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

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 Phukyofeelings 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



Members

 


Example Searches:
music, girls, Bentley

Latest Activity

Jus P commented on G-Unit Promotions's blog post The Lox Talk The New Generation Of Hip Hop, Todays Rap Beef, Chris Brown & Soulja Boy Not Being Street & More With DJ Suss One!! [Video]
"Good interview. Soulja or Chris Brown ain't saying s*** after this interview. The Lox real street dudes."
9 minutes ago
Blaze commented on G-Unit Promotions's blog post Trump’s Pick for Education Secretary , Betsy DeVos Gets Grilled Over Views on Allowing Guns in Class, Defunding Public Schools + More [Video]
"I hope people didn't think president Lump would actually appoint anyone with experience or common sense to that position!"
12 minutes ago
QHefner commented on ChasinDatPaper's blog post Waka Flocka Grabs Fan's Trump Jersey & Wipes His Butt With It During Athens Concert: "F*ck Donald Trump!" (Video)
"IN THE GREAT WORDS OF YG: F*** DONALD TRUMP!!"
13 minutes ago
Blaze commented on G-Unit Promotions's blog post Trump’s Pick for Education Secretary , Betsy DeVos Gets Grilled Over Views on Allowing Guns in Class, Defunding Public Schools + More [Video]
"@dredai.. LoL"
15 minutes ago
Blaze liked G-Unit Promotions's blog post Trump’s Pick for Education Secretary , Betsy DeVos Gets Grilled Over Views on Allowing Guns in Class, Defunding Public Schools + More [Video]
16 minutes ago
djthrowedg9 commented on NewMusic's blog post Fredo Santana Ft. Chief Keef - My Pistol Make Ya Famous (Audio)
"the cover art is trash and I will tell you why. 1. a 100 dollar bill will never be bigger than that gun. 2. the money is backwards and not reading left to right. 3. showing some money and a gun is not a concept (of any form) and is disconnected from…"
20 minutes ago
Jimmy Two-Times commented on Besir Esati's blog post Fat Joe Signs To Roc Nation Management
"Jigga getting the last laugh I see!"
21 minutes ago
Blaze commented on Besir Esati's blog post Fat Joe Signs To Roc Nation Management
"Bad move for both parties."
22 minutes ago

© 2017   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