Damon Jones used Cavaliers championship ring as loan collateral years before FBI arrest

New York PostSaturday, November 1, 2025 at 2:39:35 PM
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Damon Jones used Cavaliers championship ring as loan collateral years before FBI arrest
Damon Jones, a former NBA player, has found himself in hot water after allegedly using his 2016 Cavaliers championship ring as collateral for a $10,000 loan. This shocking revelation comes just days before his arrest by the FBI, raising questions about his financial decisions and the lengths some individuals will go to in desperate times. The incident not only tarnishes Jones' legacy but also serves as a cautionary tale about the risks of using personal memorabilia for quick cash.
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