A few years ago, Vice Young was seen as one of the BRIGHTEST young NFL talents in the world. Now his career appears to be over – and he’s DEAD BROKE. What happened, you ask.
Well according to Vince Young, his money managers STOLE all his money. Here’s how it’s being reported by the AP: Young is suing his former agent, Major Adams, and a North Carolina financial planner, Ronnie Peoples, alleging that they misappropriated $5.5 million. In some instances, the pair forged his signature or impersonated him on the phone or in emails, according to the lawsuit, filed in Houston in June.
The suit was filed five days after a New York lender notified Young that a loan of nearly $1.9 million obtained in his name during the NFL lockout in 2011 was in default. Young is now seeking to stop the lender, Pro Player Funding LLC, from enforcing a judgment of nearly $1.7 million, claiming he wasn’t involved in obtaining the loan and that the proceeds went to Adams and Peoples. So what do his accountants have to say about it:
Peoples claims in the countersuit that every decision he made was approved by Keith Young [Vince’s UNCLE who worked as his manager).
And he calls Vince Young’s unwillingness to accept responsibility “a common occurrence … as (former Titans coach) Jeff Fisher, (Texas coach) Mack Brown, numerous NFL executives, coaches, teammates, scouts, girlfriends and illegitimate children will attest.”
via: MediaTakeOut
