It has become known that Charles Barkley, retired NBA star, owes a $400,000 gambling debt to a Las Vegas casino. As a result of the failure to repay four $100,000 casino loans received on October 18 and 19, 2007, Barkley has faced criminal charges. He admitted his fault saying that he had let the time lapse.
In case Barkley agrees to the standard district attorney’s office restitution program, he could be granted up to six months to pay the $400,000 plus a 10 percent program fee totaling $40,000. If the case remains unresolved, “as many as four felony theft or four felony bad check charges could be filed. The possible penalty for each theft conviction is 1 to 10 years in state prison. A conviction on a felony bad check charge could carry a one- to four-year term”.
Barkley has been gambling for 20 years, and he makes no secret of it. He is known to have gambled about $10 million over the years. Barkley admits that gambling is a bad habit, but he is not going to give up.