NFL


Judge Orders Vick to Pay Bank $2.4M

By MICHAEL FELBERBAUM,
AP
Posted: 2008-05-09 00:52:07
RICHMOND, Va. (May 8) - A federal judge ordered imprisoned quarterback Michael Vick to repay more than $2.4 million to a Canadian bank for defaulting on a loan. The Royal Bank of Canada sued Vick in September, arguing his guilty plea to a federal dogfighting charge - and the resulting impact on his career - prevented him from repaying the loan.


According to the suit filed in U.S. District Court in Newport News, the loan's terms specify that any employment change negatively impacting Vick's income constitutes a default on the loan.

Vick is serving a 23-month prison sentence at the U.S. penitentiary in Leavenworth, Kan., after pleading guilty last year to bankrolling a dogfighting ring. He was subsequently suspended indefinitely without pay and lost all his major sponsors, including Nike. He also faces state charges related to dogfighting.

"The criminal charges, and resulting impact on the defendant's employment ... materially affect his ability to repay the term note," the bank said in the lawsuit.

The order Wednesday from U.S. Magistrate F. Bradford Stillman requires Vick to pay $2.4 million, plus $499 in interest per day, starting Sept. 19, 2007, and the bank's attorneys' fees and costs of $11,950 plus interest.

Vick's attorneys did not immediately return phone messages seeking comment.

After the plea, the Atlanta Falcons also tried to recover about $20 million in bonuses Vick earned from 2004 to 2007. But a federal judge held that Vick is entitled to keep all but $3.75 million of the money paid to him for playing football through the 2014 season.

A default judgment for $1.08 million also was entered in January against Vick and a business partner in a lawsuit brought by Wachovia Bank over a loan for an Atlanta-area wine shop and restaurant.



Copyright 2008 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press. All active hyperlinks have been inserted by AOL.
2008-05-08 18:15:51


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141 comments

khelama 08:05:56 PM May 09 2008

Piodave, quite a bit actually. Today is a day off and what I said scares the hell out of you because you have no real defense against truth. Let's not talk. The message is for black men. If you're not black you're free to ignore it. If you are you are also free to ignore it. That's the beauty of choice. You can choose to do or not. Problem is truth demands a confrontation by those in error. They NEED to prove the speaker is crazy so the message doesn't penetrate so deeply. It never works, of course. The truth always wins. Your days of rule are over if you are white. And that has to do with your destiny. Not any race.

khelama 08:00:27 PM May 09 2008

Thought I revisit a minute and find to my expectation, typical white reaction to the message that isn't directed at them but black men. This obsession with black intentions and hanging on the black mind would be amusing if it were not so pathetic. The very species who came off the ships committing genocide and systematically and methodically "removing" all who opposed them "from the planet" is terrified and justifiably so, that the same thing will happen to them. Notice how "Stan" did not address the message which was directed at black men, because it had no relevance to him. But he could not stand your destiny not including him or being in some form connected to him, so he had to make himself the center of focus. The victor the victim. The conqueror the conquered. And me and any black who does not make white people their focus of care a "radical racist who wants to remove them from the planet." never mind the messge is about fate and destiny. But those are not people he can attack. He

piodave2 06:58:02 PM May 09 2008

Khelama; You don't have much to do, do you!

stanlhawley03 04:54:26 PM May 09 2008

As the black radical racist khelama has stated, it is the blacks intention to remove the whites not only from the countries they inhabit, but like other terrorists who want Israel off the planet, they are going to see that all whites, including samshing your white children's skulls in like in Kuwait.

stanlhawley03 04:50:07 PM May 09 2008

There's never been an Affirmative Action White Candidate. From Washington to
Bush Jr. the Character of the man has been looked at, but not with the Muslim Manchurian Man Obama. He is a race healer, "RACIST, you didn't vote for Obama
your a Racist!" Liberals cann't talk without lies pouring out. Ask your leader Tom
Hanks, he said it best that Whites owed Obama the job, reverse racist.

khelama 04:44:24 PM May 09 2008

In closing, brothers, read the warning posted here and wake up. Stop arguing with white people. It is futile and unnecessary. A change is coming and soon. You need not be religious to see it or believe it. It is a cosmic law that cannot be changed. Come home to your roots and reeducate yourselves in the true knowledge of yourself. Everyone knows the power you have except you. Wake up and learn the source of that power and how to use it to free your mind which is the only prison you need to fear. Because of their crimes against the planet and mankind, white people will continue to decline in power and mind. Sad to say but the sun will destroy many of them. And others will be forced underground and out of daylight. Just as it was for them at the beginning. I pray for them. They have no idea what awaits them and would not believe if told. But YOU black race must wake up. Peace and out.

oskar302 04:36:38 PM May 09 2008

oskar302-enough with the race card-nobody owes anybody anything-,spend your energy doing instead of blaming,blacks and other minorities have it better than whites in lots of cases,due to affirmative action,social programs,etc-

oskar302 04:29:37 PM May 09 2008

oskar302
enough with the race card,if anything the blacks have it over the whites in all senses-blacks have it made by legislation(ie affirm action) and whine when Acts of God(Katrina) go against them(they think only they are affected)

khelama 04:27:33 PM May 09 2008

thanker92, if you are a black man and do not get it the message is not for you and we not take it any furthur. If you are white, why do you care? The message is not for you and we need not take it any furthur. If you are black and awake, the question is moot and never would have been asked. Find another life, yours is over for a variety of reasons. That is a prophecy. You need not believe or understand. And frankly it won't change anything. Communication over.

thanker92 04:22:17 PM May 09 2008

Khelama: Just when did "The ancestors" appoint you as their spokes-person? Are you paid? How do they contact you? E-mail? Or voices?????

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