He got to work revising the original paperwork, forging team president Chris Granger's signature and sending a digital file back to Kaiser. "It seemed out of sorts from what our morals and core values were," Peterson said. Jeff's mother-in-law and her partner had arrived the previous night to help wrangle the kids while Jeff and his wife, Kate, led their family from their rental home in Coconut Grove. "That was a man, this is taking me back. He tries to establish a personal rapport with the government's lawyers, but few professions are more impervious to a salesman's charm than that of government lawyer. I have to stay with this. Director, Coaching Analytics and Strategy, Melanie StockingSr. Inside The Money Laundering Scheme Of A Former Sacramento Kings Executive Matina Kolokotronis - Greater Sacramento Economic Council From the front row of the gallery, she stares into the distance. "It was particularly difficult for us because we had previously been witnesses to many occasions on which his strong moral compass was in clear view in far less profound situations," she says. On the flip side of the coin, those young talents can be the fire starters for other key franchises who are on a looking to move up in the draft, specifically the lottery, and give the Kings more stability rather than more super team, just young.. 2020 CBS Broadcasting Inc. All Rights Reserved. [4], McNair earned a Bachelor of Science degree in computer science from Princeton University in 2006. We expect you to tell us everything you know, and if you plan to do anything apart from that, let's go our separate ways, because lying is worse than telling us nothing at all.". [15] "I'm going to tell you, but I need you to hear me out," he says. David and Golden 1 had a deal structure that included 20 annual payments averaging $5.5 million. One week after her first foray into David's underworld, Wegzyn had struck the mother lode. One Kings co-worker considered him the sort of oleaginous salesman who'd go into business with anyone. It's a seemingly innocuous inquiry from an HR lifer. Grapevines and Teslas lined the driveway of Ranadive's 3-acre chateau; his glass-bottom pool was covered with flooring beneath an expansive tent. He strongly suspects he's the perpetrator of a felony. "This happened over many, many years.". She searched David's emails for any connection to the address in Manhattan Beach or Sacramento Sports Partners. Stacy and Mark bid schmaltzy parental farewells to their daughter, whom they settled at school, then reversed course back to Sacramento. There have been suggestions that Snyder may have taken the job in part to have a bigger say in roster changes when Williams spoke to Snyder she got the impression that while Fields and . McNair was then promoted to director of basketball operations in 2013, VP of basketball operations in 2016, and assistant GM in 2018. she screams at Jeff, who seems oddly sanguine for a man who suddenly doesn't have the liquidity to order takeout. Jabour made his NBA debut as Daryl Moreys first scouting/personnel hire with the Houston Rockets in 2006. Call 1-800-GAMBLER. No alert, no explanation. The mutual trust between David and the sponsors was unassailable -- enough to even navigate a snafu that could have derailed his entire scheme. "I'm in really big trouble," Jeff says to Kate's mother, Nancy, and her partner, Rich. While working for the Rockets team, his organization reached the NBA playoffs for eight consecutive years, including two Western Conference Finals appearances. The fine line between young talent and win-now veterans will be Monte McNairs delicate dance. Kings Add 3 Executives to the McNair-Led Front Office But it's one that will dictate the rest of Jeff David's life. Choose at least two teams from the menus below to start your trade. Select the players you wish to trade from the rosters below. Dec. 2018: David pleads guilty Starting in 2026, the annual installments due on July 1 of each year were reduced by either $500,000 or $1 million for the duration of the deal. Wegzyn figured a quick tour of his file directory would produce something, so on Tuesday, six days before the FBI sting in Miami, she'd had the Kings' IT department download an archive from their shared cloud system. FOR JEFF DAVID, the summer of 2017 was one of those times when the reality of a man's life surpasses even his dreams. Everyone will get their money back, and it'll be OK. A spokesperson noted that CBS13 has covered many of their efforts to give back and