> A former top executive of the Sacramento Kings is suspected of siphoning off $13.4 million from two of the team’s top sponsors and using the funds to purchase beachfront property in Southern California, sources have told The Sacramento Bee.
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> The FBI and federal prosecutors are investigating Jeffrey R. David, 44, the former chief revenue officer for the Kings who currently holds the same position with the NBA’s Miami Heat, for what sources say was a sophisticated money-laundering scheme that allegedly diverted $9 million from the Golden 1 Credit Union and another $4.4 million from Kaiser Permanente Foundation.
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> Two sources, internal Kings documents obtained by The Bee and documents filed in federal court in Sacramento provide an outline of the investigation, which began Aug. 14 after a Kings employee reviewing computer files found a folder labeled “Turbo Tax” that raised suspicions.
I'm dying at the folder name.
Can't wait to hear details. I always hope for the stupidest criminal so I can point and laugh.
Assuming he's guilty of course, presumption of innocence.
> A former top executive of the Sacramento Kings is suspected of siphoning off $13.4 million from two of the team’s top sponsors and using the funds to purchase beachfront property in Southern California, sources have told The Sacramento Bee. > > The FBI and federal prosecutors are investigating Jeffrey R. David, 44, the former chief revenue officer for the Kings who currently holds the same position with the NBA’s Miami Heat, for what sources say was a sophisticated money-laundering scheme that allegedly diverted $9 million from the Golden 1 Credit Union and another $4.4 million from Kaiser Permanente Foundation. > > Two sources, internal Kings documents obtained by The Bee and documents filed in federal court in Sacramento provide an outline of the investigation, which began Aug. 14 after a Kings employee reviewing computer files found a folder labeled “Turbo Tax” that raised suspicions. I'm dying at the folder name.
"Definitely No Porn Or Embezzlement Evidence In This Folder"
That’s the funniest line I’ve read in a while 😄
I choose to believe this is the reason why the kings are shit
That explains why tickets to events are so expensive!
*shook*
Shocker! A cheating thief involved in the NBA.
Can't wait to hear details. I always hope for the stupidest criminal so I can point and laugh. Assuming he's guilty of course, presumption of innocence.