[ SHOWGSD-L ] OOPS IT AIN"T OVER -MICHAEL VICK

  • From: MORGAN LEWIS <shadowland22000@xxxxxxxxx>
  • To: gsd showlist <showgsd-l@xxxxxxxxxxxxx>
  • Date: Thu, 26 Mar 2009 09:45:22 -0700 (PDT)





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RICHMOND, Va. (AP)â??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 City in Oklahoma City late Wednesday afternoon.
Mark Lichtenstein, one of Vickâ??s bankruptcy attorneys, declined to comment on 
both the Labor Department allegations and the details of Vickâ??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.

â??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,â?? Secretary of Labor Hilda L. Solis said in a 
prepared statement.
The department also accused two of Vickâ??s former financial advisers, Mary R. 
Wong and David A. Talbot, of participating in some of the transfers.
The filing further complicates Vickâ??s bankruptcy case, which has gradually 
moved along in Newport News while Vick serves a 23-month prison term in the 
federal penitentiary in Leavenworth, Kan. The judge presiding over the 
bankruptcy case has ordered Vick to testify in person at next weekâ??s hearing 
on confirmation of his Chapter 11 plan.
U.S. Bureau of Prisons spokeswoman Felicia Ponce said Wednesday that Vick was 
at the Oklahoma transfer facility but added that she could not disclose the 
inmateâ??s ultimate destination until it he arrives. There was no indication of 
when Vick left Leavenworth or when he would arrive in Virginia.
Vick will likely be kept in a southeastern Virginia jail until the hearing, but 
it wasnâ??t known which one. Newport News Sheriff Gabe Morgan said he had not 
been notified that Vick would be staying in the city jail, but it was possible 
Vick and federal marshals could show up unannounced.
U.S. Bankruptcy Judge Frank Santoro earlier this month rejected the idea of 
allowing testimony by video hookup, saying he needed Vick in the courtroom so 
he could assess his demeanor and credibility.
Vickâ??s plan for paying his creditors is based largely on his intention to 
resume his NFL career. Vick was suspended indefinitely after his 2007 
indictment, and NFL Commissioner Roger Goodell has said he will review Vickâ??s 
status after he is released.
The Falcons still hold the contract rights to Vick but have said they will try 
to trade him. Vickâ??s bankruptcy plan would allow him to keep the first 
$750,000 of his annual pay. After that, a percentage would go to his creditors 
based on a sliding scale.
Vick is eligible to move into home confinement no earlier than May 21 and is 
scheduled to be released from custody July 20.


Morgan and His Angels
Precious, OFA
Princess, CGC, TDI, GSDCA Health Award
"RAW" fed, No Vaccinations


      
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