Posted by Sabrina B. @gametimegirl

Scottie Pippen claims he’s been unfairly portrayed in the media as a walking financial disaster  and now he’s suing every media outlet that reported he went bankrupt … claiming he hasn’t been worth LESS than $40,000,000 in the last 10 years.

Pippen has filed a lawsuit against TONS of online media outlets — including CBSsports.com, CNBC.com, Arizona State University and more — claiming they all falsely reported the former Chicago Bulls star had gone belly up.

According to the docs, filed in federal court in Illinois and obtained by TMZ … Pippen claims, “It is a most foul libel indeed to be falsely accused of being bankrupt.”

The lawsuit continues, “Scottie never filed bankruptcy and indeed has a substantial net worth, which has not been less than approximately $40,000,000 in the last ten years.”

Pippen claims CNBC.com included him in an article titled, “15 Athletes Gone Bankrupt” … and CBSsports.com posted a photo of Pippen along with a story about NBA players and bankruptcy.

As for ASU — Pippen claims he was tagged as a person who had gone bankrupt in a law blog operated by the University.

Pippen claims each media outlet that besmirched his good name should fork over at least $1 MILLION in damages.

–TMZ