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Ex-NBA Agent Pleads Out

Ex-NBA agent Charles Briscoe pled guilty to wire fraud conspiracy and admitted to faking an NBA player’s signature on a $1 million loan. Although prosecutors requested an 18-month prison term, Briscoe will avoid prison time. Instead, he was sentenced to spend the first six months of his three-year supervisory period on home detention and will also forfeit $1.5 million.

Briscoe expressed extreme remorse for his actions, stating he “wakes up every day with regret.” During sentencing, U.S. District Judge Vernon S. Broderick recognized that Briscoe was involved with serial fraudster Calvin Darden, Jr., and considered the possibility that Briscoe may have been misled by Darden. Judge Broderick also took into account Briscoe’s young age of 37 and his efforts to rebuild his life.

Briscoe was also implicated in conspiracies with Brian Gilder who pled guilty to a count of wire fraud conspiracy and also avoided prison.

Briscoe was initially implicated in a larger scheme that defrauded four NBA players of more than $13 million. In one part of the scheme, a player was deceived into paying $7 million to purchase a women’s professional basketball team, although the funds were never used for the purchase. Additionally, the scheme involved persuading players to buy over $5 million in excessively priced life insurance policies.