", Wegzyn presses on. Account Executive (Former Employee) - Sacramento, CA - October 2, 2017 Indeed Featured review Great place to work if you truly enjoy meeting new people and building relationships! "But any half-truth will be considered a lie. Starting in 2026, the annual installments due on July 1 of each year were reduced by either $500,000 or $1 million for the duration of the deal. IN 2009, WITH the NBA in the headwinds of the global recession and rumors of a Kings relocation swirling, David was a man with growing concerns. Wegzyn asked Thomas to set up a meeting. We are not making it all up in our heads, thinking well of Kris Dunn because we want to: he has real talents to bring, and a body that for the time being will allow him to use them. Here, they begin with a directive to David: "Anytime you want to confer with your lawyers privately, we're happy to step out of the room," says Assistant U.S. Attorney Michael D. Anderson. SACRAMENTO, Calif. (CN) - Capping a corporate embezzlement scheme executed inside the headquarters of a major sports franchise, a federal judge on Monday sentenced a former Sacramento Kings executive to seven years in prison for a series of white-collar crimes. Monte McNair is an American sports executive who is the general manager and president of basketball operations for the Sacramento Kings. According to . What McNair will do with the pick remains to be seen, as the league is about one month out of the NBA Draft taking place. CFOs swap accounts of stress-testing their team's internal checks and balances to protect against potential fraud. It's no surprise that Sacramento would be willing to package Buddy Hield, Marvin Bagley III and multiple. Subscribe to Stathead Basketball: Get your first month FREEYour All-Access Ticket to the Basketball Reference Database. I'll give it back, and when I do, it'll be OK.". Kate dials Bank of America, whose reps bounce her around the after-hours customer service labyrinth. "I've got something really crazy going on at work," she said. Still, to Nancy and Rich, he seems oblivious to the depth of his crime. Gambling problem? Select the second team from the drop down menu. After former Kings GM Vlade Divac, Kings assistant GM Peja Stojakovic, and Stockton Kings GM Anthony McClishand stepped down in late 2020, the Kings organization made Joe Dumars their interim executive vice president of basketball operations. Neither was. 75; That August, the Kings also agreed to a 10-year, $28 million sponsorship deal for their new training facility with Oakland-based nonprofit health care provider Kaiser Permanente. Jabour was hired by the Rockets after working as a support staff member with USA Basketball in 2006 following four years on staff with Arizona State mens basketball program. 3 min read. She also noted that the Kings were one of many teams that agreed to pay game-day workers through the month of March and that they donated nearly 3,000 pounds of excess stadium food. Former Sacramento Kings executive Jeffrey David was sentenced to seven years in prison on Monday after he pleaded guilty to embezzling more than $13 million from the team's sponsorship deals . But it's when Sommercamp asks about how he obtained signatures from his partners in Sacramento that Jeff knows it's time to suspend his cheery front. He joined the Cavaliers in 2003 and held the roles of Advance Scout, College Scout, Pro Personnel Scout and Assistant Coach, prior to his promotion to Director of Player Personnel. It was looking to broker courtside signage for Peak Sport, a sportswear company. 2020 CBS Broadcasting Inc. All Rights Reserved. ATHERTON, CALIFORNIA, IS the cradle of Silicon Valley, the second-richest ZIP code in the U.S. and the site of Kings managing partner Vivek Ranadive's 2016 Christmas party. When the session breaks, David's family and friends commiserate with him, but Kate doesn't move. "The King's Foundation does a great job right now. David and his legal team had hoped for a sentence not much longer than two years, but Shubb hands down a term of seven. A year later, David reached back out to Bland to inquire whether her offer for an upfront payment still stood. One week after her first foray into David's underworld, Wegzyn had struck the mother lode. We did point out to the men that the Kings are likely to make less money this year due to stadium fan restrictions and a shortened season if they do go back. Team Contact Information. Knicks-Celtics, 7:30 p.m. Report this profile . A portion of the monthly rate will go to offset annual costs associated with owning the property (which are over six figures monthly and over seven figures annually) and any revenue that the team will forgo (i.e. