 After his professional baseball career ended, Richard returned to Louisiana and invested in some business ventures. He fell prey to an oil business scam, losing over $ 300,000 in the deal. A few years later, Richard paid $ 669,000 in a divorce settlement to ex-wife Carolyn. He married and divorced again, losing his suburban Houston home and most of his money. In 1989, Richard was drafted into the Senior Professional Baseball Association and played for the Orlando Juice but was cut from the team in preseason play. In the winter of 1994, Richard was homeless and destitute and lived under a highway overpass in Houston.
