Ex-Sacramento Kings executive gets 7 years for fraud
SAN FRANCISCO (AP) — A federal judge has sentenced a former top Sacramento Kings executive to seven years in prison for wire fraud and aggravated identity theft.
Jeffrey David is the team’s former chief revenue officer.
In December he pleaded guilty to diverting $13.4 million worth of team sponsorship payments from 2012 to 2016 to a bank account he controlled. He used most of the money to buy property in Southern California, as well as for a private jet membership and to pay off credit card bills.
U.S. District Court Judge William Shubb issued the sentence Monday. David’s lawyer Mark Reichel says he is disappointed in the outcome and thinks the sentence is too long.
The Department of Justice says the team has received $13.2 million in restitution so far.