Who Took Melo's Money?

August 18 2009, 11:31 AM

anthony-carmelo_2Carmelo Anthony is alleging that his former business manager, Larry W. Harmon, took about $1.75 million and transferred it to a company formed by Harmon in 2008. Another $265,500 was also discovered to have been invested with third parties without Anthony's knowledge or consent between 2005 and 2008, according to The Associated Press. He's suing Harmon for $2 million, plus punitive damages. Harmon wouldn't comment on the allegations and claimed not to know about the lawsuit. The discrepancies were apparently discovered when Anthony's new financial management team began to look through the books and found significant documents missing and portions of the records miscoded to hide the scheme. Anthony's entering the fourth year of a five-year, $80 million contract he signed in 2006. A recent Sports Illustrated feature called the "Fortunate 50," which documented the 50 highest-paid athletes in America in 2008, put Anthony at No. 25, with $14.4 million in salary and $5 million in endorsements. I might have a hard time keeping track of all that coin, too.