Feds dog Michael Vick with accusation of pension looting
byMar 26th 2009 5:30PM
But if the U.S. Department of Labor's complaint has any validity, Vick is dumber than we thought. Yes, he's even dumber than a person who would flush tens of millions of dollars worth of NFL salaries and endorsement deals down the toilet to operate an illegal dog-fighting ring.
CNBC reports that "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 dog-fighting conspiracy case."
The Labor Department accuses Vick of illegally transferring money out of the pension plan for MV7, his marketing company that covered nine current and former employees.
"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," Secretary of Labor Hilda L. Solis said in a prepared statement.Wow. Brutalizing innocent animals and now looting pensions. Vick appears to be establishing himself as the intellectual love child of Cruella DeVille and Larry the Liquidator, and that probably won't bode well for his efforts to be reinstated into the NFL -- his only real hope of turning his life around.