Former NFL QB Michael Vick Sued for $1.2 Million Over Loan

Former NFL QB Michael Vick Sued for $1.2 Million Over Loan
Former NFL QB Michael Vick Sued for $1.2 Million Over Loan (Image: Screenshot/YouTube/IMATHLETE)

Former NFL quarterback Michael Vick has been sued for $1.2 million for a loan he obtained in Maryland in 2018.

According to David Ovalle of the Miami Herald, a deposition has already been scheduled for Aug. 5 following the filing of the lawsuit in Broward County circuit court by a group of lenders.

Vick’s lawyer, Arthur Jones, did not refute Vick’s debt, but called into question the group’s computation as to how much he is obliged to pay in a statement included in Ovalle’s report:

“Michael Vick takes these matters seriously and is aware of the proceedings and will be sure that all parties who are entitled to receive payment will be paid. However, usurious calculations which produce absurd results should not be countenanced by the courts of Florida. Therefore, all appropriate defenses will certainly be utilized. Further comment on any shenanigans which lead to situations like this may be made available at a later date.”

According to Ovalle, Florida law safeguards Vick and his wife’s South Florida home.

Vick’s other assets, such as cars, jewelry, and sports memorabilia, could be demanded by the plaintiffs.

Vick’s debt was sold by Atlantic Solutions to SMA Hub, a collective that split the interest from his loans and distributed it to 6 individuals he allegedly never reimbursed, who filed the suit against him.

Ovalle’s story also mentions Vick receiving a $400,000 loan from a company that offers active and retired athletes money in exchange for future income in 2018.

Vick presumably did not pay those future earnings, which resulted in a $1.9 million judgment due to interest. Vick has not paid, according to the lawyer who represented the organization that owns the debt.

Vick now owes more than $3 million, according to the new lawsuit.

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