« BACK TO TMZ TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Judge to Allen Iverson:

I'm Garnishing Your Wages

to Pay Back Your Jeweler

1/30/2012 3:05 PM PST BY TMZ STAFF

0130_allen_iverson_getty_ex2Allen 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.

For more sports stories, check out tmzsports.com!
37 COMMENTS

No Avatar
1.

matt    

classic!!

807 days ago
2.

NobodySpecial    

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.

807 days ago
3.

Charlie Sheen's Watch    

Doubt he would be stupid enough to have money in an account that is reachable by the courts.

807 days ago
4.

Mike    

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.

807 days ago
5.

stu    

he owes his babies mama's $ too. Pay up u ex NBA hoe!

807 days ago
6.

awards    

That's a lot of Bling Bling!

807 days ago
7.

KicksandGiggles    

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!!!!

807 days ago
8.

The Love Sponge    

Man Up! Only women wear lots of jewelry. Learn that from your mama. Buffoon

807 days ago
9.

UPYOURS    

Pay your damned bills. People like this are the reason our country is in the financial dumper.

807 days ago
10.

Michael Jackson Was A Pedo    

Oh black people..

807 days ago
11.

Seldombinlaid    

Close to a mil! Goodness dude. Trying to look like Mr. T? :) I suppose small change for this man. Pay Up!

807 days ago
12.

Mumra the Ever Living    

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.

807 days ago
13.

Sunset Strip Dealer    

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.

807 days ago
14.

whocares    

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.

807 days ago
15.

goaway    

Writ of Attachment..if the bank account disappears...next will be the house...sounds like A & C ain't playing around.

Get em.

807 days ago
| 1 | 2 | 3 | Most Recent | Next 15 Comments

Around The Web