Former Kings exec involved in 13.4 million money-l from seestyle's blog

A Heat executive hired over summer from the Kings is under investigation for allegedly using $13.4 million from twoKings sponsors to fund his own real estate JJ Arcega-Whiteside Jersey endeavors, .Jeffrey David, now the chief revenue officer of the Heat after operating in the same role withSacramento, allegedly participated in a "sophisticated money-laundering scheme"that stole cash from the Golden 1 Credit Union ($9 million)andKaiser Permanente Foundation ($4.4 million). The Heat announced they have placed Davidon leave. Malcolm Jenkins Jersey The Sacramento Bee reports David used the money he siphoned from team sponsors to purchase beachfront property in Southern California, and while no criminal charges have been filed,the Kings referred the case to federal investigators last week. The Cameron Johnston Jersey FBI and federal prosecutors are reportedly looking into the matter."That investigation is underway and on Monday, U.S. Department of Justice authorities began the formal proce s of recovering and seizing the properties involved in Brian Dawkins Jersey the investigation,"the Kings wrote in a statement to The Sacramento Bee.Kings attorney William Portanova told The Beethat he doesnt expect any a sets to be lost given the quick response to the situation.David was in charge of negotiating advertising contracts and corporate partnerships for the Kings, according to TheBee."We are aware of the investigation of Jeff David, which focuses on events that Jalen Mills Jersey took place prior to his joining our team,"the Heat said in a statement. "We are fully cooperating with the authorities."