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. Location: Sacramento, California Team Names: Sacramento Kings, Kansas City Kings, Kansas City-Omaha Kings, Cincinnati Royals, Rochester Royals Seasons: 75; 1948-49 to 2022-23 Record: 2691-3212, .456 W-L% Playoff Appearances: 29 Championships: 1 More Franchise Info In the matter of Kaiser Permanente's $4.4 million, these executives are even more dubious of David's blueprint to make the Kings whole. "This is Stacy with the Kings," she told the rep in accounts payable at each organization. The reality is there are only four real contenders. "That was the tradition of the Kings, and what originally was Arco Arena," Peterson said. Sacramento Kings Executives Location: Sacramento, California Team Names: Sacramento Kings, Kansas City Kings, Kansas City-Omaha Kings, Cincinnati Royals, Rochester Royals Seasons: 75; 1948-49 to 2022-23 Record: 2689-3212, .456 W-L% Playoff Appearances: 29 Championships: 1 Sacramento Kings Franchise Index Year-by-Year Stats Basic Stats Team Stats Four blocks down L Street was the capital of the world's fifth-largest economy, and the lobbyists who grease the wheels of that engine were there at one of 41 exclusive parties per season. The news first broke in August 2018, when the Sacramento Bee's Sam Stanton and Darrell Smith revealed David's scheme to siphon $13.4 million from Kings sponsors Golden 1 Credit Union and . 60 activities a day, usually cold calls but they allow you to choose what kind of client you reach out to. To believe that any of 2023's neo-contenders can become bonafide champs over the next few months is to believe that a once-in-a-quarter-century occurrence is about to transpire. Like most, they thought that the Kings were donating the shuttered arena to the state for free. It's not uncommon in the NBA for one franchise to buy assets from another -- suites, signage, logo rights -- to construct a multimarket agreement for a corporate sponsor. "It was particularly difficult for us because we had previously been witnesses to many occasions on which his strong moral compass was in clear view in far less profound situations," she says. Jeff explains -- the visit from the FBI earlier in the day, the full breadth of the scam. He says he believes that the Kings' finance department wouldn't have a concern that the $5.5 million had arrived in two payments as long as the full amount was present. "What happened with Golden 1 and Kaiser probably doesn't happen with American Airlines or Bank of America," says a top NBA team executive. "It seems to come down to around 20- or $25,000 a month," Stone said. "You're going to go to prison," Kate says. Her bank accounts had been frozen. A former executive from the NBA's Sacramento Kings has been accused of taking $13.4m from two sponsors, according to The Sacramento Bee. However, CBS13 also asked how the Kings planned to use the money it is making on the arena during the pandemic. The Sacramento Bee was the outlet that published the allegations made by. David told his bosses that the Kaiser deal wouldn't include one, a condition they could live with given their satisfaction with the $28 million haul and the lengthy negotiation, according to David. decisions (usually the general manager) are listed. "He knew I was capable of it" - Ex-Sacramento Kings backup center Scot Pollard said Rick Adelman always wanted him to score. Amid all of this, Jeff receives a phone call from a former co-worker with the Kings. Select the players you wish to trade from the rosters below. Shubb, an 81-year-old who has presided on the bench in the Eastern District of California since 1990, expresses deep skepticism over whether David's contention that he planned to pay back the money is plausible. He spent the 2015-16 NBA season stealing more money than most Kings players earned on the court. Wegzyn and the Kings brass realized it was time to escalate this homegrown investigation. But this was the nerve center of Jeff's world. Get browser notifications for breaking news, live events, and exclusive reporting. Here is the full list of the CBS13 stories cited by the Kings: The NBA 2K League is set to start on May 5 as teams will compete remotely due to COVID-19. An inquisitive bean counter with the Kings could assume that any new signage in the arena must be part of a larger advertising buy. They are members of the Pacific Division of the Western Conference in the National Basketball Association (NBA). Sacramento Kings | TeamWork Online Connect with 1,200+ employers from the NFL, NBA, MLB, NHL, MLS, college athletics, sports tech startups, agencies, arenas, and more Sign in Join Now Sacramento Kings All CategoriesCommunications/Community RelationsFacility Operations/Event StaffMarketingTicket Sales and Services Wilcox joins the Kings organization with nearly 20 years of experience in the NBA, including serving as General Manager (2015-17) and Assistant General Manager (2012-15) of the Atlanta Hawks. But the forfeiture team has arranged to sell far more complex assets than beach homes. David also doesn't disclose information about the 2012 instance of fraud until Assistant U.S. Attorney Matt Yelovich brings it up. When the FBI arrived Wednesday afternoon, the Kings were armed with troves of documents unearthed and organized by Wegzyn -- a binder with all the correspondence, the tax documents, the bank statements, anything she could get her hands on. 2016: Purchases beach homes Terms at draftkings.com/sportsbook. I have to stay with this. She was consumed by the chase but also suffering from periodic pangs of doubt. THE MOVING VAN from Sacramento chokes its way through Miami's thick August air. If he had truly wanted to return $4.4 million to the franchise, he would have needed to get creative. "The team almost left the city, and it was the people and companies of Sacramento that kept it there," David says. It's a schmoozy industry conclave where David had once thrived, and this year he is at the center of attention in absentia. No milieu displayed this NBA abundance more than the Lexus Lounge at the Golden 1 Center half an hour before tipoff. 4 overall pick in the 2022 NBA Draft, the discourse of shopping the pick has been a quiet Plan B that league. What if this is all legit? Sommercamp has questions. To learn more or opt-out, read our Cookie Policy. "I lost the respect I had," David tells Judge William B. Shubb. Jeffery R. David, the former Chef Revenue Officer of the NBA Select the third team from the drop down menu. "I'm going to tell you, but I need you to hear me out," he says. Nick Cahill / June 24, 2019. They were a massive disappointment, yes, but also so transcendent for brief moments. Then Sacramento's vice president of corporate partnerships, David feared he'd have to make ends meet as a private sports marketing consultant. Team Names: David offers a broad outline of the Golden 1 and Kaiser Permanente schemes. The Detroit Pistons (15-48) play against the Cleveland Cavaliers (39-26) at Rocket Mortgage FieldHouse Live Stream: fuboTV (Watch for free) NBA League Pass: The most live games plus NBA TV. Question, Comment, Feedback, or Correction? The reasons for their failure may have been inherent to the whole project. When Golden 1 remitted its first scheduled annual payment, it did so to SSP -- not the Kings. In the 2021 NBA Draft, McNair and the Kings showed they wanted to improve their defense after having a historically bad defensive year. FOR JEFF DAVID, the summer of 2017 was one of those times when the reality of a man's life surpasses even his dreams. Data Provided By Jeffrey David, 44, the team's former chief revenue officer, pleaded . SAN FRANCISCO (AP) A former Sacramento Kings top executive agreed Wednesday to plead guilty to siphoning $13.4 million from the team to buy Southern California beachfront properties, court . [15] "I lost a job and a career I loved and excelled in. David is operating under the hope that by cooperating, he can work out a favorable deal. Sacramento's also failed to field a league-average defense even once since Adelman. San Diego State University. Now, in the wee hours of Wednesday morning, Wegzyn's husband, Mark, found her sitting at her kitchen table, hunched over her laptop. Knicks-Celtics, 7:30 p.m. Before that, he served as a Referee Operations Analyst at the NBA league office (2013-15). According to Mike Scotto of HoopsHype, executives around the NBA are looking to teams like the Kings as well as the Portland Trail Blazers to shop their picks for quality players that can help their franchises win now: Sacramento already has DeAaron Fox and Davion Mitchell as part of their core for the future, with Donte DiVincenzo set to enter restricted free agency with a $6.61 million qualifying offer. Select the second team from the drop down menu. Like a bank thief tossing away a dye pack, David reached out to Golden 1 and explained that SSP was the account reserved for finalizing construction of the arena. Prior to that promotion, Johnson was a Pro Evaluation Coordinator after having worked in different capacities for the Oklahoma City Thunder since 2015. When she found a receptive party at Golden 1, she emailed him the list of legitimate Kings entities, burying SSP in the middle. Jeff wears a double-vented navy suit, whiskey-colored shoes and thick-framed glasses; Kate is in a black dress. In doing so, the credit union left itself exposed to a mistake a more sophisticated entity might have avoided thorough due diligence. Wilcox began his career in the NBA as an intern (2001-02) with the Miami Heat in their scouting and video department, before becoming a Video Coordinator with the New Orleans Hornets in 2002-03. 