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Details on a Michigan bank suing Sergei Fedorov

From Tarik-El Bashir of the Washington Post:

Sergei Fedorov is being sued by a Michigan bank that says the Washington Capitals center has failed to pay more than $2 million in loans taken out four years ago.

According to a lawsuit filed Monday in Macomb County (Mich.) Circuit Court, Fedorov owes Citizens State Bank more than $2.1 million on two separate loans — one for $1.75 million and another for $500,000. The first loan was made in December 2004, the second in April 2005.

Read the entire article here.

Why on earth was Sergei Fedorov taking out loans???????????