Allen Iverson's bank account has been commandeered by a Georgia judge ... who's garnishing the former NBA star's earnings so A.I. can repay a 6-figure debt to his flashy GA jeweler.
According to court papers obtained by TMZ ... Iverson was sued back in 2010 for allegedly stiffing Aydin & Company Jewelers on a $375,000 bill.
The records show ... A.I. never responded to the lawsuit ... so a default judgement was issued in favor of the jewelry store ... allowing A&C to collect $859,896.46 for the bling, court costs, interest and attorneys fees.
But A.I. still didn't pay ... so earlier this month .. the judge signed off on an order which allows the store to recoup their loss directly from Iverson's Wells Fargo bank account.
So far, it's unclear if the store has received its money. Calls to Iverson's rep have not been returned.
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If Iverson actually has any money in that account or anywhere they can grab, then they should get it. It's not that I am in favor of lawsuits or bank account seizures (It's not garnishing if they grab the bank) what I am saying is that when the sh-t starts to hit the fan you make your possesions dissapear. Only an idiot keeps all their "bling" out there for the courts to grab. Everyone should understand how simple it is to do this and remember it if your life ever falls apart and the collectors start calling.
Doubt he would be stupid enough to have money in an account that is reachable by the courts.
TMZ, Why does your headline read that the judge is garnishing his WAGES, when he is actually levying his BANK ACCOUNT? Your headline makes no sense.
And yet, there are idiots who still don't think the rich should pay taxes in proportion to their income. AI was rocking $20million contracts and this is just paperboy tip money for him. Another example how lax the rich are about money so tax them because the middle class doesn't have anything left to give to get this economy going!!!!
Man Up! Only women wear lots of jewelry. Learn that from your mama. Buffoon
Pay your damned bills. People like this are the reason our country is in the financial dumper.
Close to a mil! Goodness dude. Trying to look like Mr. T? :) I suppose small change for this man. Pay Up!
That jeweler, and anyone else who is owed money by Allen Iverson should go and get their cash NOW!!! This dude will be bankrupt before long - that is, if he isn't already in chapter 11. He spends money like he's still a star - He's not in the NBA - or any other team for that matter. Stick a fork in him, his career is cooked.
They say 70 to 80% of these NBA morons are broke a few after they no longer play. But then again he was not in the NBA for his cranium.
So they AREN'T garnishing wages. They have a lien on his bank account and are seizing his assets. Thanks for clearing up your misleading title.
