{"id":3731,"date":"2016-09-10T19:40:01","date_gmt":"2016-09-11T00:40:01","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/?p=3731"},"modified":"2016-09-10T19:40:01","modified_gmt":"2016-09-11T00:40:01","slug":"ex-financial-adviser-former-nba-star-tim-duncan-arrested-texas","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ex-financial-adviser-former-nba-star-tim-duncan-arrested-texas\/","title":{"rendered":"Ex-Financial Adviser of Former NBA Star Tim Duncan is Arrested in Texas"},"content":{"rendered":"

\t\t\t\tCharles August Banks IV was arrested in San Antonio this week. Banks, is charged with two counts of wire fraud related to a $7.5M investment that former NBA basketball star Tim Duncan made with Gameday Entertainment, a sports merchandising company. Banks became Duncan\u2019s financial adviser nearly two decades ago while working for CSI Capital management and he advised him for years.<\/p>\n

Banks, now a renowned wine investor, \u00a0is \u00a0also facing a securities fraud lawsuit<\/a> brought by the SEC. Although Duncan, formerly with the San Antonio Spurs, isn\u2019t named specifically in the complaint, the regulator said that the case involves an ex-pro basketball player who was Banks\u2019 client.<\/p>\n

The SEC claims that Banks made material misrepresentations and omissions of key facts to the basketball player to persuade him to invest in Gameday. \u00a0Among the alleged misrepresentations:<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Charles August Banks IV was arrested in San Antonio this week. Banks, is charged with two counts of wire fraud related to a $7.5M investment that former NBA basketball star Tim Duncan made with Gameday Entertainment, a sports merchandising company. Banks became Duncan\u2019s financial adviser nearly two decades ago while working for CSI Capital management […]<\/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":[3781,3738,3750],"tags":[2812],"class_list":["post-3731","post","type-post","status-publish","format-standard","hentry","category-investment-advisers","category-investor-fraud","category-texas-securities-fraud","tag-tim-duncan"],"yoast_head":"\nEx-Financial Adviser of Former NBA Star Tim Duncan is Arrested in Texas — Investor Lawyers Blog — September 10, 2016<\/title>\n<meta name=\"description\" content=\"Charles August Banks IV was arrested in San Antonio this week. 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