Per ESPN.com:
The indictment alleges that Vick and his co-defendants began sponsoring dogfighting in early 2001, the former Virginia Tech star's rookie year with the Falcons.
The Falcons quarterback was indicted for conspiracy to travel in interstate commerce in aid of unlawful activities and to sponsor a dog in an animal fighting venture in U.S. District Court for the Eastern District in Richmond, Va. Three others -- Purnell Peace, Quanis Phillips and Tony Taylor -- also were indicted by the grand jury on the same charges.
No word yet as to whether or not Vick will be facing an additional charge of impersonating an NFL quarterback.
This will no doubt be a topic of conversation on the SBNation Sports Report, which you can hear by clicking the little graphic on the right-hand side here. It starts at 9 PM Eastern/8 Central/7 Mountain/6 Pacific/4 in Hawai'i. BigBlueShoe and TheSportsGuru will also have Mike Tanier from FootballOutsiders.com on the program tonight. Should be a very interesting listen. . .and if you've never heard the show before, no better time to start than the present!