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.