Shaq & Dwyane Wade We Blew Millions On Dumb (Awesome) Stuff ... Learn From Our Mistakes!

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LEARNING THE ROPES
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Dwyane Wade and Shaquille O'Neal have a lot in common -- they both blew a FORTUNE when they were young ... and are hoping young people can learn from their stupid, expensive mistakes.

The NBA legends sat down with "Shark Tank" star Daymond John for Black Entrepreneurs Day -- to talk to young people about the importance of financial intelligence.

And man, if these stories don't get the point across ...

Shaq says he was so uneducated about finances when he signed his first endorsement deal after turning pro, he blew $1 MILLION in an HOUR -- splurging on expensive cars, jewelry and a trip to Vegas.

In fact, he went through so much cash, his bank manager pulled him aside and warned him that he was gonna go broke if he continued to spend like a maniac ... because he wasn't accounting for things like income tax, etc.

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Dwyane Wade tells a very similar story -- saying he got tangled up in some bad investments because he had no idea what he was doing.

"I blew through a lot of money," Wade said ... "I got into bad relationships with people from ... ventures outside of basketball, restaurant ventures, etc."

Wade says he simply wasn't educated when it came to finances -- and had to learn the hard way after being taken advantage of.

But now, both superstars are hoping their loss can be your gain -- stressing the importance of financial intelligence so young people spend their money wisely and make it last a very long time.

We totally get the point -- and they're both right (obviously) ... but that 60 minute million dollar spending spree sounds awesome!!

Daymond John Get Ready for Black Entrepreneurs Day ... $25,000 for Your Biz!!!

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CELEBRATING BLACK EXCELLENCE
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Daymond John is dropping knowledge and giving away money through a brand new venture he's cooking up, and he has a ton of celebs ready to inspire a new wave of entrepreneurs.

The "Shark Tank" star filled us in on his latest initiative called Black Entrepreneurs Day, telling us how folks can get $25,000 to help their small businesses.

It's pretty cool ... Daymond's got a dream team of celebs, who are also very successful business people. Shaquille O'Neal, Gabrielle Union, Jamie Foxx and LL Cool J will be with him to share experiences and advice in a series of one-on-one conversations.

Daymond and co. will be streaming live for Black Entrepreneurs Day on Oct. 24 and you can tune in and take notes on Facebook, Twitter, Twitch, LinkedIn, YouTube and TikTok.

Check out Tuesday's "TMZ Live" to see more from Daymond about how he put this huge event together -- and you can apply for one of the $25k grants starting today at blackentrepreneursday.com.

The winners will be announced at the inaugural Black Entrepreneurs Day.

Shark Tank's Barbara Corcoran Warns Patrick Mahomes ... You're a Financial Target!

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"He's gonna be a target. He's got a target on his back. Wait and see."

That's "Shark Tank" star Barbara Corcoran warning Patrick Mahomes that with giant fortune comes giant scammers trying to take your money!

But, if you know anything about Barbara, you know she's a gangster when it comes to finance ... and she's dishing out some sage advice for the QB so he can STAY RICH for the rest of his life.

So, what should the KC Chiefs QB do with the $500 mil he's expected to make over the next 12 years?

"First of all, it's not $500 million," Barbara says ... "Remember, he has an Uncle named Sam. He's gonna have to pay him $250 million so he really only has $250 million. Bear that in mind."

Corcoran explains, "The first thing he should do is put it in the bank. Not do a thing! I know because when I sold my business, every creep came out of the woodwork with a $10,000 problem. Everybody is after your money and you can't trust anybody."

Barbara says it took her at least a year to realize how to turn people down effectively -- and the key is to hire a "bad guy" to tell people "no."

"The most important thing is before he buys that big house and a big jet ... he's gotta figure out how much money he needs to live on."

"He's a kid but he's gonna live a lot of years! So for every $25 million he puts away, he's going to get a $1 million income for the rest of his life"

"He should figure out, I need $1 million? I need 2 million? I need 5 million? And put that money aside. That's what he's gotta do."

Corcoran says Patrick should spend some time with her "Shark Tank" pal Alex Rodriguez -- who has become a major real estate investor.

That's saying something considering A-Rod reportedly made more than $441 million in MLB contract money!

There's more ... Corcoran also has a business strategy for Patrick -- and it's pretty damn smart! Watch the video and if you have the money, you might wanna take her advice!!

She also offered this final warning to the 24-year-old NFL superstar ...

