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    4 People Accused of $13 Million in Pro Athlete Fraud Schemes

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    Prosecutors said the people, including a former N.B.A. agent, took money from professional basketball players and spent it on luxury goods and home renovations.Four people were arrested Thursday and charged with collectively defrauding four professional men’s basketball players out of more than $13 million, according to Damian Williams, the United States Attorney for the Southern District of New York.In one scheme, three players were allegedly persuaded to purchase more than $5 million worth of life insurance policies at an enormous markup. In another, a fourth player spent $7 million to buy a women’s professional basketball team, but prosecutors said the money never went toward a purchase. In the third scheme, a player spent $1 million to fund a player representation agency that never existed, according to the indictment.“These defendants believed that defrauding their professional athlete clients of millions of dollars would be a layup,” Williams said in a statement. “That was a huge mistake, and they now face serious criminal charges for their alleged crimes.”Darryl Cohen, Brian Gilder, Charles Briscoe and Calvin Darden Jr. were each charged with one count of wire fraud and one count of conspiracy to commit wire fraud. Each charge carries a maximum sentence of 20 years in prison.Cohen, who was formerly a broker at Morgan Stanley, was also charged with one count of investment adviser fraud. Briscoe, who was formerly a certified N.B.A. agent, was also charged with one count of aggravated identify theft.Cohen, Gilder, Briscoe and Darden could not be reached for comment, and court filings did not list lawyers for any of them. Brandon Reif, a lawyer who previously represented Cohen, did not immediately respond to a request for comment on Thursday.In a statement, Morgan Stanley, where Cohen worked from 2015 to 2021, said he had been “terminated” in March 2021 and had since been barred from the securities industry. “We fully cooperated with the investigation and have resolved clients’ claims related to Mr. Cohen,” a spokeswoman for the firm said.The U.S. Securities and Exchange Commission also filed a civil complaint against Cohen.The identities of the professional athletes that prosecutors say were defrauded were not released. But many of the details of the life insurance scheme appear to match claims made by Jrue and Lauren Holiday, Chandler Parsons and Courtney Lee, who previously described allegations of being defrauded by Cohen to The New York Times.Jrue Holiday plays for the N.B.A.’s Milwaukee Bucks, and Lauren Holiday, his wife, is a former professional soccer player. Parsons and Lee are former N.B.A. players. They all said they had filed claims against Cohen with the Financial Industry Regulatory Authority, which oversees brokerage firms.According to the indictment, between about 2017 and 2020, Cohen and Gilder induced three N.B.A. players to purchase about $6.2 million in life insurance policies, from which Cohen and Gilder “secretly profited” about $4.5 million. Cohen allegedly gave about $200,000 of the money to a person with whom he was in a romantic relationship and used the other funds to pay off a former professional baseball player who was threatening to sue him, to pay his credit card bill, and to renovate his home, according to prosecutors.Another plan involved purchasing a women’s professional basketball team, according to the indictment. An N.B.A. player had wanted to purchase the team, but was forbidden from doing so by the N.B.A.’s collective bargaining agreement.The player discussed an “arrangement” with Briscoe, Darden and others, in which the player would indirectly buy the team through a company controlled by one of Darden’s relatives, prosecutors said. The player transferred $7 million to a bank account, which was controlled by Darden, to purchase the team. But instead, prosecutors said, Darden transferred more than $1 million to Briscoe and more than $500,000 to a relative, then spent the rest on cryptocurrencies, a house, luxury cars, art and a piano.Cohen, Briscoe and Darden are also accused of defrauding an N.B.A. player who wanted to start a player representation agency that he would run after he retired, according to court filings. The player gave Briscoe $1 million so the agency could pay expenses involved with signing a highly touted prospect. But prosecutors said the prospect never signed with the agency, and that the purported contract he signed was forged. The money allegedly was transferred to Briscoe, who paid off a debt and gave some of it to Darden, according to the indictment. More

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      The Milwaukee Bucks Are Betting on Déjà Vu