pointed to several examples of our own coverage ranging from a story about joint effort with the 49ers to donate face coverings for health care providers, to a story about donations of food and money from the Kings players themselves. Confirm that your trade proposal is valid according to the NBA collective bargaining agreement. (4/8/20), Coronavirus Help: Kings Players To Donate More Than 1,000 Meals To Community, CBS Sacramento, 4/8/20, Kings players have had to stay ready for the return of basketball on their own but that doesn't mean they aren't staying together in other ways. Sacramento Kings Profile and History . "Any organization can suffer betrayal by a trusted employee," says Bill Portanova, a former assistant U.S. attorney who was retained by the Kings as an independent investigator. Every Sports Reference Social Media Account, Site Last Updated: Saturday, March 4, 6:46PM. Sacramento Kings | TeamWork Online The house in Hermosa Beach that David purchased in July 2016 for $8 million sells for $10.6 million; the Manhattan Beach house he bought for $3.8 million sells for $4.3 million. The cash went straight to David without the Kings knowing it existed. Multiple sources in Sacramento portray Golden 1 as an institution eager to make a splash in the market it has championed passionately. And even though he was earning $360,000 per year plus bonuses, just about everyone in here made more than he did. Jeff last remembers sitting in her office in Sacramento just months earlier, being told that the Kings were going to eliminate his position. Sacramento Kings Announce the 4 Finalists in Capitalize: Technology 2015-16: Golden 1, Kaiser frauds Sacramento Kings Key Executives Name & Title Bio John Rinehart Senior Vice President, Business Operations John Rinehart serves as the Senior Vice President, Business Operations of Sacramento Kings. In August 2018, the Kings' senior vice president of human resources had been looking for a copy of a commission structure to build out the corporate sales team. One day later, as the family Ford Expedition charted its course northward, Wegzyn stayed in touch with Rinehart, trying to break through their partners' bureaucracy. They were a massive disappointment, yes, but also so transcendent for brief moments. CFOs swap accounts of stress-testing their team's internal checks and balances to protect against potential fraud. Former Sacramento Kings Executives Say The Team Should Not Be Able to Knowing that this is a draft class where frankly mock drafts change every single day outside of lottery numbers 1-3, Sacramento has an opportunity to find generational talent in a youth like Jaden Ivy, Shadeon Sharpe, and Keegan Murray. As Wegzyn navigated a morass of files in David's old directory, she hadn't been able to discern an organized system, so she'd had to open things one by one. . Per team policy, terms of the agreements were not disclosed. Sacramento Kings Staff & Executives - RealGM They say the Kings have a history of donating the facility, free of charge, during a variety of emergencies ranging from floods to Y2K. "That was the tradition of the Kings, and what originally was Arco Arena," Peterson said. Leaving out pertinent facts will be considered a lie. He has an adoring wife of almost 10 years, three healthy children. 60 activities a day, usually cold calls but they allow you to choose what kind of client you reach out to. Kate, a chronic worrier about the Davids' growing family, could rest easier knowing he'd secured their future. Here is the full list of the CBS13 stories cited by the Kings: The NBA 2K League is set to start on May 5 as teams will compete remotely due to COVID-19. David told his bosses that the Kaiser deal wouldn't include one, a condition they could live with given their satisfaction with the $28 million haul and the lengthy negotiation, according to David. Watch on ESPN+, Follow Zion, Ja, RJ, De'Andre, Coby and more top rooks as they balance basketball and life during an exciting NBA season. . Clippers vs Kings, March 3, 2023 | Basketball-Reference.com Federal prosecutors in Sacramento, California, on Wednesday filed charges and a plea agreement signed by former chief revenue officer Jeffrey David admitting to forging the team president's signature to divert sponsorship payments to a bank account he controlled. According to Mike Scotto of HoopsHype, executives around the NBA are looking to teams like the Kings as well as the Portland Trail Blazers to shop their picks for quality players that can help their franchises win now: Sacramento already has DeAaron Fox and Davion Mitchell as part of their core for the future, with Donte DiVincenzo set to enter restricted free agency with a $6.61 million qualifying offer. 