Having been scammed of $27M, Dennis Rodman later got $220,000 in a reality show

Nithin Joseph | 10/11/2022
Having been scammed of $27M, Dennis Rodman later got $220,000 in a reality show

The Worm, Dennis Rodman hasn’t exactly had a normal life. He started off dirt poor, made millions in the NBA, spent it all lavishly, and now had close to nothing.

His eccentric personality and lifestyle are well-documented. As such, it’s not that surprising that Rodman found himself broke at one point.

However, it was later revealed that while he did spend his money irresponsibly, he wasn’t the only one spending it. After all, his former financial manager scammed him for $27 million.

Also Read: Dennis Rodman, Who Dated Lakers Owner Jeanie Buss, Once Openly Dissed Shaquille O’Neal and Kobe Bryant 

Dennis Rodman once lost millions of dollars in a scam involving his former financial advisor

In the early 2000s, Dennis Rodman was entering the twilight of his career. Having made millions, The Worm needed help managing his finances. It was here that he met Peggy Fulford.

The two established a strong relationship, with Fulford who was a financial manager for several athletes even being mentioned at Rodman’s Hall of Fame speech in 2011. Unfortunately, this friendship would prove to be Rodman’s downfall a year later.

In the years that followed, Dennis had numerous financial red flags pile up. To the point that he missed four months of child support payment, and had lapsed on a $5 million life insurance payment. At this point, he was called to court and his irresponsible spending was revealed.

However, there were a few payments that did not make any sense. Specifically a large charge to Victoria’s secret, a place he had never been to. It then came to light that Peggy who had taken control of Rodman’s bank account had been living lavishly off of it, stealing $27 million from him.

Rodman lost $27 million but made some of it back when he got $220,000 on a reality show

The Worm’s loss left him vulnerable. To the point where he was inconsolable almost every night. However, his nature also made for good television, even winning him $220,000 on the reality show, Celebrity Mole.

The show is one in which the contestants work as a group to add money to a pot that only one of them will eventually win. It isn’t much, but was a good start for The Worm.

Also Read: Dennis Rodman, Who Lost $200,000 For Kicking A Cameraman, Was Lambasted On ‘Surreal Life’ By Jada Pinkett Smith’s Ex Lover

Post Edited By: Adit Pujari
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About the author

Nithin Joseph

Nithin is a content writer at The SportsRush. Like his favorite athlete Kobe Bryant, the company has helped Nithin elevate his writing skills to a whole new level, especially as an NBA content writer. With over 1500 articles to his name, Nithin's love for the sport knows no bounds. And, as he continues to watch the sport on a daily basis, he hopes his fascination with the NBA, especially the Miami Heat will inspire more and more readers to give the sport a chance. Perhaps, one day making basketball in India as big as it is in the United States.

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