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      Of course Giannis Antetokounmpo is back this season — but so is almost everyone else. Continuity could give Milwaukee an edge amid the N.B.A.’s roster upheavals.PHILADELPHIA — After Khris Middleton spent his first season in professional basketball with the Detroit Pistons and the Fort Wayne Mad Ants of the N.B.A. Development League, he was traded to the Milwaukee Bucks. At the time, he was merely hoping for steady employment.A few weeks later, when Middleton arrived in Milwaukee for training camp before the start of the 2013-14 season, he was not the only fresh face. He was joined by Giannis Antetokounmpo, a precocious draft pick who proudly professed his love for fruit smoothies and was similarly awe-struck to be in the presence of veteran teammates like Caron Butler, O.J. Mayo and Zaza Pachulia.“They were basketball gods to us at the time,” Middleton said, “just because they’d been so successful in the league for so many years and we were trying to learn everything we could from them.”Even then, Middleton was savvy enough to understand that it would take time to build winning habits. Milwaukee went 15-67 that season to finish with the worst record in the league while ranking last in home attendance. The Bucks were not a product that many people wanted to buy.“It wasn’t going to be an overnight success story,” Middleton said. “We settled in for the long haul.”On Thursday night, as the Bucks christened their new season with a 90-88 win over the 76ers, their days of hard-won habit-building were the stuff of ragged memories. Milwaukee has made six straight playoff appearances, winning a championship in 2021, and figure to be in the mix to win it all again this season.Brook Lopez is in his fifth season with the Bucks. He’s been a steady scorer and defender.Matt Slocum/Associated PressIt helps that Antetokounmpo is one of the best players in the world. After a busy summer that included the release of “Rise,” a Disney+ biopic about his life, and a run in the EuroBasket tournament with Greece’s national team, Antetokounmpo crammed 21 points, 13 rebounds and 8 assists into 36 minutes against the 76ers.“They know how to play with their star,” Sixers Coach Doc Rivers said.But that only comes with continuity, patience and stability — concepts that are increasingly foreign in pro sports.Antetokounmpo and Middleton have been with the Bucks since the dark ages. Brook Lopez and Pat Connaughton, two other members of the team’s core, came to Milwaukee before the start of the 2018-19 season, which was also Mike Budenholzer’s first season as coach. And 14 of the 17 players on the current roster were with the team last season. One of them, Wesley Matthews, made the go-ahead 3-pointer against Philadelphia.“I think it helps us to start the season when other teams have new players, new additions, new coaching staff — all those kinds of changes,” Matthews said. “For the most part, we’re the same team. So being in moments like this, we’ve been there before.”Now in his 15th season, Lopez has played for teams where it took time “to figure stuff out,” he said. Where players needed weeks, or even months, to feel comfortable in new systems. Where training camps included exercises designed to enhance chemistry.“They’re good things, and that’s why people do them,” Lopez said. “But we don’t necessarily need to make people do team bonding or anything like that. It’s very natural around here. We have people hanging out, enjoying each other’s company, and we’re all glad to be a part of this.”Not that the Bucks have been immune to disappointment. In 2018-19, they had the league’s best regular-season record, then lost to the Toronto Raptors in the Eastern Conference finals. It was more of the same the following season: best record, early exit (this time to the Miami Heat in the conference semifinals).“We were disappointed in ourselves,” Lopez said. “We knew we had more to give and more to achieve as a group. We knew we could be better.”After a period of uncertainty for the team and collective anxiety for the Milwaukee area, Budenholzer returned as coach, the Bucks bolstered their backcourt by trading for Jrue Holiday, and Antetokounmpo agreed to a mammoth contract extension. Several months later, the Bucks were N.B.A. champions for the first time since 1971.“The fact that the franchise stuck with us and kept the team together shows that they believed in what they were trying to build,” Middleton said. “And we all wanted to stay and get the job done.”They all were part of Milwaukee’s championship team in 2021: Jrue Holiday, center; back, left to right: Khris Middleton, Lopez, Antetokounmpo, Bobby Portis.Morry Gash/Associated PressThe Bucks have that feeling again after losing to the Boston Celtics in the conference semifinals last season. It hardly helped that Middleton missed the series with a knee injury. And they are not yet whole this season, either: Middleton is rehabilitating from wrist surgery, and Connaughton has a strained calf.Still, the Bucks have their foundation in place.“We’re not talking about our basic defensive or offensive principles,” Connaughton said. “Everybody already knows them. Instead, we’re talking about how to improve.”This is a critical season for Milwaukee. Lopez is in the final season of a four-year deal, and Middleton, who signed a five-year contract with the Bucks in 2019, has a player option for next season. Their futures are uncertain. But nothing lasts forever, and the Bucks want to capitalize while they can. It has taken a long time for them to reach this stage, to have so much familiarity with one another.“It’s rare,” Middleton said. “It’s definitely rare.”On Thursday morning, as the team wrapped up a pregame workout, Middleton was accosted by Joe Ingles, one of the team’s newcomers. After edging Middleton in a friendly shooting competition, Ingles wanted to make sure everyone knew it: “We’ve got 81 more games, and it’s 1-0 to Joe.” Middleton shook his head and laughed.“This,” he said, “is one of the reasons I wish we didn’t make any changes.” More

