Modell's CEO Is Being Sued for Ballin' Out of Control

Modell’s Sporting Goods CEO sued for using company funds to pay for his lavish lifestyle, which includes $7M on vacations and steaks.

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Complex Original

Image via Complex Original

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The next time you drop close to $200 on a pair of Air Jordan sneakers at a Modell's Sporting Goods store, this is where your money's going. The athletic apparel retail chain's CEO, Mitchell Modell, is being sued by his sister-in-law, Abby Modell (the widow of former CEO Michael Modell), for funding his lavish lifestyle with company funds.

The suit claims that outlandish charges from Mitchell include spending $116,250 at a steakhouse in one day, $50,000 for a vacation to Puerto Rico, and over $90,000 for three Disney World trips. Welp, this just takes ballin' to another level. When those new retro Js drop, just know you're basically funding this man's next vacation.

[via Business Insider]