Former football star Roberto Carlos faces bankruptcy after losing his fortune

Former Brazilian football star Roberto Carlos is reportedly on the brink of bankruptcy after losing 99 percent of his fortune. According to reports from the Daily Mail, the 53-year-old athlete, who concluded his 25-year career in 2016, had amassed approximately 165 million euros, largely due to his tenure at Real Madrid from 1996 to 2007.

Carlos revealed that his financial decline was the result of a long-term fraudulent scheme orchestrated by his former agents in collusion with members of his own family. The player stated that he only recently discovered the extent of this decade-long manipulation of his assets. The former defender has officially initiated legal proceedings to address the situation and seek justice for the substantial loss of his earnings.

This development follows the conclusion of a highly decorated career that saw Carlos become one of the most recognizable figures in global football. The legal investigation is currently ongoing as the athlete attempts to recover the assets that were siphoned off through the alleged scheme.