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      Bucks’ Physical Play Makes Celtics Suddenly Look Average

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      Giannis Antetokounmpo overcame early struggles to post a triple double against Boston, which had looked impressive in its sweep of the Nets.The task of stopping a player like Giannis Antetokounmpo — has there ever been a player like Giannis Antetokounmpo? — represents something of a collaborative quagmire.You need a player at once big and strong and nimble enough to stay in front of him. You need others, preferably long-armed men, pestering him with their hands from the periphery. Then you need someone to stand tall and protect the rim from the inevitable onslaught.The Boston Celtics have all of those things. They showed as much last week, in spectacular fashion, when Kevin Durant, Kyrie Irving and the rest of the Nets were swallowed up in their quicksand defense. And, still, it may not be enough.On Sunday, Antetokounmpo led the Milwaukee Bucks to a comprehensive, 101-89 win at Boston in Game 1 of their Eastern Conference semifinals matchup, quieting, for a night, the hype bubbling around the Celtics after their impressive four-game sweep of the Nets.In the process, in making one of the N.B.A.’s hottest teams look normal for a night, the Bucks were also making a point: The national basketball conversation — that nebulous thing that floats across television and social media and newspaper columns — may inexplicably overlook them at times, but they are the defending champions, and they employ one of the world’s most spectacular athletes.The league’s Most Valuable Player Award this year may be seen as a two-man contest between Nikola Jokic of the Denver Nuggets and Joel Embiid of the Philadelphia 76ers. And soap operas and train wrecks may draw the focus of fans to other big-market teams. But all the while, Antetokounmpo and the Bucks are going about their business as one of the most formidable clubs in the league.For Antetokounmpo, then, this series represents an opportunity: How better to burnish your towering reputation than against the league’s most feared defense?“He keeps reading the game,” Bucks Coach Mike Budenholzer said of Antetokounmpo, who overcame some early struggles to register a triple double: 24 points, 13 rebounds and 12 assists. “Sometimes it’s scoring it. Sometimes it’s sharing it. He knows he’s got to do both.”The Celtics made a loud entrance onto the playoff stage last month with a flock of long-limbed, athletic defenders working together in the switching, scrambling, disorientingly aggressive defensive system of their first-year coach, Ime Udoka.Durant seemed perplexed by it all. After the series, he willingly sang Boston’s praises.Durant and Antetokounmpo enjoy similar statures in the N.B.A. They are both virtuoso artists. But they work in different mediums. If Durant is a painter with a palette of fine watercolors, Antetokounmpo is a sculptor wielding a mallet and a chisel.If Sunday was any indication, the physicality of Antetokounmpo and the rest of the Bucks’ roster could represent a key difference between the first and second rounds for the Celtics.When the Celtics tried to funnel Antetokounmpo this way or that, he simply skipped around them, a sports car swerving through traffic. If Boston’s defenders — large men, all of them — tried more physical methods to throttle him, they bounced feebly off his body.Midway through the fourth quarter, the Celtics appeared, for once, to corral Antetokounmpo into a dead end. Looking around and realizing he was trapped — “I’m going to get stuck,” he said he told himself — he flipped the ball off the backboard and snatched it out of the air again for a two-handed dunk over Jayson Tatum’s head.