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Tank Black Tanked For Not Making Restitution Payments

Back in 2009 I reviewed Tank Black’s book titled, Tanked! The Tank Black Story.  Black wrote the book roughly a year post-release from prison.  He found his way behind bars in July 2000 after being accused of stealing money from clients and illegally paying money to college players to induce them to sign with his company, along with engaging in money-laundering and securities fraud.  Black’s name is forever attached to the sports agent profession based on the fact that he represented some of the best football players who have ever played the game, and threw it all away by making stupid decisions.  It looks like Black is back to not thinking with his head.

Yesterday, the Gainesville Sun reported that Black will be performing a comeback tour in federal prison starting in September 8, 2011.  He will spend an additional six months behind bars for failing to make his mere $250 per month restitution payments that were required through his sentence for money laundering and fraud.

By Darren Heitner

Darren Heitner created Sports Agent Blog as a New Year's Resolution on December 31, 2005. Originally titled, "I Want To Be A Sports Agent," the website was founded with the intention of causing Heitner to learn more about the profession that he wanted to join, meet reputable individuals in the space and force himself to stay on top of the latest news and trends.

Heitner now runs Heitner Legal, P.L.L.C., which is a law firm with many practice areas, including sports law and contract law. Heitner has represented numerous athletes and sports agents as legal counsel. He has also served as an Adjunct Professor at Indiana University Bloomington from 2011-2014, where he created and taught a course titled, Sport Agency Management, which included subjects ranging from NCAA regulations to athlete agent certification and the rules governing the profession. Heitner serves as an Adjunct Professor at the University of Florida Levin College of Law, where he teaches a Sports Law class that includes case law surrounding athlete agents and the NCAA rules.

3 replies on “Tank Black Tanked For Not Making Restitution Payments”

Where did the $4mil recovered from Vince Carter go? I find it hard to believe in our current date in time $4mil can get up and walk out. Cayman Islands wire transfer or something like that perhaps? It’s just disgusting what this guy did to so many players and appears to continue to do by failing to pay his restitution (even though it was a measly $250/month).

Where did the $4mil recovered from Vince Carter go? I find it hard to believe in our current date in time $4mil can get up and walk out. Cayman Islands wire transfer or something like that perhaps? It’s just disgusting what this guy did to so many players and appears to continue to do by failing to pay his restitution (even though it was a measly $250/month).

Where did the $4mil recovered from Vince Carter go? I find it hard to believe in our current date in time $4mil can get up and walk out. Cayman Islands wire transfer or something like that perhaps? It’s just disgusting what this guy did to so many players and appears to continue to do by failing to pay his restitution (even though it was a measly $250/month).

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