"Let me tell you something, the more money you make, the more creeps you attract. The more people dressed in fancy suits, and not some fancy suit, friends or family -- all come out and are after your money."

Congrats to Patrick -- but listen to B.C. and be careful out there!

'Shark Tank' Barbara Corcoran Bloomberg Would be a Great Prez ... Business Equals Leadership

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Michael Bloomberg's successful career in business would almost certainly translate to success in the White House ... so says Barbara Corcoran.

The "Shark Tank" star spoke to us Monday on "TMZ Live" and told us exactly why she thinks Bloomberg's incredible rise in the marketplace proves he's got the chops to lead the country. Watch ... she says guys like him are well-versed to be deft decision-makers.

Perhaps more importantly ... Barbara says Bloomberg knows how to solve problems.

One of the other notable things BC likes about MB ... the guy built his empire in an honest way, coming from nothing and amassing a 60-plus billion-dollar fortune. Barb says that's more than some politicians in office today can say -- *cough* Trump *cough,* perhaps?

Of course, Bloomberg's facing challenges along the campaign trail -- the biggest seems to be his past controversial comments about stop-and-frisk, which dog him to this day.

Still, Barbara's sending a strong message -- a full-blown endorsement -- for Bloomberg, whom she says she'd celebrate if he goes the distance this year.

Barbara Corcoran Not This Shark, Scammers!!! Gets Her $388k Back

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Take note, cyber crooks ... Barbara Corcoran is no easy win!!! Amazingly, The "Shark Tank" star has $388k back in her account, just 3 days after scammers managed to snatch it away.

Barbara tells TMZ the money was re-deposited into her NY bank account Friday, but she needed the help of a German bank to get it back. We broke the story, Barbara's bookkeeper had the wool pulled over her eyes by several hoax emails which instructed her to deposit $388,700.11 in an account in Berlin.

The scammers had used a German bank account because it was part of their cover story. You'll recall, their emails claimed the money was part of Barbara's investment into German apartments.

After we published our story, we're told the German bank got wind of the hoax, and froze the account before the money could be forwarded to Asia. Remember, Barbara's IT people traced the emails to a Chinese IP address.

Barbara tells us her NY bank was also involved in pressuring zee Germans, and she believes our story added to that pressure.

Bottom line is ... Barbara's bottom line is intact.

You've been warned, Nigerian princes -- Corcoran ain't the one!!!

Barbara Corcoran 'Shark' Gets Hooked for $380k In Email Phishing Scam

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"Shark Tank" star Barbara Corcoran is missing nearly $400,000 Wednesday morning after her office was victimized by email scammers who used a tiny typo to gain the upper hand.

The scam started last week when an email chain was forwarded to Barbara's bookkeeper, a woman named Christine. Folks on Barbara's team tell us the email appeared to have been sent from Barbara's executive assistant, Emily ... and it informed Christine she had the green light to pay $388,700.11 to a company called FFH Concept GmbH in Germany.

The problem is that email didn't really come from Emily.

The scammers changed Emily's email address by removing one letter, so they were the ones actually communicating with Christine ... who did ask the right questions. For instance, she asked what the money was for, and got an email back saying FFH was designing German apartment units in which Barbara had invested.

Great cover story because we're told Barbara really does invest in real estate, and FFH is a real company in Germany. Plus, all of this looks even more legit because it appears to be coming from Barbara's assistant.

Anyway, on Tuesday ... the bookkeeper fires off the wire payment to the account listed in the original email. Afterward, she emails Barbara's assistant, Emily -- at her real address -- and it's only then that Emily uncovers the scam. She noticed her address was altered on the previous chain of emails.

Unfortunately, the money is gone, but we're told Barbara's IT folks traced the original scam emails back to a Chinese IP address, and her attorneys are figuring out their next move.

Yes, even a Shark can get hooked by a phishing scam.

ATL Braves' Nick Markakis Astros Cheaters 'Need a Beating' Aaron Judge Unloads On Houston

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12:25 PM PT -- Aaron Judge is weighing in on the cheating scandal ... saying the Astros' 2017 World Series "wasn't earned" and he believes the title should be stripped.

"I just don't think it holds any value. You cheated and you didn't earn it."

Judge also believes the punishment was too light ... "I wasn't a fan of the punishment, I thought that was a little weak for a player-driven scheme"

Atlanta Braves outfielder Nick Markakis just went SCORCHED EARTH on the Houston Astros -- saying he feels the cheating players "needs a beating" for tarnishing the sport he loves.