“That’s pure talent, pure instinct,” Budenholzer said. “He’s a great player. He does things that are unique and special and timely. That’s one of those plays where you’re just happy he’s on our side.”More important than one superstar’s solo work, though — and another potentially crucial difference between the circumstances of Durant and Antetokounmpo — were the contributions of Milwaukee’s supporting cast.Antetokounmpo, driving for a basket, posted 24 points, 13 rebounds and 12 assists in Game 1 of the Eastern Conference semifinals in Boston.David Butler Ii/USA Today Sports, via ReutersThe spotlight on Antetokounmpo has sizzled brighter in the absence of Khris Middleton, the team’s second-best player, whose participation in this series remains in doubt after he injured his left knee in Game 2 of the first round last month. A three-time All-Star who averaged 20.1 points and 5.4 assists per game in the regular season, Middleton commands plenty of attention with his ability to create his own shot and score in isolation.With him watching the game from the bench in a navy blue jacket, so much more of the Celtics’ focus could flow toward Antetokounmpo, with the ball spending so much more time in his hands.But those bemoaning Middleton’s absence may be overlooking the Bucks’ remaining cast of trustworthy satellite contributors, players capable of sinking a shot after a defense has collapsed on Antetokounmpo.Jrue Holiday, celebrated often for his defense but a formidable scorer when called upon, chipped in 25 points, 9 rebounds and 5 assists. Grayson Allen led the Bucks’ reserves with 11 points, making three of six 3-point attempts.“I try to be as simple as possible,” Antetokounmpo said. “My teammates were there, they were open and they were knocking down shots.”Still, all of these players, the entirety of the Bucks’ universe — their offense, their defense, their collective mood and personality — revolves around Antetokounmpo.How much fuel does he have to burn? He played all but a few seconds in the first quarter, took a short break at the start of the second and got some reluctant rest in the third after an ill-advised fourth foul. Otherwise, he huffed through 38 punishing minutes, earning respite at the end only because the game was clearly decided.Afterward, he let out a long groan as he folded himself into a chair to talk to reporters.“Maybe I’m weird,” Antetokounmpo said when asked whether he felt roughed up. “I thrive through physicality. I love feeling beat up after games. I don’t know why. My family thinks I’m a weirdo.”For a Celtics defense still smarting from a steamrollering, these may be ominous words. More

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      The Milwaukee Bucks Win the N.B.A. Championship

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      The Bucks defeated the Phoenix Suns in the N.B.A. finals in six games for their first title in 50 years. It’s the first championship for Giannis Antetokounmpo.MILWAUKEE — A half-century ago, Kareem Abdul-Jabbar — a young goliath then known as Lew Alcindor — led the Milwaukee Bucks to their first championship. For decades, it was the only time the franchise had reached that height. More

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      For the Milwaukee Bucks, the Jrue Holiday Gamble Yielded a Jackpot

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      When the Bucks acquired Holiday, it was hardly clear that they had solved their problems and improved their chances of enticing Giannis Antetokounmpo to stay.The Milwaukee Bucks were in an unusual position during the last off-season.They were title contenders facing wholesale upheaval, with Giannis Antetokounmpo’s so-called supermax contract extension unsigned after they had again slunk out of the playoffs disappointingly early, despite having the best regular-season record for a second consecutive season. More

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      For Jrue Holiday, It’s a Good Game When His Wife Says So

