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