A gew 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 $1.7 million, claiming he wasn't involved in obtaining the loan and that the proceeds went to Adams and Peoples.
So what do his accountants have to say about it:
Peoples claims in the countersuit that every decision he made was approved by Keith Young [Vince's UNCLE who worked as his manager).
And he calls Vince Young's unwillingness to accept responsibility "a common occurrence ... as (former Titans coach) Jeff Fisher, (Texas coach) Mack Brown, numerous NFL executives, coaches, teammates, scouts, girlfriends and illegitimate children will attest."
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Way too early for this.
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That's his *** fault
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typical, blame it on someone else
!@#$%^&* they included illegitimate children. That is cold.
That's what happens when u Neva deserved the money. I was his biggest fan but his work ethic sucks *** now he's broke. Work hard and u just might get a starting job somewea
smh...He was suppose to be the next warren moon....
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Antione walker syndrome
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See thats why you keep a eye on your own money....How you gonna pay someone to do it for you....I bet he learned today....
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They get to go to college for free, they should try learning while they're there.
MTO....y'all are not a reliable source so I'm going to assume this is a B.S. story. I rather check Yahoo sports.
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***... that's all bad!
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BLACK PEOPLE YOU GOTTA BE ON TOP OF YOUR OWN MONEY!!!!!! OPRAH TOLD TONI BRAXTON 20 YEARS AGO WHAT IT IS................OPRAH STATES "NEVER BE TOO BIG TO SIGN YOUR OWN CHECKS. I SIGN ALL MY OWN CHECKS MYSELF THIS WAY I CAN BE IN CONTROL OF WHERE MY MONEY IS GOING."
Why don't these dumb *** take some type of finance classes and learn about money and how it works so they can manage their own ***?
lots of these guys aren't broke the hide their money to avoid the baby momma and tax man getting that check. I see old broke players all the time. How you got that car and that house? why you ain't at work? you pulled an OJ. OJ was living in a 30k a month house in FLA and kids were in a 20k a month private school. get real people.
Black men will never learn. And Rihanna too! Why have someone ELSE invest YOUR money for you?
I think he spent it all on V.I.P. sections, Patron and his entourage.
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Doesn't surprise me. A recent study stated that over 75 percent of pro athletes file for bankruptcy when thier careers end. Unless they play over 5 yrs they recieve no pension even then it's compare able to someone that worked 30yrs at the post office, obviously not enough to cover thier extravagant lifestyle. There you have it!
I remember seeing Vince on a 60 minutes intreview a few year's ago. His last words during the interview was " can"t nobody tell me nothing". I knew then that he was a know it all and was headed for hard times. Vince, I can tell you something, "you are stupid and got exactly what you deserved". know that.
All that money gone cause he couldn't manage it or overlook it himself. He is the dumb one.
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Very, very sad. It's also why I say, all that showing off with expensive ish means nothing if you ain't put a good amount of that money AWAY SOMEWHERE so it'll make more money, like rich white people do!
This is what happens when you mix family and business.......
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