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      The pressure is on as the Bucks head to the N.B.A. playoffs, but Holiday has somebody at home who understands competition: his wife, Lauren, who faced high expectations on the U.S. national soccer team.It was not until May, which the Bucks began with back-to-back victories over the Nets, that Milwaukee loudly announced it was still an N.B.A. championship contender. Jrue Holiday scored 14 points in the first quarter of the second win, and in a contented home locker room, one of the league’s foremost defensive players let his guard down.As he made his usual postgame scan of his phone for messages, he was greeted by a text from his wife, Lauren. It included the words that will get any spouse’s attention: “We need to talk.”“You could have done more,” Lauren Holiday wrote.After his productive first quarter, Jrue Holiday scored only 1 point in nearly six minutes in the second quarter. Lauren Holiday, who won two Olympic gold medals and the 2015 World Cup as a bustling midfielder with the United States women’s national soccer team, did not regard the sweep of the Nets or her husband’s play as a significant statement. She said she “felt like he took the quarter off.”“It’s not that I think he did poorly,” Lauren Holiday said. “I just wanted to know what his thinking was — just help me understand. At first he said, ‘I took what the defense dictated,’ and I said, ‘No, I don’t agree.’ Those are the conversations he has to have just because I’m also a competitor.”The Holidays have been a tandem since they were athletes at U.C.L.A., and only grew closer after doctors found she had a brain tumor in June 2016, six months into her pregnancy with their daughter, Jrue Tyler. They have two children now, and maintain deep rooting interests in each other’s sports. They also oversee a seven-figure social fund that supports Black-led nonprofit organizations and Black-owned businesses, after deciding last year that they could be doing more as a couple, too.They relocated to Milwaukee from New Orleans in November. The Bucks viewed Jrue Holiday as the sort of marquee addition whose arrival would persuade Giannis Antetokounmpo to make a long-term commitment to the small-market franchise, so the Bucks surrendered the veteran guards George Hill and Eric Bledsoe, three future first-round draft picks and the rights to swap two more first-round picks to get him as part of a four-team trade.After a nervy wait for Bucks fans, Antetokounmpo signed a five-year, $228 million contract extension, the so-called supermax, 21 days after the trade, only for Holiday to quickly discover that business matters were merely a part of the burden.The Bucks have not won a championship since the 1970-71 season. Antetokounmpo shoulders the weight of expectations more than anyone in town, after winning back-to-back Most Valuable Player Awards and last season’s Defensive Player of the Year Award, but Holiday is next in line. He was billed as the Bucks’ missing piece who, despite just one All-Star appearance and 31 playoff games on his 11-year résumé entering this season, would lift them to a new level. And that talk began months before he signed a four-year contract extension in April worth at least $134 million.“It is something that you don’t get used to but you have to accept if you want to be in this line of work,” Holiday said.Lauren Holiday celebrated with teammates after defeating Japan in the final of the 2015 Women’s World Cup.Michael Chow/USA Today Sports, via ReutersLauren Holiday agreed. She played in four major competitions in her eight-year career with the national team, helping the United States win three of them. Although the 2011 World Cup final slipped away on penalty kicks against Japan, she said she only ever imagined going four for four.“The N.B.A. is like a different world,” she said. “They try to manage their bodies. That part of basketball, how they rest, that’s all foreign to me. I’m 110 percent all the time. That’s all I know. That was instilled in us on the national team: ‘You are winners. We win. We don’t lose.’”Lauren Holiday’s expertise in coping with lofty expectations makes her a helpful sounding board for her husband as he heads into a postseason in which the Bucks will be immediately confronted by some demons, thanks to a first-round matchup against the Miami Heat. Milwaukee was dominated by Miami in five games last summer in a second-round series in the N.B.A. bubble at Walt Disney World, crashing out early after posting the league’s best regular-season record for the second consecutive year.She was also the primary source of counsel when Jrue, still with New Orleans, gave strong consideration to skipping the N.B.A. restart. Their JLH Fund was inspired by her suggestion that he finish out the Pelicans’ season and donate the remainder of his 2019-20 salary ($5.3 million) to help Black communities ravaged by the pandemic and a summer of social turmoil after the May 2020 murder of George Floyd in Minneapolis.The initial focus of the grants were the cities closest to the Holidays: New Orleans, Indianapolis (her hometown) and Los Angeles (his hometown). On Monday, they will donate an additional $1 million to the fund to begin a second round of grants and add Milwaukee to the list of featured cities.