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Ex-NBA Star Kevin Garnett Claims Accountant Tricked Him Out of $77M

The former Celtics and Timberwolves player claims his accountant helped a wealth manager take tens of millions.

Former NBA star Kevin Garnett is suing his accountant for allegedly helping a wealth manager steal $77 million from him, according to a Friday report from the New York Daily News. The suit claims that Kentucky-based accountant Michael Wertheim and Welenken CPAs engaged in federal malpractice by allowing Charles Banks IV of Atlanta to defraud the athlete—who’s played for the Boston Celtics, Minnesota Timberwolves, and Brooklyn Nets—out of tens of millions of dollars. Wertheim, the suit alleges, “possessed actual knowledge that Banks was helping himself to millions of dollars of Garnett’s money and did nothing about it.” An attorney for the defendants denied all charges, telling the Minnesota Star Tribune that he will “vigorously” fight the suit. Banks, who is not named in the suit, was sentenced last year to four years in prison for defrauding former San Antonio Spurs player Tim Duncan.