marbury.

The doc states that they will be taking all boilers, furnaces, radiators, sprinkler systems, air conditioning systems, sinks, gas and electric fixtures, window shades, plants, stoves, refrigerators, elevators, kitchen cabinets, appliances, medals of any kind, furniture, consumer goods, jewelry, paintings and other personal belongings … until the debt is paid off.

This is the latest in a long line of financial problems for Starbury. As of last year, Steph still owed his former chef $300,000 in hush money payments for their affair. In September, it was reported that Marbury was facing foreclosure on his NYC condo. He lost a home in LA to auction the year before. In January, he was being sued for not making payments on his Land Rover.

Marbury has been enjoying a successful second career in China and clearly doesn’t seem to care about his financial empire and credit score crumbling in America. What’s he going to do when it’s time to come home permanently?



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