Keith Brooking sued for nearly $2 million by bank

AP

Keith Brooking is about to become a free agent, but that’s not why he’s making news this week.

Brooking has been sued in federal court by Wells Fargo for nearly $2 million they allege he owes for two unpaid loans. Brooking took out the two loans for more than $2 million from the bank in the summer of 2008, but they say he still owed $1,996,224.73 as of January and accuse him of trying to shift assets in order to avoid repaying the loans.

“Upon information and belief, beginning in 2008, K. Brooking realized he would not be able to meet his obligations to his creditors, including Wells Fargo. K. Brooking therefore acted to fraudulently transfer his individual wealth and assets, including, but not limited to, transferring real property located in Georgia, Florida and South Carolina to insiders,” the suit, which also includes Brooking’s wife, states.

Brooking, through his agent, denied the accusations.

“There is absolutely no evidence whatsoever to support Wells Fargo’s allegations that Keith transferred any properties to fraudulently conceal assets,” Pat Dye Jr. told the Atlanta Journal-Constitution. “He is absolutely, fiercely defending himself in this lawsuit.”

Brooking’s three-year deal with the Cowboys, worth more than $6 million, ran out after the 2011 season.

28 responses to “Keith Brooking sued for nearly $2 million by bank

  1. Another bad business deal by a player followed-up by fraud to try to decrease his personal losses. Sad. Just focus on tackling, you’re good at that.

  2. People still do business with Wells Fargo? I closed my account with them when I realized I could get more interest by putting my money in a mason jar and burying it in my backyard. Locally-managed credit unions FTW.

  3. Another ex-Cowboy in trouble hmmmm, surprise?
    This is getting to be an everyday occurrence with current and past players. Too bad it puts a bad light on the organization. Oh well, who cares, it’s the Cowboys.

  4. people including lottery winners don’t know how to handle ‘money’… case in point, todays news, lottery winner lady in Michigan still collecting state gov assistance ! wheres the social agency person !

    While most people would love to own a home or pay it off, this character has 3 homes !

    More than 1 million, yes look it up, more than 1 million people more this year will lose their homes to foreclosure… well… subtract this clowns 3 homes now

  5. Reset the Turd meter. This guy must think everybody is stupid except him and his trailer park friends. He better work something out before this goes criminal. He did it or he would be paying the loan back…pure blanco trash.

  6. “Brooking’s three-year deal with the Cowboys, worth more than $6 million, ran out after the 2011 season.”

    As a long career comes to a close, a career where he made God only knows how many millions, the dude is broke.

    Allot of these jocks only graduated because of their football skills and not their smarts.

  7. Hope it’s not true or he gets it straightened out soon. He’s not going to have a whole lot of suitors to pay him a salary. I say he’s back with ‘Boys on a 1 year deal worth the Veterans minimum.

  8. I bet somewhere in his formal answer to Well Fargo’s civil complaint Brooking whined that Wells Fargo was ringing up the damages in an unfair fashion at the end of the loan.

  9. You cowboys haters are a bunch of turds! I have never seen one team be so loved and hated at the same time! If y’all do not like the cowboys, then why comment on every on them? And yes the cowboys are still and always be “AMERICA’S TEAM”!!!!

  10. When I read articles like this, I’m surprised the players didn’t push for better pension and benefits when they retire as it seems more and more of them end up broke or being sued.

    The commish is concerned about player safety to protect them physically. He should be equally concerned about them learning how to protect themselves financially too.

  11. stonecold2112 says: Mar 8, 2012 11:08 AM

    You cowboys haters are a bunch of turds! I have never seen one team be so loved and hated at the same time! If y’all do not like the cowboys, then why comment on every on them? And yes the cowboys are still and always be “AMERICA’S TEAM”!!!!
    _________________________________

    stonecold2112: And you wonder why people hate the Cowboys? It’s mostly because of their arrogant and out-of-touch with reality fans…much like yourself. The Cowboys have been significant in the NFL for over a decade yet they still get way too much press for such an inferior team. But that’s OK, because for the rest of us, there is nothing better than to watch “y’all” wallow in misery year after year!

  12. stonecold2112 says:
    Mar 8, 2012 11:08 AM
    You cowboys haters are a bunch of turds! I have never seen one team be so loved and hated at the same time! If y’all do not like the cowboys, then why comment on every on them? And yes the cowboys are still and always be “AMERICA’S TEAM”!!!!
    “““““““““““““`

    Wrong. The cowboys attempted to name themselves “America’s Team” but as has been proven again and again the most widely loved team in the NFL is the Green Bay Packers.

  13. Real people with real jobs can’t even refinance their mortgages and these clowns get banks to willingly fork over millions to them with nothing but unguaranteed contracts and homes they’ve mortgaged to the hilt for collateral. Is there any wonder why our country is so effin screwed?

  14. Why the hell did he need 2 mil in loans for? I get it if someone making 15k a year can’t live off of it. But averaging 2 mil a year? You’re living so large you need to double it?

  15. A big financial institution like Wells Fargo would not go after $2 million dollars this hard unless they have a very strong case. $2 million to Wells Fargo is like $200 to regular people.

  16. People still do business with Wells Fargo? I closed my account with them when I realized I could get more interest by putting my money in a mason jar and burying it in my backyard. Locally-managed credit unions FTW.

    Your average credit union isn’t going to have the resources for too many of those $2MM loans.

  17. “You cowboys haters are a bunch of turds! I have never seen one team be so loved and hated at the same time! If y’all do not like the cowboys, then why comment on every on them? And yes the cowboys are still and always be “AMERICA’S TEAM”!!!!”

    …Dallas isnt even South America’s team. The only love for this group comes from Dallas. And by Dallas, i mean DALLAS ONLY. They arent even Texas’ team!!!!

  18. @itsnotforme u care cause u wouldn’t have said anything if u didn’t…….but anyways get keith brooking ass the hell outta town and let bruce carter play…

  19. stonecold2112 says:Mar 8, 2012 11:08 AM

    You cowboys haters are a bunch of turds! I have never seen one team be so loved and hated at the same time! If y’all do not like the cowboys, then why comment on every on them? And yes the cowboys are still and always be “AMERICA’S TEAM”!!!!
    ======================
    And you wonder why everyone hates the Cowboys. Hard to believe that people like you still believe that crap. Times change, people change. Get over yourself.

Leave a Reply