Between 2006 and 2012, John A. White was a personal assistant and one of the people close Gilbert Arenas — and all the while he was siphoning off money from the NBA star.
To the tune of $2.1 million.
That is what a federal jury said Thursday in finding White guilty of multiple charges, as reported by Keely Diven of CSNmidatlatic.com.
According to prosecutors, White stole money during a period from 2008 to 2011, making unauthorized bank transfers from Arenas’ accounts into three accounts of his own. He was found guilty of 11 counts of wire fraud for the theft.
The money funneled from Arenas was not reported in White’s and his wife’s joint income tax returns during that span, resulting in four additional counts of filing a false tax-related document.
The judge can give out up to 20 years per wire fraud charge, while it’s three years per tax document. That could add up to a lot of years.
White bought a Ferrari and made his mortgage payments with the money, among other things.
Arenas will be fine. He hasn’t been on an NBA court since 2012, but thanks to the stretch provision the Orlando Magic are still sending him checks.