Miami Heat have had a busy summer worrying about how they are going to cope without star baller LeBron James during the upcoming NBA season.
But it is not only on the court matters that have plagued the franchise in the last year. Heat lost the NBA title last season in emphatic style to the San Antonio Spurs, and to add insult to injury, three of their star players lost out on millions of dollars after they went into business with a scam artist.
It seems that a man previously convicted of real estate investment fraud has finally agreed to plead guilty for his multimillion dollar investment scam which made victims out of three Heat players and the team itself.
It is understood that court records show Haider Zafar will plead guilty to several charges after he defrauded Heat players Mike Miller, James Jones and Rashard Lewis in 2013.
“Court records show Haider Zafar will plead guilty to five counts of wire fraud, each of which carries a maximum 20-year prison sentence,” ESPN reported.
Huge money loss
The three players handed over a combined $7.5 million for a variety of business opportunities. But instead of using the money for business, Zafar is believed to have kept the money and even used some to buy a three-season Heat ticket package worth in the region of $1 million.
Zafar also pleaded guilty in February in Ohio to an unrelated incident. He is understood to have swindled $10 million for a land-buying investment. But at least the good news has finally come for the Heat and the three players, Zafar will plead guilty to the Florida case after it is transferred to Ohio.
Other Heat problems
This is not the craziest story that Miami has had to endure this summer, with LeBron James’ decision to leave for Cleveland still affecting the team and the city.
But it is believed that star baller Dwyane Wade will do all he can to make sure that LeBron’s void is filled. Speaking this week, Wade explained that he is more than willing to stretch himself physically to make sure the Heat rebound post-LeBron.
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