Wegzyn was aware of other entities associated with the Kings' basketball and real estate assets, but this one didn't sound familiar. The U.S. attorney's office and others in law enforcement praise the Kings for swiftly responding to what Wegzyn uncovered. But it did ultimately prove useful. They were a massive disappointment, yes, but also so transcendent for brief moments. Grapevines and Teslas lined the driveway of Ranadive's 3-acre chateau; his glass-bottom pool was covered with flooring beneath an expansive tent. From the front row of the gallery, she stares into the distance. One Kings co-worker considered him the sort of oleaginous salesman who'd go into business with anyone. At group dinners and in casual conversations, execs who worked with David try to recall instances that might have marked him as a crook. They say there was a consensus that the monthly expenses for the arena were far less than what the Kings are charging the state. Dr. A's weekly risers and fallers: Jeremy Sochan, Christian Wood make the list, NBA Power Rankings: Kevin Durant's return could rock the West, Inside the NBA's silent tension surrounding Daryl Morey, From the archives: How former ref Tim Donaghy conspired to fix NBA games, in a Kings organization often beset by palace intrigue, stay of execution that had wrested the team back from Seattle in 2013, Supplemental Privacy Policy for Singapore. When asked for the motivation behind the theft, David, years later, gives no unified theory. And now, after her husband has confessed to a monstrous fraud, her mother sits beside her and extends an arm, but she is virtually unresponsive. Golden 1 and Kaiser Permanente wired millions to an entity they hadn't vetted without asking David to loop in his legal and finance counterparts. Then Sacramento's vice president of corporate . Select the players you wish to trade from the rosters below. "The team almost left the city, and it was the people and companies of Sacramento that kept it there," David says. The story Jeff David was about to tell his wife -- of a yearslong fraud, of millions of dollars stolen -- was almost too absurd to believe. - Develop Fan Experience strategy to sell $100k in experiences through the Kings App. Every Sports Reference Social Media Account, Site Last Updated: Saturday, March 4, 6:46PM. In the matter of Kaiser Permanente's $4.4 million, these executives are even more dubious of David's blueprint to make the Kings whole. Starting in 2026, the annual installments due on July 1 of each year were reduced by either $500,000 or $1 million for the duration of the deal. Do you have a sports website? Sacramento's also failed to field a league-average defense even once since Adelman. He is an Arizona State University alum (2006) and earned a Masters of International Business from the University of St. Thomas (2007). This agent, John Sommercamp, finds Kate and Jeff in the kitchen, where he tells them they might be the victims of fraud. Golden 1 Center | 500 David J Stern Walk | Sacramento, CA 95814Phone: 888-91-KINGS, Matina KolokotronisChief Operating Officer, John RinehartPresident, Business Operations, Becky Beland McNaughtSVP, Communications and External Affairs, Fernando VegaVP, A/V & Broadcast Production, Kari IdaVP, Communications and Public Relations, Mike HerreraVP, Corporate Partnership Sales & Service, Kindra Montgomery-BlockVP, Diversity, Inclusion & Social Impact, Maritza DavisVP, Experiences & Social Responsibility, Justin PetkusVP, Ticket Sales & Membership Services, Jason WiseSr. "We're going to lose everything.". Watch our How-To Videos to Become a Stathead, Subscribe to Stathead and get access to more data than you can imagine. "What happened with Golden 1 and Kaiser probably doesn't happen with American Airlines or Bank of America," says a top NBA team executive. Joelle Terry Senior Vice President, Communications Joelle Terry serves as the Senior Vice President, Communications of Sacramento Kings. This meant that one of his three kids was deprived of the innocent pleasure of toting home and choosing a name for this shiny, breathing doubloon swimming around in a plastic bag. The pet stores are closed on Sunday evening, so soon after David mixes three glasses of chocolate milk and prepares breakfast, he corrals the kids into the SUV for a trip to equalize the great goldfish disparity of 2019. "The alternate care facility is capable of housing up to 400 beds approx. A few minutes after he hangs up, his mother-in-law, Nancy, is standing at the front door when an FBI investigator appears, asking to speak to Jeff.Editor's PicksInside the NBA's silent tension surrounding Daryl Morey3yKevin ArnovitzFrom the archives: How former ref Tim Donaghy conspired to fix NBA games3yScott Eden1 Related. Neither was. He planned to rent these investment properties, but in the meantime, his young family could bask in the warm glow of one of L.A.'s most appealing coastal towns. According to Marc Stein on The Stein Line, while the Sacramento Kings recently have proclaimed their intent to build around De'Aaron Fox and Tyrese Haliburton, there's a 'sense among some rival executives' that Fox is actually still 'gettable' in trade discussions. Odds & lines