[Schneed10]

I echo the sentiments that you have to be a moron to lose this much money.

I don't know about the rest of you guys but we covered basic budgeting and the differences between savings accounts, bonds, stocks, mutual funds, all that stuff in high school.

Every adult should know there are safe vehicles to park your money. Once you've "made it", where someone has given you millions to sign a contract to play football, you should be looking to protect that nest egg, not put it at risk.

Assessing risk is just a matter of basic common sense. Sure it happens to veterans and rookies alike but I still think you have to be an idiot to let it happen to you.