ESPN.com is reporting that federal prosecutors are going after nearly $1 million of Michael Vick’s assets to help pay for the care of the pit bulls that were seized from his property. Of course, federal prosecutors aren’t the only ones after Vick’s bankroll.
As part of his plea deal, Vick agreed to make restitution for the care and placement of the 54 pit bulls confiscated from his Bad Newz Kennels property in Surry County. Prosecutors cited a rash of claims by Vick’s creditors and former employer that threaten his ability to make good on the agreement:
• An arbitrator’s ruling that Vick should repay the Atlanta Falcons nearly $20 million in bonus money.
• A lawsuit by Wachovia Bank claiming Vick and others defaulted on a $1.3 million loan for a wine store.
• Royal Bank of Canada’s lawsuit seeking payment for default on a $2.5 million credit line.
• A lawsuit by 1st Source Bank of South Bend, Ind., seeking at least $2 million for loans involving a rental car business.
Hope you saved for a rainy day, Mike.
