How Ex-NFL WR T.J. Houshmandzadeh Lost $200K In Failed Weed Business
When people think about Cincinnati Bengals wide receivers from the past, Chad Ochocinco’s name is likely to come up first. Not many people seem to give the proper respect to his former teammate T.J. Houshmandzadeh, who also balled out next to him on the field.
Now away from the game, the former Bengals wideout was trying to make his money work for him and get a nice return on it, but instead, he found himself being tricked by a weed business after he dropped $200K on it.
Via TMZ Sports:
“Former Cincinnati Bengals star T.J. Houshmandzadeh claims he got bamboozled into fronting hundreds of thousands of dollars for a bogus weed business.
The retired WR filed suit against two men — Damien Marzett and John Wiegman — for allegedly convincing him to invest $200K into construction for their new dispensary under false pretenses.
In the docs obtained by TMZ Sports, T.J. claims Marzett and Wiegman approached him in 2015, trying to get him to fund a new weed club in L.A. … which they said would make hundreds of thousands of dollars a month.
He also claims they signed a contract to pay him back interest of $180K by Dec. 2017 if he floated them the dough.”
T.J. did his part, but he never received a dime back. He would later learn that they didn’t even have a license to operate a weed club in the state.
He is now asking a judge to make them hand over the $380K that he is owed. That cost is believed to cover the money he invested, as well as the money that was promised to him by December.
Houshmandzadeh finished his career with 627 catches, 7,237 yards receiving, and 44 touchdowns.