Iverson Wages Garnished
February 6, 2012 by staff
Iverson Wages Garnished, A Georgia judge commandeered the bank account of former NBA star Allen Iverson in order to pay out a substantial debt for an unpaid jewelry bill in a summary judgement on Monday.
The judge will garnish Iverson’s earnings to allow Aydin and Company Jewelers to collect $859, 896.46 for the jewelry bill, court costs, interest and attorney fees, according to a TMZ.com report.
Former Philadelphia Sixers and Denver Nuggets star Allen Iverson will have his wages garnished for an unpaid jewelry bill. (AP Photo)
The company initially sued Iverson in 2010 for failing to pay a $375,000 bill.
Over the course of two years, the grand total ballooned until a judge finally granted the store access to Iverson’s Wells Fargo bank account, TMZ.com reported. Iverson was not present for the judgment and his representatives did not respond to calls, according to TMZ.com.
Iverson, who is currently out of the NBA, spent 14 seasons with the Philadelphia 76ers, Denver Nuggets, Detroit Pistons and Memphis Grizzlies. He averaged 26.7 points, 6.2 assists and 3.7 rebounds for his career, most of which was spent in Philadelphia. Iverson made over $154 million in his time in the NBA, peaking at $20 million in 2008-09, according to basketball-reference.com.
Iverson’s most successful season on the court might have come in the 2000-2001 season when his Sixers lost 4-1 to the Los Angeles Lakers in the NBA Finals. The 6-foot guard averaged 31.1 points per game and was named the league’s MVP for the regular season.
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