An attorney for Tim Duncan recently described Charles Banks, Duncan’s long-time financial adviser, as treating the Spurs star as his personal piggy bank. A report from Bloomberg news pinned down the exact figure that Duncan has allegedly been bilked out of: A cool $25 million, more than 10 percent of his estimated career earnings. “Luckily I had a long career and made good money,” Duncan said in the report, which was posted on Wednesday. “This is a big chunk, but it’s not going to change my life in any way. It’s not going to make any decisions for me.” Including, Duncan added, whether or not he returns for a 19th NBA season. Duncan has filed a lawsuit against Banks seeking to recover more than $1 million in damages. Banks, a Georgia businessman whom Duncan met during his rookie season with the Spurs in 1998, is alleged to have withheld 20 percent of what Duncan is owed on a $7.5 million loan to a sports merchandise company without his authorization. But Wednesday’s report indicates that Banks’ alleged fraud goes much deeper. See more: http://blog.mysanantonio.com/spursn...t-pegs-duncans-loss-at-25-million/#33752101=0
