Saturday, September 29, 2007

Michael Vick Sued By 2nd Bank


An Indiana bank sued suspended Atlanta Falcons quarterback Michael Vick for not repaying loans involving a car rental business. 1st Source Bank of South Bend said in a federal lawsuit it suffered damages of at least $2 million because Vick and Divine Seven LLC of Atlanta had refused to pay for the vehicles. The lawsuit seeks unspecified damages. Last week, the Royal Bank of Canada sued Vick in federal court in Virginia for more than $2.3 million that it said he had planned to use for real estate investments...


Vick signed loan agreements as the chief financial officer of Divine Seven, which bought at least 130 vehicles, including many Kia Spectra and Ford Taurus cars, through 1st Source Bank loans, according to documents filed in U.S. District Court in South Bend on Wednesday.


According to the lawsuit, 1st Source Bank made a written demand for payment Aug. 24, but Vick and Divine Seven have "failed and refused to pay." The bank has been able to repossess most of the cars, which will limit Vick's financial liability in the lawsuit, said John Griffith, the corporate counsel for 1st Source Bank. The lawsuit said Vick and the company agreed to their first loans with the bank in January, about three months before authorities began investigating his involvement in a Virginia dogfighting operation.

11 comments:

Safari said...

He should just declare bankruptcy. It's like people are trying to push him into suicide. I was all over him for dog fighting but all this is a bit much.

Anonymous said...

I hope he had some serious money invested or buried in his backyard cuz he is about to be FLAT BROKE

Anonymous said...

i can see he was trying to do something in the community but dam Mike pay ya bills.

The Second Sixty-Eight said...

All over some damn dogs. Where were the sensible people in his life? What? There weren't any? Yeah. I can see that...

Anonymous said...

When it rains it pours. I going to pray for the brother.

Anonymous said...

MAN, PEOPLE TRYING TO TAKE HIM STRAIGHT DOWN----
MY PASTOR SAID TODAY WHEN JESUS IS WITH YOU, CAN'T NOBODY GET IN THE WAY...
I THINK THAT MIKE WILL BE OKAY, EVEN THOUGH ALL THESE PEOPLE ARE KICKING WHILE HE'S DOWN...THE ONLY THING IS, I HOPE HE IS MENTALLY AND PHYSICALLY STRONG TO WEATHER THIS STORM...
I'M STILL WIT CHA, MIKE
PRAYING HARD FOR YOU....
PEACE

Anonymous said...

I hope Vick made some investments somewhere. Folks are seriously trying to make an example out of him.

Not to say he wasn't wrong, because he was, but dam, when it rains it pours.

BronxStateOfMind said...

So this story is just saying that if Vicky didnt get busted for the dog shit that his family snitched him out on he would have been in money trouble for 130 cars he "forgot" to make payments on?

If you got loot and the first thing you do is NOT hire a financial adviser or if you're not one yourself then dont stand opened mouth wondering where your money went.

Anonymous said...

i'm with anon 3:49!

how much can a brotha take, DAYUM! i know he dont wanna wake up in the morning! he better pray! cause thats the only one who can help him with all he got going on!

Anonymous said...

Was he a good guy? Does anyone even know that he was a nice person? WTF~~ he killed dogs, in my book that makes him a murderer.

9:26 talkin about he gone pray for Mike Vick, please. So he could run fast --- he aint no role model or social activist. Give me a break.

A Fool and his money are soon parted.

No Excuse.

Edwin said...

Buy Kamagra
Earn Google
Viagra Cialis
Cheap Kamagra
Cheap Viagra
Cheap Cialis
Make Money on Google
M65 Jacket
M65 Field Jacket
Airline Dog Carrier
Airline Dog Carriers
Viagra Cialis
Earn Google
Airline Dog Carrier
Airline Dog Carriers
Airline Approved Dog Carriers
ED Hardy Wholesale
Copy DVD Software
How to Send Fax
14k Yellow Gold
Redneck Costume

Post a Comment