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.
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Comment
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Comment by Twitter: @DavidJ_XV on January 31, 2012 at 7:42pm -
A.I. my n**** I hate it had to be him!
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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
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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
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Comment by Tye Lanes 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..
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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
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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!
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Comment by NetGuruINC on January 31, 2012 at 6:18pm
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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.
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Comment by Ksirrah on January 31, 2012 at 6:09pm -
Damn...money that's supposed to last a lifetime?
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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...
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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
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