He accused his ex-manager of deceiving him, defrauding him and violating the duty to provide loyalty to him and demanded $500K in damages.
Jefferson also said he was a victim of fraud by his ex-manager and lost over 2 million dollars. He said he discovered the fraud back in 2013 and informed not only his bank, but the FBI. The feds then came to his aid and had him call Kritza and listened in on the phone call where Jefferson said he got his ex-manager to admit that he used the line of credit from the bank without Jefferson’s permission.
The NBA star says that during the phone call, his ex-manager broke down in tears, admitted he stole the money and made mistakes and kept trying to make deals with the cash but they all kept falling apart. Jefferson says he asked for forgiveness and asked if he could make amends.
He claimed the FBI was not done with their investigation and during the time of the investigation he was slapped with the lawsuit by Western Alliance Bank and following being sued he attempted to get the recorded call and other evidence collected but was shut down by the FBI due to the ongoing investigation.
Jefferson said he wasn’t responsible for taking out the loan and demanded the suit against him be dismissed and he not be on the hook for anything. The bank didn’t buy his argument and wanted the court to order him to pay back the loan ASAP.
Then on December 18th, the federal court judge came back with his decision in the matter and didn’t buy the NBA star’s defense. The judge ordered Jefferson to pay a total of $451,524.37 to Western Alliance Bank for the unpaid balance left on the loan.
Further, he was ordered to pay $83,604.13 in interest on the loan and other court costs including attorney fees. The judge dismissed all claims that Jefferson filed against Western Alliance.