Showing posts with label Court. Show all posts
Showing posts with label Court. Show all posts

Thursday, March 26, 2009

Digging the hole ever deeper

So Michael Vick is back in the news again, and yet again, it's for the wrong reasons.

I have linked to a reasonable, but incomplete AP article on the fact that Vick is being targeted by federal authorities again. This time for illegally dipping into MV7's, his company's, pension plan to the tune of $1.7 million in order to benefit himself. Those benefits included using at least a portion of the money to pay restitution ordered as part of his dog fighting conviction/plea.

As the trustee of a company's pension plan, this is a big federal no no.

The AP story fails to mention how. So let's address that...

When Vick entered his plea to the dog fighting charges, he was a first time offender, and as such, got off with a light sentence based on sentencing guidelines. Now the U.S. Department of Labor is alleging that Vick, in order to address one federal offense, committed a second one. The law that Vick allegedly violated is US Code: Title 18, Part 1, Chapter 31, Section 664 and reads as follows -

Any person who embezzles, steals, or unlawfully and willfully abstracts or converts to his own use or to the use of another, any of the moneys, funds, securities, premiums, credits, property, or other assets of any employee welfare benefit plan or employee pension benefit plan, or of any fund connected therewith, shall be fined under this title, or imprisoned not more than five years, or both.

As used in this section, the term “any employee welfare benefit plan or employee pension benefit plan” means any employee benefit plan subject to any provision of title I of the Employee Retirement Income Security Act of 1974.
It is interesting to note that Vick's bankruptcy does not absolve him of his fiscal responsibility to any pension plan he set up for his employees. And, if the allegation is true, Vick, in essence, stole $1.7 million from his employees, apparently with the aid of two of his fiscal advisers.

This severely complicates things going forward for Vick. According to the AP report -

Vick's plan for paying his creditors is based largely on his intention to resume his NFL career. Vick was suspended indefinitely after his 2007 indictment, and NFL Commissioner Roger Goodell has said he will review Vick's status after he is released.

The Falcons still hold the contract rights to Vick but have said they will try to trade him. Vick's bankruptcy plan would allow him to keep the first $750,000 of his annual pay. After that, a percentage would go to his creditors based on a sliding scale.

In essence, Vick's future earnings are already being garnished to pay off his debts and the plan is based on the idea that he will return to playing football. As if Goodell didn't have enough ammo in regards to Vick between the dog fighting, lying to the NFL, and getting nailed for drug use while awaiting trial, now there's this. With this additional violation of federal statute, not only does it allow Roger Goodell to extend the suspension, it also looks like there may very well be additional jail time for Vick, whose stupidity seems to know no bounds.

And before I have the occasional meat-head that yells that it's a racial thing and the government is just trying to keep a black man down, let's remember that Randy Moss, Terrell Owens, and Warren Moon have all done quite well in spite of their bone-headed moves, and none of them ended up in jail.



Friday, July 20, 2007

The number 95 and other thoughts produced by the two cells that are left...

There are a lot of things that Michael Vick should be worried about in this case -

He should worry about the sheer amount of details in the indictment that include where and when dogs were purchased, the actual amounts bet on fights, locations of the fights, and the fact that there are at least four witnesses for the prosecution listed in the indictment.

He should worry that his cousin who was so ready to take the fall for him a month ago, even going so far as to have a press conference during which he admitted culpability and denied Vick has any knowledge, appears nowhere in the indictment.

He should worry about the timing and the fact that the Federal court in Richmond is known as the fastest in the country at pushing cases through the courtroom.

He should worry about the fact that it's the federal judiciary rather than some local like Mike Nifong who was incompetent or Surry County District Attorney Gerald Poindexter who was dragging his feet on the investigation, and likely to let it drop.

Most of all he should worry about the number 95. That's the percentage of criminal cases in federal court which result in a conviction. There are a number of other people who have a lot more money than Vick who are now behind bars after being dragged into the federal judiciary. Anyone remember Enron and their brain trust?

There are claims of racism already appearing in some quarters, others are alleging that it's because Vick's a celebrity, however, I put it to you, ask the average - and I emphasize AVERAGE - Michael Vick fan from a predominantly black community in Georgia to tell you who Ken Lay was...I give an outside chance at best that the individual will know who that was and that he was nailed by the feds.

Also, if this had been some white guy, Samoan, or even black guy who was a back-up lineman making league minimum with the Falcons, I guarantee he would be cut already. If anything, I would say that Vick's celebrity has thus far protected him as anyone of his previous transgressions - the water bottle, flipping off the fans, smoking the roach on the girlfriend's MySpace page - would have gotten a bottom of the roster player cut.

Baseball writers need to...

Get off the Bud Selig's back about attending Barry Bonds perversion of baseball's biggest record. I am no Bud Selig fan, but this constant whining from the writers - particularly the ones at ESPN - needs to stop.

Selig does not need to be there - get over it.

The vast majority of writers turned as blind an eye to the problem as any of the owners - at whom the writers point their fingers, seldom lumping themselves in as culpable. Now they seem to be beating on Selig as though making him the bad guy in all this gives them a pass on "celebrating the record" as it should be...to paraphrase ESPN's Buster Olney. Olney is among those that think it would be a travesty for Selig to not be there, because it would belittle the breaking of the record.

His argument is that it seems as though Bonds has become the scapegoat for the entire era and that people have forgotten that Bonds was not the only one on the juice, and that's not fair.

Nobody has forgotten that others were juicing - Sammy Sosa, Mark McGuire, and Rafael Palmiero are still talked about regularly. There are still whispers of why Pudge Rodriguez got a lot less pudgy when the testing was instituted and why Roger Clemens, after three years of decline in his 30's, suddenly seemed to be 25 again...after being on a Red Sox team with Jose Canseco

It feels to me like the baseball press is trying to make Selig the bad guy in this just so they can make themselves feel better about covering this travesty. The man has cheated the game and the its fans and the writers will once again be culpable in the sham that will be the home-run record.

I guess there are those that learn history and are doomed to repeat it anyway.