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NBA Agent Faces Prison for Stealing Players’ Millions

Charles Briscoe, an agent previously involved with NBA players, was arrested on felony charges in Katy, Texas, on Thursday morning. The charges arise from an alleged fraud scheme targeting professional basketball players.

Briscoe reportedly misled one player into transferring $7 million under the pretense of acquiring full ownership of a professional women’s basketball team, a transaction that never occurred and did not result in ownership. Furthermore, Briscoe, aged 35, is alleged to have forged the signatures of another player and that player’s mother on a contract, deceitfully convincing a third player to loan him $1 million.

The agent faces charges including one count of conspiracy to commit wire fraud and one count of wire fraud, each carrying a potential 20-year maximum prison sentence. He is also charged with aggravated identity theft, which mandates a two-year prison term.

These charges were disclosed by U.S. Attorney Damian Williams of the Southern District of New York following the unveiling of an indictment on March 13.

Additionally, Briscoe, not currently recognized as an active agent by the National Basketball Players’ Association, is allegedly connected to three other individuals facing similar charges: investment advisor Darryl Cohen, financial planner Brian Gilder, and intermediary Calvin Darden Jr.

Despite previous associations with NBA players like Dwight Howard, Michael Beasley, and Chris Duarte, disputes exist over Briscoe’s client list, with other agents now representing these players according to updated records. Last year, Continuum Capital initiated legal action against Briscoe for allegedly false claims regarding his representation of Howard.