Vick Regrets 'Heinous' Dogfights

Disgraced QB testifies to being fleeced by financial advisers
By Nick McMaster,  Newser Staff
Posted Apr 3, 2009 12:07 PM CDT
NFL star Michael Vick leaves federal court after pleading guilty to a dogfighting charge in Richmond, Va., in this 2007 photo.   (AP Photo)
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(Newser) – 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.