NBA Star Sues Former Financial Adviser

Home » Blog » NBA Star Sues Former Financial Adviser

NBA Star Sues Former Financial Adviser

Future National Basketball Association Hall of Famer Tim Duncan of the San Antonio Spurs has filed a second lawsuit against a former financial adviser he alleges cost him millions of dollars in lost investments.

Duncan’s lawsuit, which was filed last week, contends that Charles Banks of Atlanta, Georgia encouraged Duncan to invest $1.1 million in a cosmetics company that Banks claimed was profitable when in reality it was going bankrupt.

According to the San Antonio Express-News, Duncan wants his investment returned to him and is trying to get punitive damages from Banks, who has previously denied the allegations.

Duncan first filed a lawsuit in January, alleging that a series of investments enriched Banks but ultimately cost Duncan more than $25 million.

If you or someone you know has lost money as a result of an investment or Ponzi scheme, please contact Richard Frankowski at 888-741-7503 to discuss your potential legal remedies or complete the contact form.

Free Case Evaluation

Call 888-741-7503 now or fill out the form above
to receive a free confidential consultation.
disclaimer
disclaimer-mob
TEXT US888.741.7503