Champ Kind Posted September 9, 2016 Share Posted September 9, 2016 By Jim Forsyth SAN ANTONIO (Reuters) - Retired NBA superstar Tim Duncan's former financial adviser has been indicted on federal fraud charges accusing him of bilking the long-time San Antonio Spurs player out of millions of dollars, court papers unsealed on Friday showed. Charles Banks, 49, was indicted by a grand jury on two counts of federal wire fraud on suspicion of defrauding Duncan, U.S. prosecutors in Texas said. The indictment identified Duncan, 40, only by his initials, but his lawyer confirmed that it referred to the five-time NBA champion and that the amount misappropriated by Banks through a series of financial schemes totaled $7.5 million to $13 million. View the full article Quote Link to comment Share on other sites More sharing options...
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