Gilbert Arenas' assistant convicted of stealing more than $2.1 million
By James Herbert | NBA writer
September 3, 2015 1:17 pm ET
Gilbert Arenas, briefly a Grizzly. (USATSI)
Gilbert Arenas' former personal assistant, John A. White, was convicted of stealing more than $2.1 million from the ex-NBA star from 2008 to 2011. He was found guilty by a federal jury on Wednesday of 11 counts of wire fraud for transferring money from Arenas' accounts to his own, via CSN's Keely Diven.
The money funneled from Arenas was not reported in White's and his wife's joint income tax returns during that span, resulting in four additional counts of filing a false tax-related document.
The U.S. Secret Service assisted criminal investigators from the IRS to build the case. Each count of wire fraud carries a maximum sentence of 20 years in federal prison, while each false document charge carries a three-year maximum sentence.
So where did Arenas' money go? Financial records show that White used it to purchase a Ferrari and a Range Rover in addition to making mortgage payments on his house in Windermere, Florida.
Arenas signed a six-year, $111 million contract extension with the Washington Wizards in 2008, and he was eventually amnestied by the Orlando Magic. Despite not playing in a regular-season game since 2012, he is still being paid by the Magic, as he said in a radio interview a couple of years ago. He played 12 seasons in the NBA.
White will be sentenced in November and faces "dozens of years in prison," per the Associated Press.
By James Herbert | NBA writer
September 3, 2015 1:17 pm ET
Gilbert Arenas, briefly a Grizzly. (USATSI)
Gilbert Arenas' former personal assistant, John A. White, was convicted of stealing more than $2.1 million from the ex-NBA star from 2008 to 2011. He was found guilty by a federal jury on Wednesday of 11 counts of wire fraud for transferring money from Arenas' accounts to his own, via CSN's Keely Diven.
The money funneled from Arenas was not reported in White's and his wife's joint income tax returns during that span, resulting in four additional counts of filing a false tax-related document.
The U.S. Secret Service assisted criminal investigators from the IRS to build the case. Each count of wire fraud carries a maximum sentence of 20 years in federal prison, while each false document charge carries a three-year maximum sentence.
So where did Arenas' money go? Financial records show that White used it to purchase a Ferrari and a Range Rover in addition to making mortgage payments on his house in Windermere, Florida.
Arenas signed a six-year, $111 million contract extension with the Washington Wizards in 2008, and he was eventually amnestied by the Orlando Magic. Despite not playing in a regular-season game since 2012, he is still being paid by the Magic, as he said in a radio interview a couple of years ago. He played 12 seasons in the NBA.
White will be sentenced in November and faces "dozens of years in prison," per the Associated Press.
because I shytted on your dumbass thread.
the govt had to find out the shyt was stolen for this dumb nikka