“I’m not going to lie: I didn’t really want to go to the bubble,” Jrue Holiday said. “It didn’t feel like it was the time for basketball. My wife was pregnant. I just felt like me leaving my family wasn’t the best for my family. I also wanted to go out and protest, but I couldn’t do that because I had to protect my family from Covid. I felt like I needed something to motivate me to go.”The new season, in a new city, predictably brought fresh challenges. Hendrix, the Holidays’ son, was 5 weeks old when the trade to Milwaukee went through. They chose a house, Lauren Holiday said, largely by scrolling through “pictures on Zillow.” It was the first house Jrue has lived in with a basement — which proved a vital utility when he had Covid-19 in February and missed 10 games.He said he moved into the basement for nearly two weeks of “isolation in my house.” Contact with the children peaked with FaceTime calls and pictures that 4-year-old J.T., as her parents call her, drew for her father and left at the top of the basement stairs.“I got to at least hear my kids,” Jrue Holiday said.He said he had “all the symptoms — chills, fever, headache, body aches, and I lost my taste and smell.” Yet Jrue, who will turn 31 next month, has recovered to assemble the best season of his career. He was shooting a career-high 50.3 percent from the field and 39.2 percent from the 3-point line entering Sunday’s season finale against Chicago, while only adding to his reputation as one of the game’s top two-way players. Respected veterans like Portland’s Damian Lillard and Miami’s Andre Iguodala have anointed him as the N.B.A.’s best individual defender. His strength, anticipation and aggression enable him to guard four positions on the floor, despite standing at just 6-foot-3.Jrue Holiday, guarded by Kevin Durant, during one of Milwaukee’s matchups against the Nets this season.Stacy Revere/Getty Images“He’s special on that side of the ball,” the Nets’ Kevin Durant said.Lauren Holiday said: “He’s playing with such freedom. And I feel like that was what he needed. I think change can be good sometimes, and this change has been just tremendous for him.”External judgment will naturally depend on how much Holiday can help the Bucks in the playoffs. After dominating the past two regular seasons and then having humbling playoff eliminations inflicted by Toronto in 2019 and Miami last year, Bucks Coach Mike Budenholzer heeded calls to experiment offensively (more screening) and defensively (more switching). The target was increased versatility, in support of a more top-heavy roster after relying for years on depth around Antetokounmpo, but the experimentation came with a cost.Sinking to No. 3 in the Eastern Conference means the Bucks’ path, just to earn a berth in the N.B.A. finals for the first time since 1974, could require them to eliminate Miami, the Nets and top-seeded Philadelphia in succession. Holiday’s presence theoretically eases pressure on Antetokounmpo and the sharpshooting Khris Middleton, but the trade assets and contract he commanded require Holiday to deliver All-Star production — whether or not he ever formally regains the All-Star status he achieved in 2012-13 with Philadelphia.An undaunted Holiday insisted that he was “ready to go,” and that he wished the playoffs “were here already.” Welcoming more pointed postgame critiques from Lauren, he added, is wrapped up in that readiness.“She’s literally the athlete and the winner in our family,” Jrue Holiday said. “Getting that from her means a lot to me. It’s real, and she backs it up.” More

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      Diego Maradona Loved Basketball. Its Stars Loved Him, Too.

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      AdvertisementContinue reading the main storySupported byContinue reading the main storymarc stein on basketballDiego Maradona Loved Basketball. Its Stars Loved Him, Too.Maradona, the Argentine soccer legend, was a big fan of his country’s biggest N.B.A. star, Manu Ginobili. But his fandom extended to Michael Jordan and, recently, Stephen Curry.Diego Maradona was a big fan of the N.B.A., from Michael Jordan to Manu Ginobili to Stephen Curry.Credit…Massimo Sambucetti/Associated PressBy More