Former Seahawks and Ravens defensive end Michael McCrary has been awarded $33 million after suing his former business partners for fraud involving a condominium project in New Orleans.
The Baltimore Sun reports that a judge awarded McCrary $16 million in compensatory damages, $15 million in punitive damages and $2 million in interest.
The lawsuit focused on a 45-story office building that McCrary and two other men purchased with the intent of converting into condos. After the building was damaged in Hurricane Katrina, McCrary’s business partners collected $12 million in insurance money and then told McCray that the insurance claim was denied. They then sold the building and gave McCrary less money from the sale than he had originally invested.
It is not clear whether McCrary will collect any of the $33 million. The defendants didn’t even show up for the trial, and the ex-wife of one of the defendants said he’s planning to leave the country.
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June 26th, 2008 at 3:07 pm
What a bunch of scumbags.
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Rating: 5 / 5 with 1 rating(s)
June 26th, 2008 at 3:28 pm
This guy already has to practically live in a wheelchair from his football days, now he’s got to deal with people stealing millions from him and leaving the country? Ouch.
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Rating: 5 / 5 with 1 rating(s)
June 26th, 2008 at 5:09 pm
I work in Baltimore, and I ran into him the other day at a gas station on Washington Boulevard. It was almost hard to believe this guy was once a dominant DE, he has lost so much of his playing weight he is actually quite small these days. I guess with his knees in that shape the docs told him to take it easy on the weight. Anyway I introduced myself and shook his hand, he was very humble and seems like a great guy.
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Rating: 5 / 5 with 1 rating(s)