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 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



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