Ex-NBA Kwame Brown is suing his former financial advisor alleging she stole millions of dollars of from him during her thirteen-year tenure.
According to TheBlast.com, Brown filed suit against Michelle Marquez in California and is seeking $17.4 million in restitution that he alleges she stole from 2004 to 2017.
The suit claims Marquez began overseeing his account and, on several occasions, began investing Brown’s money into various projects and trading stocks without his permission.
Brown claims Marquez even opened several bank accounts under his name, without his knowledge and without giving him access to the accounts. He believes she was depositing his money into those accounts and began investing and trading his money while collecting a commission for herself.
According to the lawsuit, Brown claims he took out a $1.1 million loan in 2006 and instructed Marquez to pay off the balance of the loan right away. In 2015, Brown says he learned Marquez did not pay off the loan and instead converted the unpaid portion of the loan into a line of credit.
Brown also details several attempts he made to rectify the discrepancies but Marquez wouldn’t answer his phone calls.
Brown is seeking the return of the $17 million plus damages.
