The "deteriorating financial condition" of Michael Vick has prosecutors out to secure nearly $1 million now in funds set aside specifically for care of the pit bulls seized from his dogfighting operation, ESPN reports.
The federal government asked Judge Henry Hudson to issue a restraining order that essentially would freeze $928,000 to fulfill Vick's legal obligation to cover costs of caring for the dogs and finding homes for them.
Michael Vick is looking at a prison term of up to five years when he is sentenced December 10 on a federal dogfighting conspiracy conviction. He voluntarily turned himself in and began serving his prison term as of early Monday.
As part of his plea, Vick agreed to restitution for the care and placement of the 54 pit bulls confiscated from his "Bad Newz Kennelz" property. A number of issues threaten Vick's ability to make good on the agreement:
- An arbitrator's ruling that Vick repay the Atlanta Falcons nearly $20 million in bonuses.
- A lawsuit by Wachovia Bank claiming Vick and others defaulted on a $1.3 million loan for a wine store.
- Royal Bank of Canada's lawsuit seeking payment for default on a $2.5 million credit line.
- A lawsuit by 1st Source Bank of South Bend, Ind., seeking at least $2 million for loans involving a rental car business.
Michael Vick's troubles began when a drug investigation of his cousin in April turned up dogs and equipment used in dogfighting.
This summer, Vick and three other co-defendants pleaded guilty to dogfighting and conspiracy charges. Vick, suspended indefinitely by the NFL, admitted to helping kill 6-8 pit bulls and supplying money for gambling on dogfights.
The four men also face state felony charges. Vick has been charged with two state felony counts, punishable by prison - beating, killing or causing dogs to fight other dogs and engaging in or promoting dogfighting.