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Old 06-12-2012   #21
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Default Re: In lawsuit, Vince Young claims millions of his money missing

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Originally Posted by infantrycak View Post
NFL agents get paid 3%. If VY wasn't so dumb you would think he would have noticed his agent was living like someone with a lot more than $1.5 mil.
Not saying that this was the case, but I know a few guys who have someone manage and invest their money. I'm sure its possible they showed him fake account reports, invoices, or whatever else needed to be shown to deceive him. These guys have far too much trust in the people handling their money.
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Old 06-12-2012   #22
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Default Re: In lawsuit, Vince Young claims millions of his money missing

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Originally Posted by Mr. White View Post

It was pretty obvious Major Adams didn't know what he was doing when VY scored a 6 on that Wonderlic. A real agent would have given him simulation tests so he could at least have scored double digits or got him a tutor. Instead he hired a yes man that was stealing from him.
Who's to say VY didn't get prep, maybe he hit his full potential with the 6 ?
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Old 06-12-2012   #23
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Default Re: In lawsuit, Vince Young claims millions of his money missing

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Originally Posted by Texn4life View Post
Not saying that this was the case, but I know a few guys who have someone manage and invest their money. I'm sure its possible they showed him fake account reports, invoices, or whatever else needed to be shown to deceive him. These guys have far too much trust in the people handling their money.
The investment adviser has a lot more room for jacking around. I'm just saying about the agent VY should have seen he was looking at a guy spending a whole lot more than was right. Not only do agents get paid 3%, it gets paid out as the players get paid. So it isn't like the guy got paid $1.5 mil in one big check the day VY signed. Frankly the $1.5 is high because VY's salary was heavily back end loaded and he didn't play it out. He likely cleared about $1.2 before taxes over VY's first five years. That is nothing to sneeze at but if he pilfered half of $17 mil or whatever I bet there were signs.
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Old 06-12-2012   #24
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Default Re: In lawsuit, Vince Young claims millions of his money missing

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Who's to say VY didn't get prep, maybe he hit his full potential with the 6 ?
That's messed up. Lol!
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Old 06-12-2012   #25
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Default Re: In lawsuit, Vince Young claims millions of his money missing

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Originally Posted by infantrycak View Post
The investment adviser has a lot more room for jacking around. I'm just saying about the agent VY should have seen he was looking at a guy spending a whole lot more than was right. Not only do agents get paid 3%, it gets paid out as the players get paid. So it isn't like the guy got paid $1.5 mil in one big check the day VY signed. Frankly the $1.5 is high because VY's salary was heavily back end loaded and he didn't play it out. He likely cleared about $1.2 before taxes over VY's first five years. That is nothing to sneeze at but if he pilfered half of $17 mil or whatever I bet there were signs.
I agree that it's a lot of money to go missing and VY to have no idea about it as it was happening. Because Vince trusted this guy since he was a family friend, it wouldn't surprise me if Adams acted as his financial adviser as well.
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Old 06-12-2012   #26
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Default Re: In lawsuit, Vince Young claims millions of his money missing

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Hey who photoshopped Vince Young's head on Second Honeymoon's body?
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Old 06-12-2012   #27
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Default Re: In lawsuit, Vince Young claims millions of his money missing

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Originally Posted by Texn4life View Post
Not saying that this was the case, but I know a few guys who have someone manage and invest their money. I'm sure its possible they showed him fake account reports, invoices, or whatever else needed to be shown to deceive him. These guys have far too much trust in the people handling their money.
I would be shocked if there were cooked books. I'd put my money on it went like this:

"Hey man, how's my money doing?"
"Great!"
"Sweet."

And VY wasn't the first and won't be the last to learn the lesson of just blindly giving someone your money.
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Old 06-12-2012   #28
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Default Re: In lawsuit, Vince Young claims millions of his money missing

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Originally Posted by Yankee_In_TX View Post
I would be shocked if there were cooked books. I'd put my money on it went like this:

"Hey man, how's my money doing?"
"Great!"
"Sweet."

