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Wachovia sues Vick over loan | ajc.com


Wachovia Bank has filed a federal lawsuit alleging that Falcons quarterback Michael Vick has defaulted on a $1.3 million loan for a wine store.

According to the suit, filed in U.S. District Court in Atlanta on Oct. 2, the bank loaned Vick, partner Gerald Frank Jenkins and Atlantic Wine & Package LLC the money on May 23, 2006, and that a default exists "when a material adverse change has occurred in the business or prospects of Defendant Vick, financial or otherwise, as determined bythe bank in its sole discretion."

[JRL]

That fool is going to lose everything and end up back in the hood when he gets out of jail - what a dumb ass.

[vincesanity82]

Wachovia Bank has filed a federal lawsuit alleging that Falcons quarterback Michael Vick has defaulted on a $1.3 million loan for a wine store. According to the suit, filed in U.S. District Court in Atlanta on Oct. 2, the bank loaned Vick, partner Gerald Frank Jenkins and Atlantic Wine & Package LLC the money on May 23, 2006, and that a default exists "when a material adverse change has occurred in the business or prospects of Defendant Vick, financial or otherwise, as determined by the bank in its sole discretion." -- Atlanta Journal-Constitution

Wachovia sues Vick over loan | ajc.com

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Originally Posted by JRL

That fool is going to lose everything and end up back in the hood when he gets out of jail - what a dumb ass.

I agree. There's no telling what other investments he's made that will default. But our society is such that when Vick gets out, all he'd have to do is write a frickin book and recoup millions of his losses. He'll make the talk circuit and get thousands in interviews.