Mr. Vick Is Learning The Value Of ‘Chump Change’

Michael Vick has been in prison for just about a year now and I’m sure while he’s been there he’s made a lot of new friends and forged relationships that will last him a lifetime.  Of course, at the rate he’s going, those friendships could be the only thing Vick has left when he gets out of prison.

(Lend me $20?)

See, Vick filed for bankruptcy back in July after spending all his money on trying to keep his dog-fighting ass out of jail.  At least, that’s what he would have wanted you to believe.  While a lot of Vick’s money went to paying his lawyers and court expenses, adding those two things up does not equal $17.7 million.   Which is why the newly released report from his bankruptcy case that details exactly what Mike has spent all his money on is so much fun to read.

From THE SMOKING GUN:

As seen below, the two-page statement lists the former football star’s payments to lawyers, relatives, and the mothers of his children. Lousy investments, security, cars, a boat, $3.5 million in “miscellaneous” transfers, and $1.1 million in checks made out to “Cash” are also memorialized in the ledger. One indication of Vick’s, um, unorthodox financial controls can be found in the recording of a $1000 check cut to his mother Brenda Boddie in October 2006. At the time, Vick gave a brief description of the payment: “chump change.

Ha!  Vick called $1,000 “chump change” and he’s now working in a prison for 12 cents an hour.   Oh the irony.  Anyway, there’s more.

Vick’s U.S. District Court filings also included a list of the nine cars he owns: a $73,000 Land Rover is driven by his fiancee, the woman’s mother uses a 2007 Cadillac Escalade, and Vick’s brother Marcus drives a 2007 Land Rover. A 2007 Infinity is even kept in Leavenworth, Kansas–where Vick is imprisoned–for use by his fiancee, Kijafa Frink, when she visits the federal lockup.

Okay, all that is well and good, but my favorite part is still this.

The court records also describe Vick’s financial interest in about five horses. But considering that the ex-quarterback is behind bars for dog fighting and knew that his cronies killed underperforming pit bulls, Vick might have offered a more assuring statement on the well-being of the horses than, “Upon information and belief, these horses are being fed and cared for by an individual, unknown to the Debtor, who is not being paid or compensated for his services.”

The entire document is featured at THE SMOKING GUN and is an interesting read if you’re looking for time to kill at work this afternoon — don’t worry, the weekend is almost here — and you want to laugh at somebody else’s misfortune.  When will athletes learn that their careers generally don’t last past 40 and that they’ll still have another 40 years to live after the paychecks stop coming?

It’s called a savings account.  Try it sometime.

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