Lawsuit: Vick gave out expensive gifts before declaring bankruptcy

Months before going to prison in November 2007, Michael Vick gave out expensive gifts, including boats, jewelry, and a Lincoln Navigator, to his friends and family — even though he was facing the likely loss of his income and owed creditors around $20 million, according to a complaint filed in U.S. Bankruptcy Court in Virginia.

The suit, brought by the trustee overseeing Vick’s bankruptcy resolution, is trying to recover the value of those gifts  from nine recipients, including the mother of Vick’s first child; his fiancee, the mother of his second and third children; his brother Marcus; other relatives and friends; and a business entity run by one of the friends. Documents show at least $2 million given to the defendants. Part of the suit seeks an accurate accounting of all the gifts.

Vick’s bankruptcy attorney, Paul Campsen, told the Associated Press that the filing is “a garden variety attempt to collect money.”

The complaint, filed July 6, contends that Vick knew he was under investigation over his dogfighting operation, owed millions to creditors, and had lost his ability to earn an income “for the foreseeable future” while he was lavishing friends and family with gifts.

Vick, now the Eagles’ backup quarterback, “intended to place his assets at the disposal of the defendants for their support and enjoyment without consideration and in derogation of the rights of his creditors,” the complaint said.

The suit was filed on behalf of Joseph Luzinski, the trustee overseeing the resolution of Vick’s bankruptcy.

The suit cites gifts dating back to July 2006, two years before Vick declared bankruptcy; under federal bankruptcy law the creditors can reach back that far to try to recoup money owed to them. Vick should have known at least as early as April 2007 that he was under investigation and that his income was at risk, the lawsuit contends.

 

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