Vick must repay bank
Updated: 05/09/08 6:33 AM
A federal judge in Virginia ordered imprisoned quarterback Michael Vick to repay more than $2.4 million to a Canadian bank for defaulting on a loan.
The Royal Bank of Canada sued Vick in September, arguing his guilty plea to a federal dogfighting charge — and the resulting impact on his career — prevented him from repaying the loan.
According to the suit filed in U. S. District Court in Newport News, the loan’s terms specify that any employment change negatively impacting Vick’s income constitutes a default on the loan.
Vick is serving a 23-month prison sentence at the U. S. Penitentiary in Leavenworth, Kan., after pleading guilty last year to bankrolling a dogfighting ring.
