Investments by athletes have proven time and time again to be extremely bad for them, as many have gone broke because of them.
Former NFL offensive tackle Branden Albert saw an opportunity to cash in when he decided to invest $230K of his own money into a nail salon, but later found out his money was used for other things.
Now, he’s going to court to get his money back.
“Michelle Pooch, star of VH1’s Love & Hip Hop Miami, is being sued by a former football player who invested into her new business, a nail salon that also serves cocktails to the tunes of a live DJ.
Dailymail.com had exclusive access to the court file, and it shows former NFL tackle Branden Albert, one of the league’s most fearsome line players for eight years with the Kansas City Chiefs and Miami Dolphins, invested $230,000 into Pooch’s venture.
But with one of the nail salons recently opened in downtown Miami and another in the works for later this year in Miami Beach, the 33-year-old retired athlete is now suing to get his money back.
The lawsuit shows the reality TV star, whose real name is Michelle Janco, allegedly used Albert’s seed funds for things like her salary and a chauffeured car.
According to the lawsuit, Albert thought his investment would buy him 60 percent of the nascent company and he would be entitled to profits and consulted on major business decisions.”