NBA Player Kevin Garnett Is Suing His Former Accountant For Allegedly Stealing $77 Million Dollars.


Kevin Garnett is suing Michael Wertheim, a wealth manager with an accounting firm who told Kevin Garnett to stay on a strict budget while allegedly using the other funds for themselves.

In the lawsuit, Kevin Garnett details how one time he asked his manager to wire him $40,000 Dollars but was scolded for going over his budget. Meanwhile the same wealth manager helped himself to Garnett's money.

The federal malpractice lawsuit alleges Kentucky-based accountant Michael Wertheim and Welenken CPAs enabled Charles Banks IV of Atlanta to defraud Garnett through businesses in which Garnett and Banks shared an interest. 



The lawsuit contends Wertheim "possessed actual knowledge that Banks was helping himself to millions of dollars of Garnett's money and did nothing about it."

Defense attorney Greg Simpson tells the Star Tribune his clients deny the allegations and will "vigorously" fight the suit. Banks was not named as a defendant. Banks was sentenced last year to four years in federal prison for defrauding another former NBA star, retired San Antonio Spurs player Tim Duncan, of millions of dollars.

Garnett earned more than $343 million in a 21-year NBA career that saw stops in Minnesota, Boston and Brooklyn.