NBA Agent Faces 40 Years in Prison for Stealing Players’ Millions

Charles Briscoe, who has represented NBA players, was arrested Thursday morning in Katy, Texas, on felony charges stemming from an alleged scheme to defraud pro basketball players.

Briscoe is accused of duping one player into transferring $7 million as a supposed payment to become the “full owner” of a pro women’s basketball team. None of the money went to a purchase, and the player never became the owner. Briscoe, 35, is also accused of forging the signatures of another player and the player’s mother on a player contract as a ruse to dupe yet another player into loaning him $1 million.

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The agent was charged with one count of conspiracy to commit wire fraud and one count of wire fraud. Both carry maximum prison sentences of 20 years. He was also charged with aggravated identity theft, which carries a mandatory prison term of two years.

The charges were revealed by U.S. Attorney Damian Williams of the Southern District of New York through the unsealing of an indictment dated March 13 and filed in SDNY. No players’ names are mentioned, with players instead described as “Athlete-1,” “Athlete-2,” etc.