Former assistant stole millions from Gilbert Arenas

A federal jury in Orlando on Wednesday found a personal assistant to former Magic guard Gilbert Arenas guilty of stealing more than $2 million from Arenas while he was playing in the NBA.

U.S. Attorney A. Lee Bentley III announced that John A. White, 40, of Windermere, was found guilty of 11 counts of wire fraud and four counts of filing a false tax-related document. He faces a maximum penalty of 20 years in federal prison for each wire fraud count and up to three years for each false document charge.

White was indicted on April 9, 2015. His sentencing hearing is scheduled for Nov. 19.

White was employed as the personal assistant to Arenas from 2006-2012, according to the evidence presented at trial.

Arenas played 49 games with the Magic during the 2009-10 season and was waived Dec.10, 2011.

During 2008-2011, White stole approximately $2,188,170 from Arenas by making unauthorized online banking money transfers from one of Arenas’s bank accounts into three different bank accounts that White controlled.

Court records show White spent these funds on his own personal expenses. He used them for mortgage payments for his home in Windermere and to buy a Ferrari and a Range Rover.

White also filed false joint income tax returns with the IRS for each of these years, according to the evidence. In these tax returns, he and his wife never reported more than $60,000 in gross income, when in fact their joint income was significantly greater due to the money White stole from Arenas, the court said.

This case was investigated by the IRS-Criminal Investigation, with assistance from the U.S. Secret Service. It is being prosecuted by Assistant U. S. Attorney Andrew C. Searle.

Arenas, 33, has been retired as a player since the 2011-12 season after playing 17 games with the Memphis Grizzlies.

He was acquired by the Magic in a trade on Dec. 19, 2010, from the Washington Wizards for Rashard Lewis.

The Magic waived Arenas the following December, using the amnesty provision. The provision allowed a team a one-time option to waive a player’s remaining contract from the salary cap and luxury tax.

Arenas was owed roughly $62 million remaining on the final three years of his six-year, $111 million deal. Arenas and the Magic agreed to stretch out the payments, with the final installment coming this season.

Written by Nick Endress

Nick Endress

Nick the Quick Endress is an avid fan of basketball and hip hop, and a contributing writer with WJS since 2013. Nick has interviewed rappers, ballers, rapper ballers, and baller rappers on the site and continues to preach that the NBA should have a team in Europe. Maybe because Nick currently lives outside London where to them Football is actually played with your feet, can you believe this fatuousness?