Friday, August 19, 2011

SOUTH FLORIDA: Former NBA basketball star Scottie Pippen Had An Airplane Company Called Air Pip; Wins Lawsuit.

Former NBA basketball star Scottie Pippen has won a $2.37 million judgment against a Miami businessman, Craig Frost, and a Miami company, CF Air.

Pippen, who has a home in Fort Lauderdale, and his wife, Larsa Pippen, filed suit against Frost in 2007 regarding Pippen’s disastrous ownership of his own airplane through a company called Air Pip.

The St. Louis Post-Dispatch reported that Air Pip had fallen apart in 2004, and Pippen lost a related $5 million judgment in Missouri to U.S. Bank U.S. Bank Latest from The Business Journals Top Deals of 2010: 0 million to millionMost metro banks in black so farFinance pros examine fallout from economic upheavals Follow this company . Pippen lost a further appeal of that judgment in 2007.

Pippen tried to argue that he was a victim of a conspiracy by those he trusted to put together the airplane deal.
Read More:   http://www.bizjournals.com

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