2023 CBS Broadcasting Inc. All Rights Reserved. The team's new vice president of security operations, Dave Thomas, spent nearly 30 years in law enforcement with the FBI and Secret Service. The organization did not provide those numbers. Could this trade come down to the wire a la Jimmy Butlers exit from Chicago to Minnesota? They wanted to go local. A former executive from the NBA's Sacramento Kings has been accused of taking $13.4m from two sponsors, according to The Sacramento Bee. "I can liquidate the properties. Kevin Durant, Kyrie Irving, Karl-Anthony Towns, Kawhi Leonard, Anthony Davis and Brandon Ingram will play outsized roles in how their respective teams close the season. When Jeff had moved $250,000 of the family's savings into Sacramento Sports Partners, he told Kate the money was for a real estate fund with other investors. Suns-Mavericks, 1 p.m. (ABC) All content 2000-2023 RealGM, L.L.C. "[10], The Kings also interviewed Sachin Gupta (Timberwolves' EVP of basketball operations), Wes Wilcox (Hawks' former GM), and Calvin Booth (GM of the Nuggets) for the position. Between the two of them, they spent nearly 30 years with the Kings. A portion of the monthly rate will go to offset annual costs associated with owning the property (which are over six figures monthly and over seven figures annually) and any revenue that the team will forgo (i.e. When the session breaks, David's family and friends commiserate with him, but Kate doesn't move. "I'll go to the FBI. NBA executive mocks Clippers' acquisition of Westbrook Summer 2018: Wegzyn finds the trail Wegzyn was aware of other entities associated with the Kings' basketball and real estate assets, but this one didn't sound familiar. She also noted that the Kings were one of many teams that agreed to pay game-day workers through the month of March and that they donated nearly 3,000 pounds of excess stadium food. Logos were compiled by the amazing SportsLogos.net. Sacramento Kings Coach | HoopsHype 75; These three executives join Chief Strategy Officer Joe Dumars, Assistant General Manager Ken Catanella, Vice President of Athlete Health and Performance Teena Murray and Vice President of Kings. Report this profile . NBA Executives Still Believe Kings' De'Aaron Fox Is 'Gettable' Choose at least two teams from the menus below to start your trade. Also, she wondered, why would a business whose name suggests it's an arm of the Kings write off a golf cart at a beach house near Los Angeles? But on his way out, he had left behind a digital trail. Where, according to an article in Fortune, the prison currency comes in the form of tins of cooked mackerel. But he had a desire for more. Jeff explains -- the visit from the FBI earlier in the day, the full breadth of the scam. the official stats partner of the NBA, NHL and MLB. Only the executives in charge of player personnel This meant that one of his three kids was deprived of the innocent pleasure of toting home and choosing a name for this shiny, breathing doubloon swimming around in a plastic bag. Given the circumstances, they're worried David might try to arrange a questionable below-market deal with a side payment to himself or a friend. The party, say sources with knowledge of the event, cost between $150,000 and $200,000. However, their most notable acquisition this season was signing Russell Westbrook after he was bought out of the final months of his . Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. ", The Kings pointed to a statement from Cal OES spokesman Brian Ferguson, where he said: "The arrangement with the Kings is consistent with what's being done at the other sites.". IN 2009, WITH the NBA in the headwinds of the global recession and rumors of a Kings relocation swirling, David was a man with growing concerns. David says that in his capacity as a top executive with another team, he could have called his counterpart in Sacramento several times over a 10-year period and brokered such deals. "This was a long, sophisticated course of conduct that required registering LLCs with the state, opening commercial mailboxes in the LLC's name, using the identities and the good names of prominent regional businesspeople, signing their names on LLC documents unbeknownst to them, and using their identities to perpetuate fraud," he says. In its nine