Vick Raids Pension
Posted in Society on March 26th, 2009Some creatures just seem incapable of appropriate and/or legal behavior or of learning the simple fact that they’re just not smart enough to not get get caught in whatever vileness or filth they’re current doing.
From Associated Press (AP):
The U.S. Department of Labor filed complaints Wednesday accusing suspended NFL star Michael Vick of illegally spending about $1.3 million in pension plan funds for his own benefit, including paying restitution ordered in his dogfighting conspiracy case.
The department filed the complaints in federal district and bankruptcy courts the same day Vick left a federal lockup in Kansas, apparently bound for Virginia to appear at a bankruptcy hearing next week. Vick was at the Federal Transfer Center in Oklahoma City late Wednesday afternoon.
Mark Lichtenstein, one of Vick’s bankruptcy attorneys, declined to comment on both the Labor Department allegations and the details of Vick’s apparent temporary move to Virginia for the April 2 hearing.
The Labor Department said Vick made a series of prohibited transfers from a pension plan sponsored by MV7, a celebrity marketing company owned by the former Atlanta Falcons quarterback. The department alleges that Vick violated his duties as trustee of a pension plan that covered nine current or former MV7 employees.
“This action sends a message that the Labor Department will not tolerate the misuse of plan money and will take whatever steps necessary to recover the assets owed to eligible workers,” Secretary of Labor Hilda L. Solis said in a prepared statement.
The department also accused two of Vick’s former financial advisers, Mary R. Wong and David A. Talbot, of participating in some of the transfers.
It seems that Michael “Sick” Vick wasn’t content with his infamy for running an interstate dogfighting operation; he just had to add illegally raiding one of his company’s pension fund to the list of his crimes.
One has to hope that they’ll throw the book at him for this and revoke the deal that allowed him to walk free the last time. This thug has more than proven that he doesn’t deserve to walk among Americans.