Cowboys’ Darren McFadden sues ex-financial planner

Thursday June 9th, 2016

Your teams. Your favorite writers. Wherever you want them. Personalize SI with our new App. Install on iOS or Android.​

Dallas Cowboys running back Darren McFadden has sued his former financial planner for $15 million, claiming he mishandled millions of dollars, according to the Associated Press.

The lawsuit was field in federal court Tuesday against Michael Vick of Mabelvale, Arkansas, along with 10 others identified as “Doe.”

Vick, who is not the former NFL quarterback, declined to comment on the matter.

McFadden claims that Vick, who is family friend, according to the Dallas Morning News, used fraudulent documents to gain power of attorney and then created financial records to cover up fraud. McFadden discovered the fraud after Vick tried to sell him a building purchased with his own money.

Vick also reportedly lost $3 million of McFadden’s money in a failed bitcoin business venture. 

Browns tight end E.J. Bibbs collects on loss-of-value insurance policy

McFadden hired Vick to handle his finances after being drafted by the Oakland Raiders in 2008. The running back revoked Vick’s power of attorney in May.

The two-time Heisman winner has made an estimated $46.7 million during his NFL career. 

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide — from Peter King, Tom Verducci, Lee Jenkins, Grant Wahl, Andy Staples and more — delivered straight to you, along with up-to-the-minute news and live scores.