ORLANDO, Fla. (WOFL FOX 35) - NBA star, and former Orlando Magic player, Gilbert Arenas is now retired, but he recently scored in the courtroom, after federal prosecutors say someone embezzled money from him.
"Mr Gilbert Arenas has a very lucrative contract in his career at one point he earned a contract in over $100 million," says Assistant U.S. Attorney Andrew Searle, who prosecuted a case against the basketball player's personal assistant, John White. "This was really a perfect crime of opportunity and a crime of betrayal."
Investigators say White stole 2.1 million dollars from Arenas, from 2008 to 2011. The NBA star played for the Orlando Magic in 2010. Prosecutors say he met White in high school and hired him as his personal assistant to take care of his home and other needs.
Searle says White was able to gain access to a bank account belonging to Arenas. "From there, he was able to communicate to a wealth management company and have them transfer money from one bank account into the bank account that Mr. White controlled. From there, Mr. White was able to transfer money into his own account to the tune of #$.1 million."
Prosecutors say White used the money to help pay the mortgage on his Windermere home and purchased some luxury cars. "He bought items including a Ferrari vehicle , paid for a mortgage on his house and other personal expenses."
According to investigators, Arenas discovered what happened after taking a trip to the bank. "Mr Arenas went to a bank and tried to access his money and was told someone else was on the account so that's what tipped him off and start looking at his finances."
White was convicted of wire fraud and filing a false tax related document in September of last year. He will soon face four years and nine months in prison. "He received a sentence of 57 months in a federal prison, and he's scheduled to start serving that in a few months," Searle says.