Michael Vick showed contrition in bankruptcy court today for the dogfighting that landed him in federal prison, the Atlanta Journal-Constitution reports. “I committed a heinous act,” said the suspended NFL quarterback, moved from a Kansas prison to appear at the Virginia hearing. “It was very irresponsible.” Vick is fighting for approval of a bankruptcy agreement that would see him keep the first $750,000 of his annual income, with the rest going to creditors.
Vick testified that he had been swindled by duplicitous financial advisers. One convinced him to buy $90 million in life insurance, which cost Vick $1.2 million annually in premiums. Others took money for investment and simply never called the former Falcons star again.