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Old 09-19-2012   #6
Dutchrudder 
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Default Re: Vince Young is broke and out of work

I don't think all of his money was wasted in the typical fashion. 17.5 million is a lot to have disappear on anyone.


Quote:
...

The lawsuit contends that $5.5 million of Young's money is lost, while nearly $12 million is "untraceable." The suit says Adams and Young kept a mutual account, and that some of the quarterback's money was used to pay off Adams' personal debt. There are charges that more loans and lines of credit were agreed to without Young's knowledge. The suit states that one line of credit worth up to $500,000 was secured by someone impersonating Young on a phone call, and that a loan of more than $1 million was finalized via a fake email account.

The suit claims the Internal Revenue Service audited Young from 2006-08 and found there was $3 million of income from endorsement deals that hadn't been reported. Young paid an additional $1.3 million in taxes on that amount in 2011.
http://www.statesman.com/sports/long...r-2398410.html
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