1,001-5,000 employees Headquarters Sacramento, CA Type Privately Held Founded 1985 Locations Primary 500 David J Stern Walk Sacramento, CA 95814, US Get directions Employees at Sacramento. Jul 2019 - Present3 years 9 months. But multiple sources who have come through the Kings organization over the past decade say the organization had systemic flaws that left it susceptible during much of David's tenure. To believe that any of 2023's neo-contenders can become bonafide champs over the next few months is to believe that a once-in-a-quarter-century occurrence is about to transpire. But I care less what has happened to me and I care more about making sure I've done the right thing for the people I've offended and I've hurt.". Select the third team from the drop down menu. One team president says the franchise initiated a full audit of its operations days after the story became public. Sacramento Kings. Kate is inconsolable.NBA RooksFollow Zion, Ja, RJ, De'Andre, Coby and more top rooks as they balance basketball and life during an exciting NBA season. It's a seemingly innocuous inquiry from an HR lifer. A year earlier, Jeff had purchased an $8 million home in Hermosa Beach, 20 miles southwest of Los Angeles. 4 on Thursday's NBA Draft, making a huge pivot than what was expected of them. Could this trade come down to the wire a la Jimmy Butlers exit from Chicago to Minnesota? He won't see the children at all for the next several years. / CBS Sacramento. For several more hours, Rich tries to pierce Jeff's logic, while Nancy reassures the family that Jeff is redeemable. The Kings have been recognized as one of the top 10 most innovative teams and success in this position is enhanced through the use of premium software such as: Dialpad, Clearslide, OneMob, Salesforce, DialSource, ZoomInfo, and Linked-In Sales Navigator, among others. "Any organization can suffer betrayal by a trusted employee," says Bill Portanova, a former assistant U.S. attorney who was retained by the Kings as an independent investigator. Then Sacramento's vice president of corporate . They are calling on the Kings to keep with "the long-standing spirit of the organization" and return any profit it is making from the rental agreement back to the state. And he becomes emotional when he speaks on his own behalf, pausing to collect himself as he conveys remorse to the court. Mavericks-Pelicans, 7:30 p.m. May 7, 2020 / 10:58 PM But the people she heard Jeff speaking with about floorings and fixtures weren't their co-investors -- they were brokers and designers consulting with Jeff about how to improve the homes for maximum return. The Kings selected Tyrese Haliburton with the 12th pick in the 2020 NBA Draft. The organization points to its "In This Together" initiative. A former Sacramento Kings executive was sentenced to seven years in federal prison Monday for embezzling more than $13 million from the NBA team. The story Jeff David was about to tell his wife -- of a yearslong fraud, of millions of dollars stolen -- was almost too absurd to believe. Ap/Jevone Moore Earlier this month, the NBA fined Sacramento Kings assistant general manager Wes Wilcox $15,000 for confronting personnel at the scorer's table. David left for a brief stint with the NBA league office before returning to Sacramento in 2011 as CRO. At group dinners and in casual conversations, execs who worked with David try to recall instances that might have marked him as a crook. Even the head coach pulled in almost $4 million per season. "That explanation rings hollow for me," Stone said. The cash used in the purchases was almost entirely the millions sent to Jeff by Golden 1 and Kaiser Permanente. She searched David's emails for any connection to the address in Manhattan Beach or Sacramento Sports Partners. "The alternate care facility is capable of housing up to 400 beds approx. The Kings were heavily favored to either draft Purdue's Jaden Ivey among. The former Kings executive reportedly