Chris Pronger details shocking robbery of former teammate
Unfortunately, these things happen more often than people realize.
Professional athletes are fortunate to make life-changing money that often sets themselves and their families up for life. But there are often occasions when they trust the wrong people or get taken advantage of, with notable examples being Sergei Fedorov and Jack Johnson.
Former St. Louis Blues captain and Hall of Fame defenseman Chris Pronger recently shared a story of his former teammate Tyson Nash, who had most of his career earnings embezzled away by his financial manager.
“There was another one, Tyson Nash. You've probably never heard of it, I didn't know it either until he told me. He was incredibly embarrassed. His fund manager embezzled money from his bank account, stole money directly from his account. He thought he had more money than he actually did. He became depressed, not knowing what to do until his lovely wife Kathy shook him a bit and made him react,” Pronger said.
“He had a nice little nest egg of $2 million that he probably would have counted on and put to good use to live a comfortable life. Instead, I think he said he had $200,000 left in his bank account,” Pronger said.
The good news is that Nash and his wife have rebounded from what was an incredibly difficult situation and are doing well now.
“He did wonders, sold that business and the rest is Nash history,” Pronger said. “They are doing incredibly well, are very successful and have now figured out how to do business, bringing that determination and perseverance and toughness that he had while playing, and applied it to the business world. He and his wife are doing incredibly well and they are very proud of themselves.”
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