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Scottie Pippen Had An Airplane Company Called Air Pip; Wins Lawsuit

Many athletes struggle after their playing days to maintain their wealth. It is a time tested story of futility and caving to the pressures of the limelight. Also, athletes are dumb. Really dumb. So, many turn to investments elsewhere to keep their lavish lifestyle afloat. Like Scottie Pippen, who turned to the recession proof business of airplanes. Wait, what?

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

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Air Pip? Air Pip. Air Pip! How did I -- we -- not know this? This should have been known. Anyway, Scottie has been battling over this failed venture since 2004, losing a $5 million judgement to U.S. Bank. But fear not, Bulls fans, Pippen is making a comeback (legally speaking, not, like, basketball-wise).

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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.

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In 2010, widespread media covered a Cook County jury verdict for Pippen related to the deal: He won $2 million in a malpractice case against Chicago law firm Pedersen & Houpt. Pippen alleged the firm failed to closely monitor his plane purchase. Pippen originally sought $8 million in that case.

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Well, good for Pip. This is definitely a step up from selling his Beanie Baby collection.

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Twitter @ZWMartin