ESPN: The federal Department of Labor is accusing impri...

ESPN: The federal Department of Labor is accusing imprisoned NFL
star Michael Vick of illegally withdrawing more than $1.3 million
from a pension plan. The department filed complaints Wednesday
against Vick in federal district and bankruptcy courts in Newport
News. Vick attorney Mark Lichtenstein declined to comment on the
complaints. The department says Vick made a series of prohibited
transfers from a pension plan sponsored by MV7, a celebrity
marketing company owned by the former Falcons quarterback. The
department alleges that Vick violated his duties as trustee of a
pension plan that covered nine current or former MV7 employees.
"This action sends a message that the Labor Department will not
tolerate the misuse of plan money and will take whatever steps
necessary to recover the assets owed to eligible workers,"
Secretary of Labor Hilda L. Solis said in a prepared statement.
The department also accused two of Vick's former financial
advisers, Mary R. Wong and David A. Talbot, of participating in
some of the transfers.

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Filed Under: 2010, Preseason

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