The Facts:
Vick finds himself in bankruptcy court according to legal whiz Lester Munson of ESPN.com. He has been accused of funneling away his money to friends and relatives in the months leading up to him actually declaring for bankruptcy.
Reported by The National Football Post
Fantasy Football Diehards Line:
Per Munson, in a 14-month span between October 2006 and November 2007, Vick cashed 67 checks he made payable to “Cash.” In total, Vick collected more than $750,000 from, get this, 31 bank accounts. That time frame covered the final seven months of his dogfighting ring and the first seven months of the investigation into his criminal activity. Munson breaks down all the checks and reports the smallest were for $1,000 and the largest was for $87,726.48 on March 27, 2007, the eve of the first raid on his kennel operation. Bankruptcy laws forbid a person from stashing their assets before filing for bankruptcy, something called “voidable preference.”
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