Report: Young sues former agent, adviser

Posted June 12, 2012 @ 8:57 a.m.
Posted By PFW staff

Bills QB Vince Young has sued his former agent and financial advisor alleging fraud and other misconduct, The Houston Chronicle reported.  

According to the Chronicle, the suit alleges that Young lost "no less than approximately $5.5 million" while his finances were managed by Ronnie T. Peoples, who runs Peoples Financial Services of Raleigh, N.C. According to the Chronicle, Peoples and Major Adams, who was Young's agent to begin his career, managed the quarterback's finances. 

The suit also alleges that close to $13 million of Young's money was "untraceable" in records kept by Peoples, according to the paper. 

Young is currently represented by Tom Condon. 

As the third overall pick in the 2006 draft by Tennessee, Young received a six-year, $58 million contract with $25.9 million in guarantees. 

Young played for the Titans for five seasons. He was the Eagles' backup quarterback in 2011. He's expected to back up Ryan Fitzpatrick in Buffalo this season.