Practice? Iverson in Trouble with the Law Due to Jewelry Debt
Former 76er Allen Iverson had no "answer" to a Judge that ordered him to pay approximately $859,896.46 to a jeweler that he allegedly stiffed. Rather than pay the $375,000 bill when he was sued, Iverson ignored the lawsuit, and a Georgia Court entered default judgment against Iverson for $859,896.46, which includes attorneys' fees and interest. As a result, the Court has taken control of Iverson's bank account and will likely garnish his income to repay the debt.
Iverson has a history of legal and gambling troubles, and in November of 2010, there were rumors concerning Iverson's poor financial situation. Iverson had surgery approximately a year ago, and was attempting to make a comeback during the NBA lockout. However, it is not clear whether he is currently playing. The jeweler certainly hopes that an NBA team will sign him soon.
My name is Christopher Fusco. I am the managing partner of Callahan & Fusco, LLC with offices in New York, New Jersey, and Pennsylvania.