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NFL Star Major Wright

Sued Over Giant African

Diamonds

10/10/2013 12:20 AM PDT BY TMZ STAFF
EXCLUSIVE

1010-Major-Wright-getty
NFL star Major Wright just got into serious heat over his side hustle -- AFRICAN DIAMONDS -- and now he's being chased down by a couple of scary loan sharks.

Here's the short of it ... when he's not playing ball, Wright operates a diamond trading company called TDW Diamonds, and allegedly borrowed $75,000 last year in order to purchase raw South African diamonds (ranging from 21-31.5 carats).

Problem is ... the lenders are saying they still haven't been repaid, and the interest rate is borderline mafia-level.

According to their lawsuit, lenders Jimmy Michel and Marc Geffrard claim Wright promised to repay the loan PLUS 100% interest by March 2012 ... a total of $150,000 ... but that never happened.

1009-subasset-major-terrance-01
It's now been more than a year and Michel and Geffrard say they still haven't been paid. They're suing for the full $150,000 plus even more interest.

P.S. -- the loan sharks are gonna get screwed because under Florida law, if anyone charges more than 18 percent on a loan, they forfeit their right to collect any interest at all. So, by (allegedly) signing a dumb contract, the two footballers may have outsmarted the sharks in the end. 

Calls to Wright weren't returned.

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

No Avatar

1.

NOT ELMO    

They're suing for the full $15O,OOO.OO plus even more interest...................NAIL THEM HARD !

345 days ago
2.

macknassjones    

F@#k them

345 days ago
3.

Anonymous    

There are a lot of states with that similar 18% cap on interest, but that has always made me wonder why credit card companies can charge more, so as high as 30%. Why are they exempt?

345 days ago
4.

royalredus    

Oh don't worry. Those loan sharks WILL get justice, one way or another.

345 days ago
5.

Ultraworld    

If you buy a Diamond that originates in AFRICA, you're buying conflict diamond. It's that simple. Diamonds are not rare and are in huge supply. Stop buying them

345 days ago
6.

Jull    

I've thought only various Personal Money Services online could charge such loans from the consumers, but for sure the loans are nothing like 75000. I guess the footballers have really outsmarted the sharks and most likely they knew what they were doing.

201 days ago

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