Indiana Bank Sues Vick Over Unpaid Car Loans

VickMichael Vick’s troubles are really beginning to pile up. This week has especially been a bad one for him. First, a Surry County jury indicts him on dog fighting charges. Then, a Canadian bank sues him for more than $2 million. And to top it all off, Vick tested positive for marijuana (perhaps the pressure was too much for him to handle that he had to do a little pot to help relax), and he is now subject to random testing and is confined to his residence every night.

Here’s one more to add to your pile, Vick. An Indiana bank, 1st Source Bank of South Bend, is now suing Vick for not repaying loans involving a car rental business.

The loans were made this year to a Georgia company known as Divine Seven, LLC, of which Vick is listed as chief financial officer/member on loan documents. The purpose of the loans was to finance vehicles for a car rental agency near Atlanta.

The bank said in a federal lawsuit it suffered damages of at least $2 million because Vick and Divine Seven LLC of Atlanta refused to pay for the vehicles. The lawsuit seeks unspecified damages.

In the lawsuit, the bank made a written demand for payment August 24, but Vick and Divine Seven have “failed and refused to pay.”

The bank has been able to repossess most of the cars, which will limit Vick’s financial liability in the lawsuit, said John Griffith, the corporate counsel for 1st Source Bank.

Source: South Bend Tribune

(Thanks Irene)

18 Responses to “Indiana Bank Sues Vick Over Unpaid Car Loans”

  1. Bridgett says:

    Oh this just gets better and better. Once he gets out of prison he is going to be living in a cardboard box.

  2. Lynn says:

    Don’t you love it?

  3. mal says:

    I guess the pot smoking and refusal to repay loans were just more “immature behavior” on Vics part.

    He has really dug a deep hole for himself. Nice to see that what goes around comes around.

  4. Lynne says:

    I’m sitting here waiting to hear what the NAACP has to say about this latest….

    … still waiting.

  5. Bridgett says:

    He should be a grave digger when his gets out of prison, cuz he is doing a fabulous job of digging his own grave.

  6. catbird says:

    Karma.

  7. purringfur says:

    Just a little bad judgment… Yeah, right!

    This guy leads a sleezy lifestyle all around!

    Don’t forget to throw the key away!

  8. Carol Johnson says:

    NO no Mal…you must understand….smoking pot and not paying loans is just part of his southern culture….NOT…:>

  9. straybaby says:

    train wreck straight ahead! step on up!

  10. Bridgett says:

    We need some popcorn to pop on Vick’s flames as he goes down.

  11. 2CatMom says:

    Is it time for the Vick slapdown party yet?

  12. mr_ed says:

    Oh man, oh man. You’re right, straybaby, what a mess.

    Athletes, actors, and various celebrity-type people can get into jams like this particular one when they aren’t careful about what they sign their name to, and when they aren’t paying attention, their partner or manager or whatever does stupid things with their money either on purpose or through stupidity.

    But when you sign onto a business as its CFO, you sure better be keeping your eye on the ball, so to speak.

  13. Beth says:

    My father would have said ‘you’re too big for your britches” and gave me the spanking of my life.
    I can’t figure out this ding-bat’s mindset. Did he think cause he could run with the ball, he beyond the law?
    He’s digging his own future, one shovel-full at a time.
    I was looking at the bolgs on Black America this morning. I think a lot of Black Folk that supported Vick have thrown in the rag….

  14. Anonymous says:

    Well all I can say is it is a good thing Vic “found” religion. Looks like it may be all he has left after he finishes burying himself.

  15. NH says:

    Good! Serves him right! Oh wait, they’re going after him for the loans because he’s black, right?

    Vick, just think of all those dogs you killed and fought….you deserve everything that’s coming to you!

  16. Sky Eyes Woman says:

    HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!
    HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!
    HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!
    HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!
    HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!

  17. Pit Bull Lover says:

    Vick’s positive drug test = playing “the system”?

    From OpEdNews.com - an odd site, but an interesting, and potentially infuriating, theory:

    http://tinyurl.com/34eo7d

  18. CINDY WALSH says:

    Gee, it couldn’t happen to a nicer guy! I guess it is true about KARMA, what goes around comes around. Sincerely, THE DOGS YOU KILLED!


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