Buffalo Bills quarterback Vince Young filed suit against his former agent and former financial adviser, accusing them of fraud, unjust enrichment,breach of fiduciary duty, usury and breach of contract, and asked the court to determine exactly what happened to a large share of the money he invested with the men.
Young signed a $54 million contract with the Tennessee Titans after being drafted in 2006. After leaving the Titans in 2010, he played for the Philadelphia Eagles before joining the Buffalo Bills this year, the Houston Chronicle noted.
In court papers, Young alleges that ex-agent Major Adams II and Ronnie T. Peoples, head of Peoples Financial Service, mismanaged his finances, leaving him with at least a $5.5 million loss.
Another $13 million is “untraceable” in his Peoples Financial Service accounts, Young claims.
Young’s attorney suggested that Adams and Peoples might have engaged in fraud and used Young’s forged signature to siphon money from the football star.
The Houston Chronicle noted that Adams, a family friend of Young’s had been an “unconventional choice” to represent Young during the early days of his career.
Young has since hired a mainstream sports agent.
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