REPORT: Richard Jefferson Defrauded Out Of $7M By Former Business Manager
When you’re a multi-million dollar athlete living a lavish lifestyle, there’s a bunch of people out there waiting with their hands out for an easy come up. They’ll try to somehow get real close to you and rob you blind. Richard Jefferson found that out the hard way.
The Cleveland Cavaliers forward has earned roughly $109 million over his 16-year NBA career, but a big chunk of it came up missing recently and Jefferson has his ex-business manager to blame.
Despite paying his ex-business manager, Theodore Kritza, between $90,000 and $250,000 annually for his services, Kritza still felt the need to steal from his client.
Just recently, an Arizona federal grand jury charged Theodore Kritza for defrauding Jefferson out of nearly $7 million.
“Kritza is charged with 22 counts of bank fraud, wire fraud, and aggravated identity theft,” according to a U.S. District Court indictment referenced by Tucson.com. “Kritza fraudulently transferred $6.99 million from Jefferson’s accounts to his own accounts from 2004 to 2013.”