years of existence, SSP never undertook any consultancy work. The forfeiture team instead works with a real estate team in Los Angeles. Get the latest news and information for the Sacramento Kings. What did you do?! The company owns and manages professional basketball teams and competes in the National Basketball Association as a member of the Western Conference Pacific Division. We, however, are providing the use of the team's former practice facility at no cost. Golden 1 Center | 500 David J Stern Walk | Sacramento, CA 95814Phone: 888-91-KINGS, Matina KolokotronisChief Operating Officer, John RinehartPresident, Business Operations, Becky Beland McNaughtSVP, Communications and External Affairs, Fernando VegaVP, A/V & Broadcast Production, Kari IdaVP, Communications and Public Relations, Mike HerreraVP, Corporate Partnership Sales & Service, Kindra Montgomery-BlockVP, Diversity, Inclusion & Social Impact, Maritza DavisVP, Experiences & Social Responsibility, Justin PetkusVP, Ticket Sales & Membership Services, Jason WiseSr. "The King's Foundation does a great job right now. And now, after her husband has confessed to a monstrous fraud, her mother sits beside her and extends an arm, but she is virtually unresponsive. A few minutes after he hangs up, his mother-in-law, Nancy, is standing at the front door when an FBI investigator appears, asking to speak to Jeff.Editor's PicksInside the NBA's silent tension surrounding Daryl Morey3yKevin ArnovitzFrom the archives: How former ref Tim Donaghy conspired to fix NBA games3yScott Eden1 Related. Several of the executives note that it's not unusual for teams and sponsors to explore renegotiating their active agreements, which would require executives on both sides to review the paperwork. She asks Jeff whether the documents contain anything that anyone with the Kings needs to see. It contains the objects of Jeff David's life, all destined for the Davids' new house in the affluent Pinecrest neighborhood. Her bank accounts had been frozen. One NBA team controller says it's common practice at any well-run finance department, be it team or sponsor, to call when invoiced to pay an entity for the first time. "I lost the respect I had," David tells Judge William B. Shubb. When asked to recall the last time he spoke with someone from the Kings, though, he neglects to mention the call with Wegzyn on Monday. The most persistent item for debate has been the extent to which this fraud could've happened to any team. 3 min read. Jabour comes to Sacramentos front office with 14 years of experience in the league, most recently serving as Director of Scouting for the Philadelphia 76ers where he was heavily involved in day-to-day personnel operations, including talent evaluation, leading intel processes and collaborating with player agents. Wegzyn had also found a couple of K-1 tax forms listing Golden 1 and Kaiser Permanente as partners in SSP, which seemed peculiar given that credit unions and health care consortiums don't make a habit of investing in beach houses with basketball executives. But the forfeiture team has arranged to sell far more complex assets than beach homes. "He knew I was capable of it" - Ex-Sacramento Kings backup center Scot Kevin Durant, Kyrie Irving, Karl-Anthony Towns, Kawhi Leonard, Anthony Davis and Brandon Ingram will play outsized roles in how their respective teams close the season. "The Sacramento Kings, Stockton Kings, Kings Guard Gaming and Golden 1 Center have joined forces to educate, entertain, provide support and bring acts of kindness or "Kings-ness" to the community," a spokesperson said in an email. Select the first team from the drop down menu. But it's when Sommercamp asks about how he obtained signatures from his partners in Sacramento that Jeff knows it's time to suspend his cheery front. Per team policy, terms of the deal were not . 4 on Thursday's NBA Draft, making a huge pivot than what was expected of them. Watch on ESPN+. Raptors-Clippers, 10 p.m. His style wasn't for everyone. Questions raged about how a credit union tasked with protecting the savings of teachers and a health care nonprofit could be snookered out of millions by a single individual. It occurs to the U.S. attorneys that David might not realize it's that conversation that implicated him. There's no real cost to them," Stone said. He says he had the mechanics worked out: On July 1, 2026, the Kings would be expecting $5.5 million (per the original payment schedule).
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