[EXCLUSIVE] NBA Player Richard Jefferson Says Ex Manager Stole $500K, Forged Loan Docs

September 11, 2014 by thejasminebrand in Latest News with 3 Comments

The NBA star then filed suit against Alliance Bank saying he was the victim of fraud, claiming the bank was unprofessional by not having a system in place to verify if it was actually him signing the loan documents. Jefferson adds that he believes that Alliance failed to train Alliance’s Agents to adequately monitor and supervise the signing of purported loan documents. He wanted the court to find him not at all liable for the loan and the 500k owed.

Then on July 28th, Jefferson filed suit against his ex-business manager Theodore Kritza and his wife Michelle Kritza. He explains that Theodore worked with him from 2004- 2014 . He claims that when he was trying to purchase a home for himself in October 2013, he first learned about the loan taken out in his name.

Jefferson then confronted Kritza about the $500K loan and Kritza admitted that he took out the loan without Jefferson’s consent or authorization. Jefferson says that he believes Kritza used the cash for his own personal benefit.

Further the doc states,

During the years 2004 to 2013, Kritza concealed from Jefferson that he had unlawfully used, extended and amended the LOC funds. In doing so, Kritza misappropriated the LOC funds for his and his wife’s own personal use and unauthorized us use, to which Jefferson has no involvement or ownership interest. During this time period, Kritza renewed and/or caused to renew the LOC and related loan documents alleged by Alliance in its underlying complaint, without Jefferson’s consent, and absconded with the amounts unbeknownst to Jefferson.

He claims that his ex-manager deceived, defrauded and violated his duty to provide loyalty in his position and demands 500k from him in damages.

Read the EXCLUSIVE Court Documents.