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Joining long list of pro athletes taken to cleaners by their adviser, all-star basketball player claims was pushed into investments that led to ‘substantial loss’.

“San Antonio Spurs 15-time All Star Tim Duncan said he has joined the long list of professional athletes taken to the cleaners by their investment adviser.

On Friday he sued his in Texas state court, claiming he was pushed into investments despite conflicts of interest that ultimately caused him “substantial loss.”

The National Basketball Association player claimed Charlie Banks, an Atlanta-based financial adviser, hid his own interest in investment opportunities that he recommended to Mr. Duncan, according to a copy of the complaint filed in San Antonio.”

Read more: NBA star Tim Duncan sues his financial adviser

Cindy Fields

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