Kevin Garnett Suing His Former Accountant For Reportedly Stealing $77M From Him

Kevin Garnett is taking his former accountant Michael Wertheim to court and accusing him of stealing $77M, according to Garnett Micheal and  Welenken CPAs knowingly allowed wealth manager Charles Banks IV to siphon money from his accounts and taking millions. Kevin was told to stay on a strict budget while they allegedly used the other funds for themselves. Wertheim “possessed actual knowledge that Banks was helping himself to millions of dollars of Garnett’s money and did nothing about it,” the suit states.

Wertheim ”took direction from Banks and for some reason chose to have virtually no contact with Garnett.”In the suit Kevin even details one time where he asked his wealth manager to wire him $40K but was scolded for going over his budget, meanwhile that same wealth manager allegedly took $2M in a day

Banks serving 4 years after guilty plea in Duncan case

Banks is serving four years in prison after pleading guilty in 2017 to bilking former San Antonio Spurs center Tim Duncan of $6 million while acting as his financial advisor. Duncan was told that Garnett would be a partner in on of his deals with Banks. At the time, Duncan’s attorney told Yahoo Sports that Duncan’s aim in his lawsuit was to prevent Banks from defrauding other athletes. Banks is not named in the lawsuit. Garnett’s attorney Mark Gaughan declined to elaborate why the lawsuit only named Michael Wertheim and Welenken CPAs.

”Banks intentionally … looted Garnett of his earnings and assets for many years, including the many years that Welenken and Wertheim provided accounting services to Garnett and his business interests,” the lawsuit reads.

Garnett retired in 2016. The 15-time All-Star earned $326 million over his career, making him the highest-paid player in NBA history at the time

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