NFL Players Major Wright & Terrance Williams Being Sued Over African Diamonds

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Terrance Williams

Wright and Williams decided to get into the diamond business, but are being accused of not repaying a loan.

Wright and Williams operate a diamond trading company called TDW Diamonds, and allegedly borrowed $75,000 last year in order to purchase raw South African diamonds (ranging from 21-31.5 carats).

Problem is … the lenders are saying they still haven’t been repaid, and the interest rate is borderline mafia-level.

According to their lawsuit, lenders Jimmy Michel and Marc Geffrard claim Wright & co promised to repay the loan PLUS 100% interest by March 2012 … a total of $150,000

100% interest? Sounds a little shady, according to TMZ you can’t collect more than 18% on any loan in Florida. Wright and Williams need to be careful, people who charge 100% interest normally have more violent ways to get their money, if they courts don’t work.

1 COMMENT

  1. There has to be more to this story. If they were going direct, they’d have to have more than $75K to be taken serious at the mines as a diamond buyer.

    Diamond speculation has increased. It sounds to me like they got talked into a diamond deal for a $75K stake. It doesn’t sound like a very legit deal either.

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