Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

Lawyer: Peterson in debt, trusted wrong people

Written by 
Published in Breaking News
Tuesday, 23 July 2019 14:24

Washington Redskins running back Adrian Peterson was "trusting the wrong people," his attorney said, and is deeply in debt after making nearly $100 million in his career.

Peterson is being sued for failing to pay back a $5.2 million loan, The Athletic reported.

According to The Athletic, Peterson owes, after interest and legal fees, $6.6 million to DeAngelo Vehicle Sales, who claimed he had defaulted on his loan in the lawsuit that was filed in New York. Peterson had borrowed money from the lending company to pay off other creditors. He also must pay a combined $3 million to two other creditors.

"The truth behind Adrian Peterson's current financial situation is more than is being reported at this time," Peterson's attorney Chase Carlson said Tuesday in a statement. "Because of ongoing legal matters, I am unable to go into detail, but I will say this is yet another situation of an athlete trusting the wrong people and being taken advantage of by those he trusted. Adrian and his family look forward to sharing further details when appropriate."

Carlson declined further comment.

According to the Athletic, Peterson had defaulted on other loans, leading him to secure the $5.2 million loan from DVS on Oct. 26, 2016, while playing for the Minnesota Vikings. That money was to help pay $3.2 million to Thrivest Specialty Funding and $1.34 million to Crown Bank.

Peterson still owes $600,000 to Crown, and a Maryland judge last week said he must pay $2.4 million to Democracy Capital Corp., The Athletic reported.

Because the lawyers for DVS represented Peterson in another lawsuit, Peterson's attorney said there was a conflict of interest. That led to a judge cancelling Peterson's deposition Monday. Peterson's side said his confidential information was not properly obtained.

"As I have stated to Mr. Peterson's counsel, my firm has never held Mr. Peterson out as a client to third-parties," DVS attorney Darren Heitner said Tuesday via email. "Heitner Legal was never communicating with Mr. Peterson. There was and is no actual or perceived conflict of interest. No confidential information was obtained by Heitner Legal from Mr. Peterson. I view Mr. Peterson's tactics as nothing more than the latest attempt to stall the taking of his deposition."

Added Heitner: "I have no knowledge as to Mr. Peterson's personal assets. Based on experience, creditors with judgments in hand may be able to garnish some of his future wages."

The Redskins report to training camp Wednesday. Peterson will enter camp competing with Derrius Guice for the starting running back position. Peterson, who rushed for 1,042 yards last season, signed a two-year deal worth up to $5 million and includes annual incentives of $1.5 million.

Read 3064 times

Soccer

Alexander-Arnold a doubt for Carabao Cup final

Alexander-Arnold a doubt for Carabao Cup final

EmailPrintOpen Extended ReactionsLiverpool defender Trent Alexander-Arnold is a huge doubt for the L...

Slot: Loss to PSG 'best game' I've been part of

Slot: Loss to PSG 'best game' I've been part of

EmailPrintOpen Extended ReactionsLIVERPOOL, England -- Liverpool head coach Arne Slot described the...

PSG oust Liverpool in shootout to reach UCL last 8

PSG oust Liverpool in shootout to reach UCL last 8

Paris Saint-Germain beat Liverpool 4-1 in a penalty shootout to advance to the Champions League quar...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Zion posts 2nd triple-double in 2 weeks in Pels' win

Zion posts 2nd triple-double in 2 weeks in Pels' win

EmailPrintOpen Extended ReactionsNEW ORLEANS -- Shortly after Zion Williamson's second triple-double...

Cavs win 15th straight for 2nd time this season

Cavs win 15th straight for 2nd time this season

EmailPrintOpen Extended ReactionsCLEVELAND -- The wins and accomplishments keep piling up for the NB...

Baseball

Bello to miss season's start; Devers delays debut

Bello to miss season's start; Devers delays debut

EmailPrintOpen Extended ReactionsFORT MYERS, Fla. -- Boston Red Sox right-hander Brayan Bello won't...

Yankees' Fried eager to step up after loss of Cole

Yankees' Fried eager to step up after loss of Cole

EmailPrintOpen Extended ReactionsPlans for a pair of aces are on hold with Gerrit Cole out for the 2...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated