Celtics

Kevin Garnett sues accountant over $77 million lost to wealth manager

Kevin Garnett sues accountant over $77 million lost to wealth manager

MINNEAPOLIS -- Kevin Garnett is suing an accountant and his firm, alleging they helped a wealth manager steal $77 million from the retired Minnesota Timberwolves and Boston Celtics star.

The federal malpractice lawsuit alleges Kentucky-based accountant Michael Wertheim and Welenken CPAs enabled Charles Banks IV of Atlanta to defraud Garnett through businesses in which Garnett and Banks shared an interest.

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The lawsuit contends Wertheim "possessed actual knowledge that Banks was helping himself to millions of dollars of Garnett's money and did nothing about it."

"Banks intentionally ... looted Garnett of his earnings and assets for many years, including the many years that Welenken and Wertheim provided accounting services to Garnett and his business interests," according to the lawsuit, which was initially filed in Hennepin County District Court and moved Wednesday to U.S. District Court in Minneapolis.

Defense attorney Greg Simpson told the Star Tribune his clients deny the allegations and will "vigorously" fight the suit.

Banks was not named as a defendant. Banks was sentenced last year to four years in federal prison for defrauding another former NBA star, retired San Antonio Spurs player Tim Duncan, of millions of dollars. In one of Duncan's deals with Banks, Duncan said he was told Garnett would be a partner.

Garnett's attorney, Mark Gaughan, declined to say why Banks was not named as a defendant. Gaughan said that "based upon the facts, we are confident this matter ultimately will be resolved in Mr. Garnett's favor."

The lawsuit claims Wertheim "took direction from Banks and for some reason chose to have virtually no contact with Garnett."

According to the lawsuit, Wertheim prepared financial statements, was a registered agent for companies in which Garnett held a financial interest, and added his name to bank accounts holding Garnett's money.

Wertheim also "worked in concert" with Banks to put Garnett on an allowance and set budgets that the 15-time NBA all-star was urged to follow, the suit read.

Garnett retired with the Timberwolves in 2016.

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Classic Celtics: Watch thrilling finishes during 'Iconic Moments Week'

Classic Celtics: Watch thrilling finishes during 'Iconic Moments Week'

The Boston Celtics have won 371 playoff games over their storied franchise history -- and a few stand out above the rest.

NBC Sports Boston's "Classic Celtics" series will continue during the week of Monday, May 25, by re-broadcasting five more C's playoff games that feature "iconic moments" we still remember to this day.

We'll take you as far back as the 1970s to a triple-overtime thriller against the Phoenix Suns and also re-live some recent heroics during Boston's latest championship run in 2008.

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Here's the full lineup for "Iconic Moments Week," which includes a new re-broadcast every night of the week starting at 8 p.m. ET:

'Iconic Moments' Week

Monday, May 25: Celtics vs. Pacers, 1991 First Round Game 5
Larry Bird returns from injuring his cheek in the first half to lead the Celtics to a playoff victory over the Indiana Pacers.   

Tuesday, May 26: Celtics vs. Lakers, 2008 NBA Finals Game 1
Paul Pierce exits in a wheelchair but returns later in the game to help the C's beat the rival Lakers at TD Garden. 

Wednesday, May 27: Celtics vs. Pistons, 1987 Eastern Conference Finals Game 5
Larry Bird steals the game, literally, for the Celtics in a pivotal Game 5.   

Thursday, May 28: Celtics vs. Lakers, 1984 NBA Finals Game 2
Gerald Henderson steals James Worthy’s inbound pass with 13 seconds left in the game to tie it, and the Celtics win in overtime to tie the series.  

Friday, May 29: Celtics vs. Suns, 1976 NBA Finals Game 5 
In what many call "the greatest game ever played," the Celtics outlast the Suns in three overtimes.

The action begins Monday at 8 p.m. on NBC Sports Boston, where Brian Scalabrine will be joined by several key players in these games for additional color commentary.

Here's how to watch:

When: May 25, May 26, May 27, May 28 and May 29, 8 p.m. ET
TV: NBC Sports Boston
Streaming: NBCSportsBoston.com and the MyTeams app (except May 25)

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Danny Ainge reveals why he initially rejected Celtics GM job offer

Danny Ainge reveals why he initially rejected Celtics GM job offer

Seventeen years ago, the Boston Celtics hired Danny Ainge to be their executive director of basketball operations and general manager.

Getting Ainge on board wasn't an easy task, though.

After spending seven-and-a-half seasons as a player on the C's in the 1980s, one would think Ainge would pounce on the opportunity to run one of the NBA's most iconic franchises. However, that was not the case as he was comfortable with his role as an analyst on TNT's NBA broadcast.

Celtics owners Wyc Grousbeck and Steve Pagliuca extended the job offer to Ainge twice, but he rejected it both times before finally accepting it in May of 2003. Ainge explained in more detail why he was hesitant to take the job in a recent conversation with Gary Washburn of The Boston Globe.

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“They (Grousbeck and Pagliuca) told me that (former Celtics president) Red (Auerbach) had recommended that they hire me,” Ainge told Washburn. “I was flattered and I told them thank you. My three older kids had graduated from high school. I have my three youngest at home, so life is a little bit different. I told them I was not interested in the job and I gave them names of people in the league and some former Celtic players they should interview.

“I didn’t jump at it. It wasn’t anything I was looking to really do. As time went on, they had come a second time and a third time while I was broadcasting. I sensed my wife was warming up to the idea. Eventually, I said yes.”

With Ainge at the helm, the Celtics later won their 17th NBA title in 2008. After the championship season, Ainge was promoted to president of basketball operations.

Seems like taking the job turned out to be the right choice.