The ex-wife of late NBA star Lorenzen Wright is under fire for spending $973K of a $1 million insurance payout in just 10 months. Lorenzen Wright was murdered in 2010 and the case remains unsolved. The whole case is just crazy to me. I talked to a few people that do think her spending habits are bananas (including myself), but there are others that think it’s easy and possible. Check out what she spent the money on & let us know what you think.
*PHOTOS ABOVE IN GALLERY*
According to DailyMail:
The ex-wife of NBA star Lorenzen Wright, who was murdered in mysterious circumstances in 2010, has spent almost all of the $1 million life insurance policy he took out on himself six months before his death.
Court documents revealed this week in Shelby County, Tennessee, reveal how Sherra Wright, 41, lavishly spent $973,000 of the settlement within 10 months of receiving it – even though the money was designated to support the couple’s six children.
The fast and furious spree included $11,750 for a trip to New York, $69,000 on furniture and a $7,100 deposit on a swimming pool – causing a legal battle to be set off this week between Wright and her father-in-law over what’s left in the estate of the Memphis basketball legend – who earned more than $55 million during his career.
Records show that Sherra spent $32,000 on a Cadillac Escalade, $339,000 to buy and improve a new house, $5,000 for lawn equipment, $180,000 in property expenses, $2,273 on ‘spring outfits for girls’ and almost $2,000 on birthday party and gifts for ‘Lorenzen Jr.’
The spending report has triggered Lorenzen’s father, Herb Wright, to launch a legal battle for control of his grandchildren’s inheritance.
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