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NHL Star Jack Johnson Declares Bankruptcy After His Parents Squandered His Millions

December 4, 2014 • By

 Jack Johnson

  • NHL star Jack Johnson made his parents his financial advisers in 2008, and signed over control of his money to his mother in 2011
  • The parents of the Columbus Blue Jackets defenseman then spent his money on cars, travel and a new loan
  • Johnson’s parents also took out non-conventional loans, and defaulted on them
  • The loans included one for $2million, with an interest rate of 12 percent, and one for $3 million, with an interest rate of 24 percent
  • Now, Johnson is bankrupt and still owes $10million or more to debtors 

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