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Vince Young sues former agent, financial adviser | Newswatch | a Chron.com blog
Vince Young sues former agent, financial adviser
Football star and Houston native Vince Young sued his former agent and former financial adviser late Monday, accusing the men of misappropriating millions since the quarterback was drafted by the Tennessee Titans in 2006.
The suit accuses Youngs former agent, Houston attorney Major Adams II, as well as financial adviser Ronnie T. Peoples and his company, Peoples Financial Services, of fraud, unjust enrichment, conversion, breach of fiduciary duty, usury and breach of contract among other allegations.
Adams and Peoples were in charge of Youngs affairs during his five seasons with the Titans, for which he signed a contract worth at least $54 million.
Austin lawyer Trey Dolezal, who filed the lawsuit for Young, said legal action was required to untangle what happened to a large sum of money that theres no accounting for.
There has been at least some evidence that there has been some fraud and some forgeries using [Youngs] name over the last several years that we believe that Major Adams and Ron Peoples are responsible for, Dolezal said Monday night. We have no idea how much money is missing.
Young, who was released by the Titans after the 2010 season, played for the Philadelphia Eagles in 2011 and signed with the Buffalo Bills last month.
He hired a new agent with a higher profile in NFL circles, Tom Condon, two years ago.
The lawsuit was filed in Harris County civil court.
Vince Young sues former agent, financial adviser
Football star and Houston native Vince Young sued his former agent and former financial adviser late Monday, accusing the men of misappropriating millions since the quarterback was drafted by the Tennessee Titans in 2006.
The suit accuses Youngs former agent, Houston attorney Major Adams II, as well as financial adviser Ronnie T. Peoples and his company, Peoples Financial Services, of fraud, unjust enrichment, conversion, breach of fiduciary duty, usury and breach of contract among other allegations.
Adams and Peoples were in charge of Youngs affairs during his five seasons with the Titans, for which he signed a contract worth at least $54 million.
Austin lawyer Trey Dolezal, who filed the lawsuit for Young, said legal action was required to untangle what happened to a large sum of money that theres no accounting for.
There has been at least some evidence that there has been some fraud and some forgeries using [Youngs] name over the last several years that we believe that Major Adams and Ron Peoples are responsible for, Dolezal said Monday night. We have no idea how much money is missing.
Young, who was released by the Titans after the 2010 season, played for the Philadelphia Eagles in 2011 and signed with the Buffalo Bills last month.
He hired a new agent with a higher profile in NFL circles, Tom Condon, two years ago.
The lawsuit was filed in Harris County civil court.
