Newly signed Buffalo Bills quarterback Vince Young is suing his former financial advisor and former agent for fraud and breach of contract for "losing" at least $5.5 million.
Young has filed suit in Harris County civil court in Houston against his financial advisor, Ronnie T. Peoples of Peoples Financial Service Inc. in Raleigh, N.C., and his former agent, Houston lawyer Major L. Adams II.
The suit charges the two with fraud, unjust enrichment, conversion, breach of fiduciary duty, usury and breach of contact, according to Young's attorney, Trey Dolezal of Austin.
Some of the offenses may have involved forgeries of Young's name. Millions of dollars are unaccounted for, Dolezal says. The money that is missing is from the five years that Young played for the Tennessee Titans, during which he was paid $54 million. Young is originally from Houston and was a national champion in Texas.
Young played for the Philadelphia Eagles last year and was signed by Buffalo last month. Two years ago he hired a new agent, Tom Condon, who has a higher profile in NFL circles, and Joey Feste of KM Capital in Austin is now his financial advisor.
Neither Adams nor Peoples returned telephone calls.
-Karen DeMasters