He first filed for bankruptcy in 2012, claiming to have $4.2 million in assets and $50 million in debt. His lawyer, on the other hand, disputes the charges. He then claimed to have only $100 in cash and $55 in his bank account.
He spent $12 million on the Atlanta mansion and reported nearly $600,000 in IRS late fees, debts, and penalties. According to accounts, real estate is where he made 95% of his fortune.
