Monday, January 26, 2009

Michael Vick suing former financial advisor

Michael Vick, former NFL quarterback who is currently serving prison time, is suing his financial adviser Mary Roy Wong $2 million for fraud, breach of contract, breach of fiduciary duty, conversion and negligence.

Part of the suit alleges that:
Wong made a transfer of $650,000 from Vick’s bank account into that of Williams and Bullocks; put the $175,000 proceeds from another Vick investment into the company; and made a $200,000 transfer from an account for which Vick is a trustee, subjecting the account to penalties.

For more on the lawsuit, read here.

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