Vick Blows $200K and Reports to Jail on the Same Day
TMZ.com reported that Michael Vick, the Falcons quarterback who was convicted on felony dogfighting charges, managed to spend $201,840 the same day he reported to jail. Perhaps it’s no coincidence that Vick, who was once the NFL’s highest paid player, is also filing for bankruptcy.
His expenses on the day he reported to jail included buying a new Mercedes ($99,000) and spending $10.940 on what TMZ called “miscellaneous last minute impulse buys.” Though Vick’s assets are worth around $16 million, his liabilities total $20.4 million.
Vick is currently serving a 23.month federal term, but because he pleaded guilty in Virginia to a state charge of dogfighting, he may be eligible for an early release from prison to a halfway house six months into his sentence, since federal law prevents prisoners from being released to a halfway house while they have charges pending.
Vick will complete his sentence on July 20, 2009, and he is expected to apply for reinstatement to the NFL. League officials would not comment on the case.
Vick's Incarceration Day Shopping Spree, TMZ.com, December 7, 2008
Michael Vick pleads guilty to state dogfighting charge, Seattle Times, November 26, 2008
Bankruptcy records detail Vick’s spending, BradentonHerald.com, November 22, 2008
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