subject to change. Director, Team Operations, Colin MontagueDirector, Basketball Analytics, Penny ChatzisDirector, Team Player Development, Zac HoweHead Strength & Conditioning Coach, Rachel MackPerformance Chef & Nutritionist. After a short night's sleep, the family returns to the house in Pinecrest the next morning to rebox their belongings. As Rich pleads with Jeff, Kate rouses from her trance, shock replaced by resignation. Later on, she found a $9 million deposit from Golden 1. Given the circumstances, they're worried David might try to arrange a questionable below-market deal with a side payment to himself or a friend. The agent gets more specific, probing the mechanics of Sacramento Sports Partners' formation. It contains the objects of Jeff David's life, all destined for the Davids' new house in the affluent Pinecrest neighborhood. Where, according to an article in Fortune, the prison currency comes in the form of tins of cooked mackerel. CBS13 requested copies of those lease agreements from the state, most of which appear to be for existing medical facilities, but we did not receive a response by our deadline on Thursday. Claiming that expenses were piling up as the Kings tried to complete construction of the new arena, David asked Kaiser if it would add a $4.4 million upfront payment in lieu of an escalator. Jeff retreats to a back bedroom with Sommercamp, who wants Jeff relaxed and comfortable, a willing conversationalist. Federal prosecutors in Sacramento, California, on Wednesday filed charges and a plea agreement signed by former chief revenue officer Jeffrey David admitting to forging the team president's signature to divert sponsorship payments to a bank account he controlled. What did you do?! Copyright 2000-2023 Sports Reference LLC. After former Kings GM Vlade Divac, Kings assistant GM Peja Stojakovic, and Stockton Kings GM Anthony McClishand stepped down in late 2020, the Kings organization made Joe Dumars their interim executive vice president of basketball operations. "You have to put on real clothes, dude," he tells his 5-year-old son, who finds the proposition that he can't wear pajamas to a suburban shopping mall entirely unconvincing. Account Executive (Former Employee) - Sacramento, CA - October 2, 2017 Indeed Featured review Great place to work if you truly enjoy meeting new people and building relationships! In 2012, approaching his 40s, David was earning a low-to-mid-six-figure salary. Suns-Mavericks, 1 p.m. (ABC) Still, in a Kings organization often beset by palace intrigue, many colleagues found Jeff to be a reassuring voice who preached the virtues of "not sweating the small stuff." As Wegzyn navigated a morass of files in David's old directory, she hadn't been able to discern an organized system, so she'd had to open things one by one. Jeffrey David, 44, the team's former chief revenue officer, pleaded . McNair grew up in Oak Park, California, and attended Oak Park High School. On this Monday, walking through the Davids' new front door is a dizzying procession of cable guys, utility workers and movers. Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. Sacramento Kings. IN 2009, WITH the NBA in the headwinds of the global recession and rumors of a Kings relocation swirling, David was a man with growing concerns. No alert, no explanation. The reasons for their failure may have been inherent to the whole project. 496 followers 493 connections. Warriors-Lakers, 3:30 p.m. (ABC) The fine line between young talent and win-now veterans will be Monte McNairs delicate dance. Our reasoning for presenting offensive logos. Use without license or authorization is expressly prohibited. Director, Digital, Content & eSports, Nicole LoscavioSr. A year earlier, Jeff had purchased an $8 million home in Hermosa Beach, 20 miles southwest of Los Angeles. Could this trade come down to the wire a la Jimmy Butlers exit from Chicago to Minnesota? Less than four years after siphoning off $30,000 in courtside signage, David had now stolen $13.4 million from the Kings and their top corporate partners. A surge of adrenaline jolted through Wegzyn's body. she screams at Jeff, who seems oddly sanguine for a man who suddenly doesn't have the liquidity to order takeout. The mutual trust between David and the sponsors was unassailable -- enough to even navigate a snafu that could have derailed his entire scheme. Join us for a March Madness Webinar on Tuesday, March 7 at 8pm ET. Sacramento took Keegan Murray at No. What he then did with that money proved far more problematic. "Does this have anything to do with those FBI agents today?". "Any organization can suffer betrayal by a trusted employee," says Bill Portanova, a former assistant U.S. attorney who was retained by the Kings as an independent investigator. I'll call them tomorrow. Former Kings Vice Presidents Tom Peterson and Mark Stone said they spoke with other VPs and former owners who, they say, shared their concern. He recently served as an Analyst for NBA TV and SiriusXM NBA Radio, is a 2001 graduate of Cal-State Fullerton and a native of La Habra, California. San Diego State University. Like most, they thought that the Kings were donating the shuttered arena to the state for free. He