Tyrone Gilliams Net Worth
If you are a fan of reality television shows, then you may have heard about Tyrone Gilliams. He is the ex-boyfriend of RHOA star Sheree Whitfield. They were dating for about eight months before Sheree discovered that Gilliams had been arrested on federal charges for fraud. After spending eight years in prison, he was released in 2022. The former basketball player has recently married and has two young kids. However, he has not been too thrilled with being filmed by Bravo.
As a teenager, Tyrone played basketball at the University of Pennsylvania. His father is a minister in Philadelphia. In the late 1990s, Tyrone decided to become a pastor. At this time, he was obsessed with money. One of his dreams was to be a millionaire. So, he posed as a commodities trader to convince investors to invest in his business. Once he got the money, he went on to spend it on extravagant get-aways and extravagance events. This led to a five-year investigation into his actions.
When he was first accused of stealing $5 million, he went on to plead guilty to fraud charges and was sentenced to ten years in prison. Although he was sentenced to a term, the case was reopened after a federal appeal, resulting in an additional eight year prison term for him.
Before his arrest in October 2011, Gilliams was a well-known figure as an “Ivy League scam artist” who had been collecting millions of dollars from investors to promote rappers and a gospel concert. He even spent $1 million on an event called Joy to the World. It was held at the Ritz-Carlton in Philadelphia. Professional athletes and celebrities were also in attendance.
However, after his arrest, Gilliams began promoting a new venture – a commodities trading firm he co-founded with TL Gulluams. The business was eventually found to be a ponzi scheme, which led to the losses of investors. There were several other accusations against Gilliams, including wire extortion.
Before he was arrested, Gilliams had a net worth of more than $1 million. As of 2022, however, his estimated wealth is around $1 million.
Sheree Whitfield has also been dating the former basketball player. While she was a member of the Real Housewives of Atlanta, she thought he was the one. Despite their long-distance relationship, they began spending more time together after February 2021. But when he was arrested, he didn’t tell her. That led to a brief break-up. During their time together, they shared a lot of close moments.
As a result, it’s hard to estimate Tyrone’s net worth. The former basketball player has never been publicly re-disclosed his financial situation. Currently, his estimated income is $9 million.
Tyrone Gilliams is scheduled to be released from prison on November 14, 2022. However, he is currently serving a 10-year sentence for a wire fraud scheme. Despite his imprisonment, he remains active in the world of sports. He has previously played basketball for the University of Pennsylvania and Penn State.