Vince Young claims millions of his money missing

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  • YardRat
    Well, lookie here...
    • Dec 2004
    • 86329
    #1

    Vince Young claims millions of his money missing

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    http://www.chron.com/news/nation-world/article/In-lawsuit-Vince-Young-claims-millions-of-his-3626233.php
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    Football star and Houston native Vince Young sued his former agent and former financial adviser late Monday, claiming the men have misappropriated millions since the quarterback was drafted by the Tennessee Titans in 2006.

    The suit accuses Young's former agent, Houston attorney Major Adams II, as well as financial adviser Ronnie T. Peoples and his Raleigh, N.C.-based company, Peoples Financial Service, of fraud, unjust enrichment, conversion, breach of fiduciary duty, usury and breach of contract among other allegations.


    Adams and Peoples were in charge of the athlete's financial affairs during his five seasons with the Titans, for which he signed a contract worth at least $54 million. According to the lawsuit, Young has been left "in the unenviable position of losing no less than approximately $5.5 million while his assets were under [Peoples Financial Service]'s control." Nearly $13 million more in "counter-withdrawals," "debit memos" and checks are "untraceable" in Young's accounts with the company.
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  • alnilla
    Registered User
    • Dec 2008
    • 316
    #2
    Re: Vince Young claims millions of his money missing

    vince cant count that high

    Comment

    • stuckincincy
      Buffalo Bills Fan
      • Sep 2003
      • 15084
      #3
      Re: Vince Young claims millions of his money missing

      He should have taken half his swag and put it into a conservative trust fund managed by one of those numerous merchants-of-death Swiss banks.
      Fiat justitia ruat caelum. Noli timere. Laus Deo.

      Comment

      • The King
        Without me it's just Awe so
        • Jun 2004
        • 42380
        #4
        Re: Vince Young claims millions of his money missing

        Maybe he invested it all in towls.

        Page not found – Funny Or Die
        http://FunnyOrDie.com/m/6pw1
        We love to make you laugh.
        I remember that one fateful day when Coach took me aside. I knew what was coming. "You don't have to tell me," I said. "I'm off the team, aren't I?"
        "Well," said Coach, "you never were really ON the team. You made that uniform you're wearing out of rags and towels, and your helmet is a toy space helmet.
        You show up at practice and then either steal the ball and make us chase you to get it back, or you try to tackle people at inappropriate times."
        It was all         true what he was saying. And yet, I thought something is brewing inside the head of this Coach.
        He sees something in me, some kind of raw talent that he can         mold. But that's when I felt the handcuffs go on.


        Comment

        • Bill Cody
          Registered User
          • Sep 2004
          • 11926
          #5
          Re: Vince Young claims millions of his money missing

          who would have imagined this could happen to Vince

          Comment

          • ServoBillieves
            The Voice of Reason
            • Jul 2007
            • 6106
            #6
            Re: Vince Young claims millions of his money missing

            Originally posted by stuckincincy View Post
            He should have taken half his swag and put it into a conservative trust fund managed by one of those numerous merchants-of-death Swiss banks.
            He stopped reading after the start of 'conservative' and just bought his money back... wait...
            Bye Bye Brady...

            Comment

            • WagonCircler
              Escaped Convict
              • Jul 2002
              • 5876
              #7
              Re: Vince Young claims millions of his money missing

              Shocking! A guy who got a 16 on the Wonderlic being outsmarted by accountants.

              Comment

              • JCBills
                Registered User
                • Jan 2010
                • 3631
                #8
                Re: Vince Young claims millions of his money missing

                Maybe Ko Simpson has it?

                Comment

                • DraftBoy
                  Administrator
                  • Jul 2002
                  • 107443
                  #9
                  Re: Vince Young claims millions of his money missing

                  This actually has little to do with Young's intelligence or perceived lack therof and more to do with Agents/Financial Advisors that are swindling clients.
                  COMING SOON...
                  Originally posted by Dr.Lecter
                  We were both drunk and Hillary did not look that bad at 2 AM, I swear!!!!!!

                  Comment

                  • Bill Cody
                    Registered User
                    • Sep 2004
                    • 11926
                    #10
                    Re: Vince Young claims millions of his money missing

                    Originally posted by DraftBoy View Post
                    This actually has little to do with Young's intelligence or perceived lack therof and more to do with Agents/Financial Advisors that are swindling clients.
                    The dumber you are the easier it is to swindle you. If I had millions I would have advisors but I would be able to verify they were doing the right thing. I'd be able to keep an eye on my money without making that a distraction to football. And there's no need to get too complicated with investing. Pick a few well rated no load mutual funds, enough to have decent diversification and leave it there and you'll do as well as most "financial advisors".

                    Comment

                    • stuckincincy
                      Buffalo Bills Fan
                      • Sep 2003
                      • 15084
                      #11
                      Re: Vince Young claims millions of his money missing

                      Originally posted by Sell Local Ralph View Post
                      The dumber you are the easier it is to swindle you. If I had millions I would have advisors but I would be able to verify they were doing the right thing. I'd be able to keep an eye on my money without making that a distraction to football. And there's no need to get too complicated with investing. Pick a few well rated no load mutual funds, enough to have decent diversification and leave it there and you'll do as well as most "financial advisors".
                      That's pretty much so. But it's axiomatic that the best suckers are those with the biggest egos. Not worth mentioning any of them; everybody in every town can relate stories about the self-important big swinging dicks, the take-charge businessmen, pro athletes, the pols that wipe feet off on others - that got taken to the cleaners. Or to prison.
                      Fiat justitia ruat caelum. Noli timere. Laus Deo.

                      Comment

                      • Homegrown
                        Havin' a ball ... rollin' to the bottom
                        • Jul 2008
                        • 2774
                        #12
                        Re: Vince Young claims millions of his money missing

                        How many ZonerBucks did he lose?

                        Comment

                        • stuckincincy
                          Buffalo Bills Fan
                          • Sep 2003
                          • 15084
                          #13
                          Re: Vince Young claims millions of his money missing

                          Originally posted by Homegrown View Post
                          How many ZonerBucks did he lose?
                          Fiat justitia ruat caelum. Noli timere. Laus Deo.

                          Comment

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