{"id":1664,"date":"2015-06-18T16:58:23","date_gmt":"2015-06-18T16:58:23","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/06\/san_antonio_spurs_tim_duncan_a"},"modified":"2022-03-22T14:25:35","modified_gmt":"2022-03-22T19:25:35","slug":"san-antonio-spurs-tim-duncan-a","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/san-antonio-spurs-tim-duncan-a\/","title":{"rendered":"San Antonio Spurs\u2019 Tim Duncan Addresses $20M-Plus Texas Securities Case Against His Former Financial Adviser"},"content":{"rendered":"

\t\t\t\tEarlier this year, our securities law firm published a blog post<\/a> reporting that San Antonio Spurs’ Tim Duncan had filed a Texas securities case <\/a>against financial representative Charles Banks. Duncan contends that due to unsuitable recommendations made to him by Banks, he allegedly lost some $25 million.<\/p>\n

Banks, a private-equity investor, was Duncan’s adviser for nearly two decades, since the beginning of his professional sports career. The NBA All-Star says that Banks persuaded him to get involved in investments that were bad for Duncan but good for the financial adviser. He also claims that Banks forged his signature and withheld his return on a loan. The San Antonio Spurs star says that over the years, he’s invested millions of dollars in products and businesses that Banks either owned or had a financial stake in.<\/p>\n

Meantime, Banks claims that Duncan’s losses are because of the player’s own impatience or due to misunderstandings. He argued that Duncan is using the Texas securities case to exit certain limited partnership investments.
\n Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Earlier this year, our securities law firm published a blog post reporting that San Antonio Spurs’ Tim Duncan had filed a Texas securities case against financial representative Charles Banks. Duncan contends that due to unsuitable recommendations made to him by Banks, he allegedly lost some $25 million. Banks, a private-equity investor, was Duncan’s adviser for […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3781,3741,3750],"tags":[2620],"class_list":["post-1664","post","type-post","status-publish","format-standard","hentry","category-investment-advisers","category-securities-fraud","category-texas-securities-fraud","tag-athletes"],"yoast_head":"\nSan Antonio Spurs\u2019 Tim Duncan Addresses $20M-Plus Texas Securities Case Against His Former Financial Adviser — Investor Lawyers Blog — June 18, 2015<\/title>\n<meta name=\"description\" content=\"Earlier this year, our securities law firm published a blog post reporting that San Antonio Spurs' Tim Duncan had filed a Texas securities case against — June 18, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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