And VY wasn't the first and won't be the last to learn the lesson of just blindly giving someone your money.
Haha, yeah I could see the conversation going just like that. What's the saying about a fool and his money?
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Old 06-12-2012   #29
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Default Re: In lawsuit, Vince Young claims millions of his money missing

HI!!! My name is "SIX"!!!!, but all I ever do is "WIN".
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Old 06-12-2012   #30
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Default Re: In lawsuit, Vince Young claims millions of his money missing

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Originally Posted by Honoring Earl 34 View Post
Reminds me of ESPN's 30 for 30 " The Best That Never Was " . A minister was handling Marcus Dupree's money and next thing Dupree knows he's getting calls from the bank .
Hmmm, methinks I see a trend developing ...
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Old 06-12-2012   #31
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Default Re: In lawsuit, Vince Young claims millions of his money missing

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Originally Posted by TxDavid View Post
He spent all his money on sausage partys and tattoos
In breaking news all of the money has been located in a backroom at LaBare.
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Old 06-12-2012   #32
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Default Re: In lawsuit, Vince Young claims millions of his money missing

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Originally Posted by infantrycak View Post
NFL agents get paid 3%. If VY wasn't so dumb you would think he would have noticed his agent was living like someone with a lot more than $1.5 mil.
Just curious - what makes you certain that his agent was living a lifestyle that was beyond the amount of money he should have been earning?
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Old 06-12-2012   #33
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Default Re: In lawsuit, Vince Young claims millions of his money missing

Again, all of this fuss is over Bud Adams' money. He was the one that was robbed and we should all be happy about that.

It was an Adams on Adams crime.
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Old 06-12-2012   #34
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Default Re: In lawsuit, Vince Young claims millions of his money missing

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Originally Posted by ChampionTexan View Post
Just curious - what makes you certain that his agent was living a lifestyle that was beyond the amount of money he should have been earning?
I'm certainly not certain. Maybe he was hiding it for eight years. Generally people willing to engage in conduct like this aren't that smart and can't resist living the high life while looking at their bank account total.
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Old 06-13-2012   #35
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Default Re: In lawsuit, Vince Young claims millions of his money missing

I find it hard to believe that VY was his only client and being YA brother he could have represented a number of gospel artists as well as others based on YA's reputation. VY could have been his biggest, & I think he had enough savvy to appear reputable. Again IMO is sad because someone without the credentials of a Drew Rosenthan won't get a chance prove credible because of this kind of crap.
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Old 06-13-2012   #36
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Default Re: In lawsuit, Vince Young claims millions of his money missing

I had to go back and do some research, but I remember when Tank Black was accused of swindling money from some of his clients a little over 10 years ago. Around that same time, there were whispers from friends of mine going into the draft about Carl Poston cheating some guys out of their money too. He was suspended by the NFLPA, but that was for providing money to college players.

These guys are the ultimate salesmen. Having sat in on a few meetings with them, they literally can have players thinking they're the best player in the world even if they're only a 5th round prospect. I've seen first hand players run through advances without getting drafted, players blow through money after being in the league for years, and seen some guys that are super conservative with their money and they'll be set for life. It's easy to believe Vince trusted this guy with his money and believed that he would invest it wisely if that's in fact what he was supposed to be doing. The rookie symposium can only cover so much. I've been saying for a while now that these guys should have to take a mandatory money management course while in school if they play any of the 3 or 4 major sports. There's a saying where I grew up about guys with "new money". They don't know what to do with it or how to manage it.
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Old 06-13-2012   #37
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Default Re: In lawsuit, Vince Young claims millions of his money missing

Two targets here: Houston attorney Major Adams II, as well as financial adviser Ronnie T. Peoples and his Raleigh, N.C.-based company, Peoples Financial Service.

Major was VY's trusted uncle's lifelong best friend, "He's like a father to me."

I know nothing about the Peoples Financial Service, but it could just as easily be the culprit. We'll see.
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Old 06-13-2012   #38
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Default Re: In lawsuit, Vince Young claims millions of his money missing

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He spent all his money on sausage partys and tattoos:



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Old 06-13-2012   #39
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Default Re: In lawsuit, Vince Young claims millions of his money missing

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Dunno why, but this was really funny to me. +Rep
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Old 06-13-2012   #40
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Default Re: In lawsuit, Vince Young claims millions of his money missing

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Dunno why, but this was really funny to me. +Rep
LOL, I was actually at that game. It was a MNF game a couple of years ago and I was visiting my sister in Orlando. Of course I was somewhat rooting for the Jags however they were horrible. VY also got hurt early in the 1st qtr and KC lit up the Jags IIRC.

I was making the same gesture as that guy in the animated gif .. however it was me wondering why I just wasted money to see 2 teams I really hate playing in a horrible game.

The only good part about that night was I got to hang out with Yvette and Parddy from the Titans board. They are always fun.
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