According to the Sporting News, a Georgia judge just took over Iverson's Wells Fargo bank account. This is what might eventually happen when someone has purchased roughly $860,000 worth of jewelry on credit, but never pays for it. For some odd reason, merchants get a little testy after a while about those sort of minor details.
But where does the fault really lie? Let's look closer.
The merchant involved is called Aydin and Company, based in Atlanta, Georgia. Amongst other services, Aydin deals in a wide variety of high-priced bling. You name it, they got it, or they'll get it. Over the years, they've tried to appeal to rap artists, pro athletes, and others that might be interested in their products.
But that's where things stop making sense, at least in Iverson's case.
Back in 2010, Aydin sued Iverson for $375,000 over a bill he allegedly hadn't paid. That's a pretty decent chunk of change to most folks. Personally, if someone owed me a measly few hundred bucks for a couple years, and had never attempted to begin paying it off -- I don't think I'd be extending their line of credit -- but that's just me.
Evidently, Aydin saw it differently. Even if the judge threw in court costs (which is a double-dip rip-off anyway, considering they're already paid for by tax dollars), interest, and attorney fees, it's highly doubtful that added up to another $485,000.
Bottom line? They likely let Iverson keep buying even more stuff on credit. How dumb is that? And whose fault is it?
A Google search reveals that a man named David Aydin seems to be in charge of this company.
I wonder if he has silent partners named Abettin, Enayblin, and Suin.....
Iverson's self-adopted nickname is "The Answer". Just a thought, but maybe some people need to start asking him tougher questions....
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