"It's damaging to baseball," Markakis told WSB's Zach Klein ... "I feel like every single guy over there needs a beating."

Markakis also went off on MLB Commissioner Rob Manfred ... saying he should be "embarrassed of himself" for the way he handled the scandal.

This clip is straight fire -- and it seems like a BUNCH of MLB stars agree with him.

Mark Cuban is ripping Manfred as well -- essentially saying Rob's the laughingstock of pro sports for the way he's handled the Astros cheating scandal.

"Baseball is a mess right now," Cuban said Monday ... "and they have zero vision to see them out of it. I’m thankful they didn’t let me buy a team."

Cuban is clearly pointing out that players and fans are PISSED Manfred is refusing to punish individual players for their role in the cheating scandal that many believe helped Houston win the World Series in 2017.

In fact, people want Manfred to strip the Astros of their '17 title -- but Manfred ain't moving on that.

Everyone from Mike Trout to Justin Turner and Cody Bellinger has spoken out about the way Manfred is handling the issue.

For his part, Manfred says he promised immunity to players who participated in the MLB investigation.

Enter Cuban -- who famously tried (and was unsuccessful) in buying the Texas Rangers back in 2010 ... and now Mark thinks the failed attempt was a blessing in disguise.

Instead, Cuban can continue to focus on his other endeavors ... running the Dallas Mavericks and starring on "Shark Tank."

In case you need a refresher ... the MLB investigation found Astros players and staffers were involved in a complex scheme using cameras, spies and trash cans to alert batters to which pitches they were about to face.

Mike Trout -- the best player in baseball -- says the tip-off is a HUGE advantage to the hitters and creates a ridiculously unfair advantage.

Originally Published -- 7:43 AM PT

'Shark Tank' Contestant Sinks in $80k Ecstasy Bust

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A man who scored a $100,000 investment on "Shark Tank" might want to invest in a good lawyer, because he was just charged in a massive ecstasy bust.

Joseph Parisi was charged with 9 drug-related offenses after federal agents say he was caught getting ecstasy shipped to his Illinois home from the Netherlands. In total, officials say they seized over 600 grams of ecstasy, 7 grams of mushrooms, cocaine and 65 grams of weed.

The total estimated street value of the drugs is $80,000.

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Parisi and a partner secured a $100,000 investment from Barbara Corcoran for Guard Llama ... a security remote system for people who might be in life-threatening situations. Kevin O'Leary and Barbara battled with dueling offers before the deal was struck.

In total, Parisi was hit with 7 felonies -- including controlled substance trafficking and possession -- and 2 misdemeanors for the weed and drug paraphernalia.

Kevin O'Leary Accused by Family of Crash Victim ... Of Driving Boat While Impaired

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Kevin O'Leary insists his wife, Linda, was driving their boat when it slammed into another vessel on a Canadian lake, killing 2 people, but the family of one of the victims that is suing O'Leary isn't conceding Kevin wasn't behind the wheel.

TMZ has obtained a copy of the lawsuit filed by the family of Susanne Brito, listing Kevin, his wife, Linda, as well as the owner and operator of the boat Susanne was on.

The lawsuit claims both Kevin and Linda were driving the boat, although it never alleges who was behind the wheel at the time of the crash.

The claims against Kevin and Linda are mirror images. The lawsuit says both Kevin and Linda should have checked the other for driving too fast and that they both had a propensity for driving too fast. The lawsuit says the boat they were driving was deficient ... among other things, it didn't have a proper horn and it was not in good condition.

And, there's this ... the lawsuit claims both Kevin and Linda were incapable of safely operating their boat because their judgment was impaired by alcohol, drugs or fatigue.

The lawsuit goes on to claim both Kevin and Linda had poor vision and were prescribed glasses and they failed to wear them on the night in question.

The suit also says Kevin and Linda were texting and driving.

As we reported, Canadian authorities say Linda was driving and she was charged with operating the boat carelessly ... i.e., going too fast. The other driver was cited for operating his boat at 11:30 at night without navigation lights.

The lawsuit asks for $1 million in compensatory damages and $1 million in punitive damages. As for punitive damages, the lawsuit says Kevin and Linda "behaved with arrogance, high-handedness and have shown a callous disregard and complete lack of care."

We reached out to the O'Leary's lawyer ... so far, no word back.

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