ran a sophisticated money-laundering scheme. In September, $4.4 million landed in the account of SSP. Sacramento Kings Staff & Executives - RealGM Sacramento Kings Staff & Executives Team: Season: Current | Historical View: Person View | Grid View Sort: Staff (A-Z) Col umns: Swipe 215 staff members found. Prior to the Hawks, Wilcox was Director of Player Personnel for the Cleveland Cavaliers and the first General Manager of the Cavs NBA Development League team, the Canton Charge. Founded in 1923, The Sacramento Kings are a professional basketball team based in Sacramento, California, United States. David contends that from the moment he diverted funds from Golden 1 and Kaiser Permanente, he intended to repay the money. He got to work revising the original paperwork, forging team president Chris Granger's signature and sending a digital file back to Kaiser. "Giving back to the community, that was always emphasized in my experience there," Stone said. Do you have a blog? [14], One of the largest problems that McNair faced was filling the shooting guard position as Bogdan Bogdanovic was a free agent in the 2020 offseason. (3/13/20), First published on May 7, 2020 / 10:58 PM. Mike Brown, left, the new head coach of the NBA Sacramento Kings basketball team poses for a photo with Kings general manager Monte McNair, right, in Sacramento, Calif., Tuesday, June 21, 2022. "We went back to bed at 4 in the morning, and I said, 'I don't think he really gets it,'" Rich says nearly a year later. Sacramento Kings forward Richaun Holmes sued the Sacramento Bee's parent company, McClatchy Co., and Bee opinion writer Robin Epley for defamation over articles that included Mr. Holmes's. Then drop a silly rap lyric about an account.". But it did ultimately prove useful. Copyright 2000-2023 Sports Reference LLC. "We're going to lose everything.". Everyone will get their money back, and it'll be OK. Its likely that a decision like this wont be made during the combine and invitational workouts, so seeing what Kings brass next moves are will be a huge indicator in exactly how they intend on ending the 16-year playoff drought. Now he was a part of the action with his most wealthy counterparts, demonstrating to himself that he could succeed at the art of investment. Jeff's mother-in-law and her partner had arrived the previous night to help wrangle the kids while Jeff and his wife, Kate, led their family from their rental home in Coconut Grove. Amidst the discussion around who the Sacramento Kings draft with the No. The family feels that seeing their father in a state of incarceration would be too traumatic for his kids. Duality underpins practically everything about the brief existence of the KD, Harden and Kyrie Nets. Wegzyn was aware of other entities associated with the Kings' basketball and real estate assets, but this one didn't sound familiar. We had an arrangement and we agreed upon it, then everyone moved on.". Jabour made his NBA debut as Daryl Moreys first scouting/personnel hire with the Houston Rockets in 2006. He recently served as an Analyst for NBA TV and SiriusXM NBA Radio, is a 2001 graduate of Cal-State Fullerton and a native of La Habra, California. The Kings, who are in third place, are an explosive offensive team; they average a league-high 120.7 points per game. 4 pick for immediate help, De'Aaron Fox scores 33 points to lead Kings past Clippers 128-127. (3/14/20), The Kings are one of many teams who have said they will pay their game-day workers throughout the month of March. They say there was a consensus that the monthly expenses for the arena were far less than what the Kings are charging the state. They estimate that the Kings are profiting hundreds of thousands of dollars a month as, in their estimate, the cost to run the shuttered facility is a small fraction of what the state is paying to rent it. She wanted to move quickly. Rich and Nancy become incredulous. The Sacramento Kings are celebrating "916 Day" by announcing events and activities for the upcoming 2022-23 NBA Season. What's going on?!". Jeff assures her they can trash them because the entity isn't around anymore. Stacy and Mark bid schmaltzy parental farewells to their daughter, whom they settled at school, then reversed course back to Sacramento. As Wegzyn navigated a morass of files in David's old directory, she hadn't been able to discern an organized system, so she'd had to open things one by one. Also, she wondered, why would a business whose name suggests it's an arm of the Kings write off a golf cart at a beach house near Los Angeles? [12][13] The group will join Ken Catanella, who remains with the team as an assistant GM. Reading David's email felt invasive, even if Kings employees, like those at most companies, sign away their privacy to people like her. [2] Early life [ edit] Born in Chicago, Illinois, Kolokotronis is the second of four daughters born to Greek immigrants. Confirm that your trade proposal is valid according to the NBA collective bargaining agreement. . 