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Vince Young out of NFL, out of money

Panthers128

By Panthers128,
in Carolina Panthers

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Panthers128 Newbie

Panthers128

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http://msn.foxsports.com/nfl/story/vince-young-no-team-out-of-money-091912/?ocid=ansfox11

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.

''They conspired to take Vince's money,'' Dolezal said. ''It's that simple.''

Maybe he can get some of it back...

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King Taharqa Newbie

King Taharqa

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Vince Young is not out of money, he just got ripped off by his agent. He owns several restaurants in Texas that are doing well and as long as he lives in that state its a safe bet he'll be taken care of. This is a good story though because more athletes need to come out publicly when an agent or "advisor" rips them off. It happens A LOT, and athletes alot of times are too embarrassed to say something.

As a side topic, its quite remarkable Vince Young hasnt landed a "back up" job in the league. With as many games as he's won, and his history as a starter, he's more than qualified.

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TylerDurden Grand Master

TylerDurden

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Smh... Horrible. He is indeed broke. And he didn't even do cool stuff with the money...

Vince Young spent $5k per week at Cheesecake Factory and other tales of how to go broke

http://content.usatoday.com/communities/gameon/post/2012/09/20/vince-young-cheesecake-factory/70000817/1#.UFybaqMsFhd

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Niner National Newbie

Niner National

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Vince Young is not out of money, he just got ripped off by his agent. He owns several restaurants in Texas that are doing well and as long as he lives in that state its a safe bet he'll be taken care of. This is a good story though because more athletes need to come out publicly when an agent or "advisor" rips them off. It happens A LOT, and athletes alot of times are too embarrassed to say something.

As a side topic, its quite remarkable Vince Young hasnt landed a "back up" job in the league. With as many games as he's won, and his history as a starter, he's more than qualified.

Hope he stays more involved in his restaurants than Dan Morgan did. Those places were very popular too and they somehow went under. People were probably taking advantage of Dan and he didn't realize it until it was too late.

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