Allen Iverson's Bank Account Garnished Until He Pays Jewelry Debt

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Last month Allen Iverson depleted his joint bank account with estranged wife to buy jewelry and left them with nothing [click here if you missed that]. Well the tables have turned…a Georgia court just awarded a default judgment against Allen to Aydin & Company Jewelers in the amount of $850,000 reports TMZ.

According to court records, Iverson owes Aydin&Company jewelers the handsome sum of $375,000. He never responded to the company’s lawsuit, and the bill has ballooned to $859,896.46 to cover the cost of collection, attorneys, and interest.

After ruining his career and leaving the NBA in disgrace a couple of years ago and struggling financially, it’s not expected that Iverson will be able to repay anyone anytime soon.

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