1948-49 to 2022-23. But it's one that will dictate the rest of Jeff David's life. Kate toggles over to the family's secondary account at Wells Fargo. "The Sacramento Kings, Stockton Kings, Kings Guard Gaming and Golden 1 Center have joined forces to educate, entertain, provide support and bring acts of kindness or "Kings-ness" to the community," a spokesperson said in an email. Jeff arrived at the soiree with Kate, who found the whole affair conspicuous, a bit ridiculous, a different kind of life. The pet stores are closed on Sunday evening, so soon after David mixes three glasses of chocolate milk and prepares breakfast, he corrals the kids into the SUV for a trip to equalize the great goldfish disparity of 2019. Or write about sports? 2009: David sets up SSP A former top Sacramento Kings executive was sentenced Monday to seven years in prison for siphoning $13.4 million from the team. He has an adoring wife of almost 10 years, three healthy children. One NBA team controller says it's common practice at any well-run finance department, be it team or sponsor, to call when invoiced to pay an entity for the first time. "I knew how these other companies operated. While Peterson and Stone left the Kings organization in 2006 and 2009, respectively, they said they've spoken with several other former executives who are still working in the industry. What he then did with that money proved far more problematic. "The Greatest Show on Court," none of us would Phone: 888-91-KINGS. This meant that one of his three kids was deprived of the innocent pleasure of toting home and choosing a name for this shiny, breathing doubloon swimming around in a plastic bag. Three takeaways from Kings 123-117 win against Thunder, Three takeaways from Kings 124-115 win over Oklahoma City Thunder, Kings waive KZ Okpala, sign PJ Dozier for the rest of the season, 5 takeaways from the Kings beating the Clippers in the second-highest scoring NBA game ever, 3 takeaways from Sacramentos 133-116 win over the Portland Trail Blazers. What did you do?! She discovered that David had applied for mortgages and included a bank statement to a lender that showed a $4.4 million deposit from Kaiser Permanente. Fifteen years in Cincinnati. Kaiser agreed, and on Aug. 19, 2015, David invoiced the company on Sacramento Kings letterhead, payable not to the Kings but to his SSP account. Description Operator of a professional basketball team. All rights reserved. "Let's close some phone numbers" in David-speak meant he wanted the Kings' sales team to craft some seven-digit sponsorship agreements. He pulls out the business card Sommercamp handed him when Jeff walked the agent out the door -- after telling Sommercamp that he'd be more comfortable continuing the conversation once he consulted an attorney. U.S. Attorney's Office, Eastern District of California SACRAMENTO, Calif. Jeffrey R. David, 44, was sentenced today by U.S. District Judge William B. Shubb to seven years in prison for wire fraud and aggravated identity theft, U.S. Attorney McGregor W. Scott announced. On this Monday, walking through the Davids' new front door is a dizzying procession of cable guys, utility workers and movers. This is the first moment when Kate, remarkably stoic throughout the 90-minute sentencing, visibly cries. 2012: Van Wagner fraud IN JANUARY 2019, top business-operations executives from the NBA and its 30 franchises congregate in Miami for the league's annual sales and marketing meetings. We have tools and resources that can help you use sports data. [7] Highly regarded executive Daryl Morey (who was the president of basketball operations of the Rockets at this time) said in 2018, "Monte has been absolutely critical to the success of the Rockets over his long tenure.". Sacramento Kings Profile and History . Sommercamp asks Jeff how he found the money to buy it. There have been so many weird things that have happened over the years with this club, which was incredible in . Raptors-Clippers, 10 p.m. *All times Eastern. Less than four years after siphoning off $30,000 in courtside signage, David had now stolen $13.4 million from the Kings and their top corporate partners.