Basketball player Tim Duncan alleges that his former financial adviser bilked him of over $1 million, engaging in self-dealing with Duncan’s investments in a sports merchandising company, wineries and more.
“This is a case to recover monies Duncan lost while and after he was betrayed by [Charles] Banks, who committed egregious breaches of his trust relationship with Duncan—breaches driven and fueled by self-interest, self-dealing and greed to Duncan’s substantial detriment and damages,” alleged the Jan. 29 original petition in Duncan v. Banks, filed in Bexar County’s 224th District Court.
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