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ESPN Daily

The Great NBA Heist: How One Man Stole Millions from the Sacramento Kings

ESPN Daily

ESPN

Sports

4.63.9K Ratings

🗓️ 19 November 2019

⏱️ 26 minutes

🧾️ Download transcript

Summary

It was the perfect crime: steal millions from the Sacramento Kings...to flip houses? Kevin Arnovitz joins Mina Kimes to explain how one up-and-coming basketball exec threw it all away while trying to pull off one of the boldest fraud schemes in NBA history - and how he almost got away with it. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

So most fans are really familiar with the basketball side of an NBA team.

0:07.4

You know the starting five.

0:08.3

You probably know the general manager and the coach.

0:09.9

And then there's this parallel world in NBA franchises, which is the business operations.

0:14.4

Kevin Arniewicz writes about the NBA for ESPN.

0:17.6

NBA teams have senior vice presidents of human resource.

0:20.6

And for the Sacramento Kings,

0:22.3

that person is Stacey Weggson. So August 2018, Wexen is doing human resource-y stuff. For one,

0:31.6

there's this document that an executive who just left for the Miami Heat was supposed to leave

0:36.3

behind. It was a schedule of commissions

0:38.6

for sales reps. But he's forgotten to do so, and now she needed to dig into some files to find it.

0:46.2

So she opens up the file directory, and it is a mess. She can't find anything. There's no rhyme or

0:51.8

reason to dates or names of folders. She does find this one

0:55.2

folder titled TurboTex. And inside is all kinds of just really weird stuff. There's a depreciation

1:02.2

schedule for a golf cart and furniture at some beach house in Southern California. None of this

1:09.5

looks like anything that is Sacramento King's business.

1:13.0

And what's really weird is all of this stuff is associated with an entity she has never heard of.

1:21.0

Weggson looks over all this stuff and she just knows something here isn't right.

1:26.0

Today, the untold story of our high-ranking NBA executive stole $13 million and almost got away with it.

1:36.2

I'm Minikimes. It's Tuesday, November 19th. This is ESPN Daily, presented by Dell Small Business.

1:47.2

So, Kevin, you published your story today.

1:50.2

It starts with the Sacramento Kings chief revenue officer.

...

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