Former Kings official, now with Heat, David investigated for allegedly embezzling $13M from team
David is suspected of embezzling about $13 million from sponsorship transactions and buying Southern California real estate with the money
Jeffrey David, a former Kings executive now with the Miami Heat, could be in trouble.
Per ESPN, The Kings said the FBI and federal prosecutors took formal action Monday to recover money former chief revenue officer Jeffrey David is suspected of embezzling. David holds the same position with the Miami Heat after leaving the Kings in June.
A person with knowledge of the investigation told The Associated Press that David is suspected of embezzling about $13 million from sponsorship transactions and buying Southern California real estate with the money.
Per ESPN, The Kings said the FBI and federal prosecutors took formal action Monday to recover money former chief revenue officer Jeffrey David is suspected of embezzling. David holds the same position with the Miami Heat after leaving the Kings in June.
A person with knowledge of the investigation told The Associated Press that David is suspected of embezzling about $13 million from sponsorship transactions and buying Southern California real estate with the money.
E. Carchia
@Sportando
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