New York Mets

10 Star Athletes Who Excelled at Losing Millions

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.

Madoff Trustee Sues Owner of New York Mets

Irving Picard, the trustee charged with recovering assets on behalf of Bernie Madoff%u2019s 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. bankruptcy court in New York.