Judge Takes Control Of Allen Iverson's Bank Account To Force Him To Pay $859,000 Jewelry Bill

 

While Allen Iverson sits at home hoping to get a call from an NBA team in need of his services a Georgia judge has seized his bank account in an effort to force him to pay off a huge debt.

 

Iverson owes Aydin & Company Jewelers a significant sum of money after failing to pay for jewelry he got from the company according to TMZ.

 

The initial debt was for $375,000, which A.I. failed to pay forcing Aydin & Company to sue him. When Iverson didn't respond to the lawsuit, the jewelry store won a default judgement for $859,896.46 which covered the jewelry bill, court costs, interest and attorney fees.

 

Iverson ignored the judgement, forcing a judge to garnish his wages and take control of his Wells Fargo bank account. Any money the former All-Star guard makes will go directly to Aydin & Company until the debt is paid off.

 

The 36-year old Iverson made $154 million dollars during his 14 seasons in the NBA according to Sporting News, including $20 million in 2008-2009.  He's been out of the league since the 2009-2010 season.

 

 

Follow Me

Join Our Facebook Fan Page Check Us Out On MySpace Follow Us On Twitter Follow Me On Youtube

Views: 17984

Tags: $859, 000, Account, Allen, Bank, Bill, Control, Force, Him, Iverson's, More…Jewelry, Judge, Of, Pay, Takes, To

Comment

You need to be a member of ThisIs50.com to add comments!

Join ThisIs50.com

Comment by Twitter: @DavidJ_XV on January 31, 2012 at 7:42pm
A.I. my n**** I hate it had to be him!
Comment by torchdolloars on January 31, 2012 at 7:20pm
wow how can the judge do that jewelry wow that crazy i could under the company sue iverson but that judge could do that goverment power
Comment by reece redbaby on January 31, 2012 at 7:03pm
I LOVE IVERSON, JUST SEEING THIS ADD IS GONNA MAKE ME BRING OUT MY ? WIT THE RED TIPS OUT THE BOX..FRESH...LUV U A.I.///NEX DOPE RAPPER 2 C** OUT THE WEST AF-TODDY
Comment by 1THUG aka Tha BLACK BOLO YEUNG!! on January 31, 2012 at 6:41pm
Im sure its not that easy to just give it back. These athletes, rappers, actors and celebs need to pay for there s*** up front. Im a Iverson fan but thats what he gets..
Comment by YKham on January 31, 2012 at 6:27pm
If I was Allen...I would just give the jewelry back...if paying bill is a issue
Comment by NetGuruINC on January 31, 2012 at 6:21pm
And let me also add, if yall mofos made $156 Million dollars you mean to tell me you wouldnt have spent at least $300,000 in jewelry? YOU A DAMN LIE, most of yall would of probably spent a million or two on jewelry, KEEP IT 100!
Comment by NetGuruINC on January 31, 2012 at 6:18pm
Damn why yall goin on Iverson like that? If the man made $156 million total, after taxes, houses, jewelry, etc, im sure the man still has at least 10 Million stashed SOMEWHERE. So with that said the n**** is still straight, you dont see the IRS or his house being foreclosed do you? The man defaulted on a JEWELRY bill, not taxes, BIG DIFFERENCE.
Yall can talk s*** about A.I. but I bet even on his WORST day he got more paper than yall. Most of yall was hatin on the man to begin with, and now u got a reason to talk s***. Keep it 100.
Comment by Ksirrah on January 31, 2012 at 6:09pm
Damn...money that's supposed to last a lifetime?
Comment by R Geezy on January 31, 2012 at 5:24pm
Another broke athlete! Practice? Practice? are we talking about Practice? LMFAO
Bet he wished he was in practice now, way to blow your money on dumb s***.
Stay in School kids...
Comment by badboy1467 on January 31, 2012 at 5:14pm
Iverson call me i am starting up a bush league i pays $11.00 per hr



Upcoming Releases

Members

 


Example Searches:
music, girls, Bentley

Latest Activity

JD commented on ChasinDatPaper's blog post Kendrick Lamar Covers Complex: Talks New Album, Macklemore Grammy Awards Controversy, Charging $250K For Guest Verses & More [Video/Pics]
"Tony Yayo charges $1.25 for a verse and still no one cares."
2 minutes ago
Ari commented on NewMusic's blog post Ice Cube Ft. 2 Chainz & Redfoo - Drop Girl (Official Music Video)
"cool and funny :)"
3 minutes ago
Ari liked NewMusic's blog post Ice Cube Ft. 2 Chainz & Redfoo - Drop Girl (Official Music Video)
3 minutes ago
Janelle Het-Heru Glenn posted blog posts
4 minutes ago
2Corvettes posted a status
"#SK for my 40 Birthday I told my mom thanks for teachin Sarah how to be a mother hers was MIA"
10 minutes ago
da champ 817 commented on NewMusic's blog post Brianna Perry - I'm That B.I.T.C.H. (Beautiful, Intelligent, Tough, Chick in Heels)
"Who"
18 minutes ago
Lesane Crooks commented on ChasinDatPaper's blog post Phillip Seymour Hoffman's Children Not Included In His Will Because He Didn't Want Them To Be "Trust Fund Kids." $35 Million Estate Left To Their Mother [Video]
"I'm sure he had his reasons besides I'm quite positive that all of his children will be taken care of very well. RIP"
18 minutes ago
Lesane Crooks commented on NewMusic's blog post YG - Bicken Back Being Bool (Official Music Video)
"I don't care who he is or what he is the n**** still suck. This fool won't last long trust me."
23 minutes ago

© 2014   Created by 50 Cent.

Badges  |  Report an Issue  |  Privacy Policy  |  Terms of Service

© 2012   Created by 50 Cent.   Powered by .

Badges  |  Help  |  Terms of Service | Privacy Policy