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: 18037

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 Jesse on February 1, 2012 at 1:23pm
their dumb with there money.
Comment by Thomas Mason on February 1, 2012 at 1:08pm
154 million for playing basked ball... this is whats wrong with the world today...
Comment by Buck on February 1, 2012 at 10:56am
give the jewelry back n**** wtf
Comment by RoyalChi - You Will Bow To Me!!! on February 1, 2012 at 7:54am
I see so many bums & bad guys on a NBA roster so how the hell a former NBA MVP who's only 36 is out the league & no team will take a flyer on him?
Comment by Christian Perkins on February 1, 2012 at 5:43am
WDF Ai...
Comment by Kashane on February 1, 2012 at 2:28am
He's got a serious gambling problem wouldn't surprise me if he blows through his fortune over the next 5-10yrs through sheer boredom.
Comment by YoungRuff on February 1, 2012 at 1:41am
if you give dumb niccas money they still gonna be dumb niccas
Comment by Banger on January 31, 2012 at 8:20pm
A.I's first mistake was banking with wells fargo..
Comment by top 3 = Ross/Banks/Kiss on January 31, 2012 at 8:14pm
how now has to pay nearly 3x the original debt , aint that a b*tch !!!
Comment by jamar on January 31, 2012 at 7:52pm
come to court so they wont win ai like nope f....k it lol dam 859,0000 a lot of money



Upcoming Releases

Members

 


Example Searches:
music, girls, Bentley

Latest Activity

Lil Boo Boo Doo updated their profile
17 minutes ago
bigg kem updated their profile
20 minutes ago
dee commented on ChasinDatPaper's blog post Inspectah Deck Says Kanye West Could Have Been A Wu Tang Member. Tells Hilarious Stories About Ol' Dirty B@stard Fighting Akinyele Over A Mic, Invading Biggie's Set, Throwing Turntables (Video)
"@ united-gs LMAO I a never listen to no gucci or gunplay. All i listen to is NaS,AZ,2pac,& suga free"
54 minutes ago
Bijou BAKSON liked NewMusic's blog post Rotimi Ft. 50 Cent - Lotto [TI50]
1 hour ago
Pandaemonium commented on Besir Esati's blog post Gucci Mane Announces "The Stars Of The Trap" Tour
"This n**** been in jail more than out. How is a tour going to work if he locked up too?? What he going to rap to his fans on stage via prison phone??"
1 hour ago
Pandaemonium commented on ChasinDatPaper's blog post Rihanna Sends Shots At Her Ex-Accountants For Allegedly Stealing Millions In 'B*tch Better Have My Money' Video
"Damn o boy caught her with pants down, not that it would be hard to. Rich hoe caught slippin white boy said B*tch you dont need this money!!"
1 hour ago
Pandaemonium commented on ChasinDatPaper's blog post Meek Mill's 'Dreams Worth More Than Money' To Sell 200K 1st Week. Will Be Rapper's 1st No. 1 Album
"Who buying this s***, n**** a black heavy metal artist with all that screamin. somebody get nicki to put her titty back in her angry man childs mouth so he can stfu!!"
1 hour ago
Pandaemonium commented on ChasinDatPaper's blog post Joe Budden Believes Meek Mill's Behavior Since Hooking Up With Nicki Minaj Is "Sappy F*ck Sh*t. It's Nasty, I Hate Everything About It" (Audio)e
"This n**** the last n**** on earth that needs to call out someone else out for letting a woman change them. With that said though he is calling it right though he of all people should know that best."
1 hour ago

© 2015   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