A starter on Duke's 2010 national championship team is being sued by a New York jeweler for not paying the balance of what he owes after buying $100,000 in custom jewelry that season. Lance Thomas purchased five pieces of diamond jewelry at a cost of $97,800 on Dec. 21, 2009, in the middle of his senior season, according the lawsuit. Documents included with the suit indicate he made a $30,000 down payment and received $67,800 in credit from the firm, which caters to professional athletes. The nearly $68,000 balance remains unpaid. Read more: http://espn.go.com/mens-college-bas...evils-f-lance-thomas-purchased-100000-jewelry
Interesting article from Yahoo! Sports on this - http://sports.yahoo.com/news/ncaab--lance-thomas-lawsuit-could-test-integrity-of-ncaa-.html We'll see if the NCAA has a double standard when it comes to programs like Duke.
well, the loan is probably on its own merit, especially with a 30k down payment, considering they can now repo the jewelry and net 30k profit