does not believe Jeff is a victim. Shubb, an 81-year-old who has presided on the bench in the Eastern District of California since 1990, expresses deep skepticism over whether David's contention that he planned to pay back the money is plausible. The San Francisco 49ers today announced a new multi-year broadcast partnership with Sactown Sports 1140AM, the local sports leader for the Sacramento metropolitan area. Four blocks down L Street was the capital of the world's fifth-largest economy, and the lobbyists who grease the wheels of that engine were there at one of 41 exclusive parties per season. When she found a receptive party at Golden 1, she emailed him the list of legitimate Kings entities, burying SSP in the middle. I am excited to have Wes, Phil and Paul join the front office, said McNair. One week after her first foray into David's underworld, Wegzyn had struck the mother lode. IN 2009, WITH the NBA in the headwinds of the global recession and rumors of a Kings relocation swirling, David was a man with growing concerns. He returns to Columbus, where he, Kate and their three children have relocated to a roomy cluster home not far from where Kate grew up and where most of her family resides. We did point out to the men that the Kings are likely to make less money this year due to stadium fan restrictions and a shortened season if they do go back. The Kings, by contrast, are struggling to convince rival teams that . They put up 176 points and 153 points at the end of regulation in a. When Golden 1 remitted its first scheduled annual payment, it did so to SSP -- not the Kings. The Kings are closing in on the Memphis Grizzlies in the standings. Johnson will lead Stocktons front office and have a hand in multiple aspects of Kings basketball operations. Still, the Kings defend the rent stating: "Per the state, our lease agreement for Sleep Train Arena is consistent with other similar alternate care facilities that have been created to support the growing medical needs of the COVID-19 crisis across California. 4 overall pick in the 2022 NBA Draft, the discourse of shopping the pick has been a quiet Plan B that league executives say might be closer to the clipboard than the Kingdom knows. As rewarding as sales work can be on behalf of a pro basketball team, it hadn't satisfied Jeff's thirst for more. "This was a long, sophisticated course of conduct that required registering LLCs with the state, opening commercial mailboxes in the LLC's name, using the identities and the good names of prominent regional businesspeople, signing their names on LLC documents unbeknownst to them, and using their identities to perpetuate fraud," he says. Jeff, the former chief revenue officer of the Sacramento Kings, has taken the day off to move after landing a new role as CRO of the Miami Heat. How do you repay money to a team that doesn't know anything has been stolen? Sacramento Kings, Kansas City Kings, Kansas City-Omaha Kings, Cincinnati Royals, Rochester Royals, Seasons: Report this profile . Monte McNair is an American sports executive who is the general manager and president of basketball operations for the Sacramento Kings. Find out the latest on your favorite NBA teams on CBSSports.com. A former Sacramento Kings executive was sentenced to seven years in federal prison Monday for embezzling more than $13 million from the NBA team. 2015-16: Golden 1, Kaiser frauds In December, David pleads guilty to wire fraud and aggravated identity theft charges. All logos are the trademark & property of their owners and not Sports Reference LLC. Before that, he served as a Referee Operations Analyst at the NBA league office (2013-15). Here, they begin with a directive to David: "Anytime you want to confer with your lawyers privately, we're happy to step out of the room," says Assistant U.S. Attorney Michael D. Anderson. Kaiser agreed, and on Aug. 19, 2015, David invoiced the company on Sacramento Kings letterhead, payable not to the Kings but to his SSP account. He was bright and self-motivated, with a keen understanding of the industry -- not a man in need of micromanaging.The NBA on ESPN and the ESPN AppSunday "This is Stacy with the Kings," she told the rep in accounts payable at each organization. The longer Jeff believes the inquiry is about the title company, the more likely it is that Sommercamp can extract the details he wants. "If he really wanted to pay back the victims, he would've paid his earlier victims once he had a lot of money," Anderson says. "We went back to bed at 4 in the morning, and I said, 'I don't think he really gets it,'" Rich says nearly a year later. "I was just curious what that is and if those are documents that should go to somebody else," Wegzyn says. ", "Jeff is white-collar meets surfer dude, the consummate bro," says a former Kings co-worker on the business operations side. Jabour made his NBA debut as Daryl Moreys first scouting/personnel hire with the Houston Rockets in 2006. What if this is all legit? Her bank accounts had been frozen. The organizational chart of Sacramento Kings displays its 36 main executives including John Rinehart, Matina Kolokotronis and Tom Hunt .
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