NBA Legend Shaq Says 'I Like Seeing My Money' — Accountant Thought $250K Was Missing from Car Wash, But He Was Storing It In His Room…All Quarters
A $250,000 accounting problem usually means something went wrong. For NBA legend Shaquille O'Neal, it meant walking his accountant into the bedroom. The story comes from his 2011 autobiography "Shaq Uncut: My Story," where Shaq detailed one of his earliest business ventures after entering the NBA in 1992 with the Orlando Magic.
He invested in coin-operated car washes in Orlando, a steady cash business that produced large volumes of quarters. The Numbers Didn't Line Up The business was bringing i
A $250,000 accounting problem usually means something went wrong. For NBA legend Shaquille O'Neal , it meant walking his accountant into the bedroom. The story comes from his 2011 autobiography " Shaq Uncut: My Story, " where Shaq detailed one of his earliest business ventures after entering the NBA in 1992 with the Orlando Magic.
He invested in coin-operated car washes in Orlando, a steady cash business that produced large volumes of quarters. The Numbers Didn't Line Up The business was bringing in money, but the deposits told a different story. "We were doing really well, making a lot of money, but one day Lester called me up and told me the numbers weren't matching up," Shaq wrote.
"The profits we should have had were not the same numbers that were being deposited in the bank. " Don't Miss: A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Experts say these common ETF pitfalls can catch new investors off guard His accountant, Lester Knispel , saw a discrepancy that added up to roughly $250,000.