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Young Saints Star scammed out of $1 million for Caesars parking lot project, then found out the land was owned by the city of New Orleans and "never sold"

Young Saints Star scammed out of $1 million for Caesars parking lot project, then found out the land was owned by the city of New Orleans and "never sold"

New Orleans, September 12, 2025 – A shocking incident has rocked the NFL: Kelvin Banks Jr., a first-round rookie of the New Orleans Saints, reportedly lost nearly $1 million in a misguided investment during his debut season in the league.

According to sources, Banks Jr. was lured into a project to build a private parking lot near Caesars Superdome, with promises of “huge profits” due to the massive demand from fans on game days. The idea seemed plausible:

  • Tens of thousands of fans flock to downtown New Orleans for each game, making a “VIP” parking lot near the stadium sound like a goldmine.

  • The schemers painted an enticing picture: a spacious tailgate area, electric vehicle charging stations, and exclusive spots for season ticket holders.

  • Convinced, Banks Jr.—just 21 years old and fresh off signing a rookie contract worth over $27 million—poured $1 million into the project. But the truth soon unraveled:

    • The land is controlled by the city of New Orleans and was never for sale.

  • The company had no building permits, and its “project office” was merely a post office box.

  • When Banks Jr. tried to contact them, the “investors” had vanished without a trace.

  • Kelvin Banks Jr.

    Banks Jr. has sought help from lawyers and local police, but legal advisors say the complex legal process makes recovering the money nearly impossible. A teammate revealed Banks Jr.’s regret:

    “I thought I was being smart, planning for my future beyond football early on. They promised the money would double in just one seasons. I believed them and even bragged to my family. Now I’ve lost a million bucks—I should’ve just focused on the field.””

    Head coach kellen moore declined to delve into details but stressed:

    “We want our players fully focused on football, not getting tangled in risky ventures.”

    On social media, Saints fans quickly turned the incident into a meme. One viral comment read:

    “The Saints haven’t found their glory yet, but they’ve already lost a parking lot. Tough times in New Orleans.”

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