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: 17997

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

Landon Marks left a comment for Landon Marks
16 minutes ago
Landon Marks left a comment for Landon Marks
16 minutes ago
Landon Marks left a comment for Landon Marks
16 minutes ago
Landon Marks left a comment for Landon Marks
16 minutes ago
Landon Marks left a comment for Landon Marks
16 minutes ago
Landon Marks left a comment for Landon Marks
16 minutes ago
Chris Katryte Nyirenda commented on ChasinDatPaper's blog post The 2nd Season Of 50 Cent's 'Dream School' Premieres Tonight On SundanceTV (Video)
"He's always working that goood"
1 hour ago
Dwayne commented on ChasinDatPaper's blog post G-Unit Cover The New Issue Of XXL (Pic)
"Its funny how game is not in this b*tch lol"
1 hour ago

© 2014   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