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: 18048


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
Comment by Nik ***CRAZY*WORLD*** 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 YK 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



Example Searches:
music, girls, Bentley

Latest Activity

CMLapse Ent. liked CMLapse Ent.'s video
11 minutes ago
Microphone Bully posted a blog post

News: Kanye West Say's "There Will Be No Watch The Throne 2 Album"

Early this year, back in March while in Paris, Kanye West sat down with Clique for a very candid interview about everything from racism, a possible Watch The Throne 2 album to Drake being his competitor or sparring partner. During the 35-minute in depth sit down interview which will be posted below…See More
35 minutes ago
Profile Icon via Twitter
DJ Absolut Ft. Jadakiss - Magic City (Audio) https://t.co/z9huDE2ZqK
Twitter36 minutes ago · Reply · Retweet
Profile Icon via Twitter
Don't Flop Rap Battle: Pat Stay Vs John John Da Don At A3C Festival. Who Won? (Video) https://t.co/Gepw9uO3mt
Twitter36 minutes ago · Reply · Retweet
Profile Icon via Twitter
Dyme-A-Duzin Performs 'That Chicken' & Freestyles On The Hot Box With DJ Enuff (Video) https://t.co/v7MdAICIDW
Twitter36 minutes ago · Reply · Retweet
Profile Icon via Twitter
Turk Talks Reconciling With Birdman, Issues With Juvenile, Relationships With Lil Wayne, B.G. & Mannie Fresh (Video) https://t.co/yKBzNBT6QL
Twitter36 minutes ago · Reply · Retweet
Profile Icon via Twitter
Tsu Surf - Hot 97 Freestyle For Funkmaster Flex (Video) https://t.co/DSE60iZaBQ
Twitter36 minutes ago · Reply · Retweet
cory G liked ChasinDatPaper's blog post Tsu Surf - Hot 97 Freestyle For Funkmaster Flex (Video)
1 hour ago

© 2016   Created by 50 Cent.   Powered by

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

© 2012   Created by 50 Cent.   Powered by .

Badges  |  Help  |  Terms of Service | Privacy Policy