Michael 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