New York Mets

We learned last week that former NFL star Chris McAlister, a three-time Pro Bowler, is broke and living with his parents after just a year out of the league. But he's hardly the first sports icon to blow through the cash in a flash. In his honor, here are our 10 favorite professional asset-annihilating athletes.

Irving Picard, the trustee charged with recovering assets on behalf of Bernie Madoff's victims, sued the owner of The New York Mets. The suit against Sterling Equities, a real-estate developer, was sealed as the parties are currently in negotiations, CNN said. The suit was filed in U.S....

There was some doubt headed into Saturday's auction of Bernard Madoff's belongings. Strong interest was anticipated, though many thought the public was tired of the Madoff saga. The asking prices for his (former) Manhattan and Palm Beach homes had just been cut by 10% and 7%, respectively. Presale...

For all the people and institutions that lost tens of million of dollars investing with Bernie Madoff, a few had to make money. Someone had to be smart enough to take their gains and call it a day. It turns out that among the more intelligent Madoff investors, or at least the more fortunate, were...

Would you pay a premium to get the New York Mets season tickets once owned by Bernie Madoff? Apparently not.The Wall Street Journal reports (subscription required) that "Someone got a bargain with Bernard Madoff's New York Mets season tickets.The two seats in the Delta Club Gold section behind home...

I seriously wonder how much more ridiculous all of the "bailout madness" can get. Rarely does a day go by that I don't hear of some other facet of this money grab (financed by the little guys) that makes me livid. The latest is Citigroup's $400 million contract to name the New York Mets stadium.I...