SAN FRANCISCO (AP) The Sacramento Kings said Thursday that federal authorities are investigating a former top executive after team officials uncovered suspicious financial transactions.
The Kings said the FBI and federal prosecutors took formal action Monday to recover money former chief revenue officer Jeffrey David is suspected of embezzling. David holds the same position with the Miami Heat after leaving the Kings in June.
The U.S. Attorney's office in Sacramento declined to comment and the team provided no other details. No charges have been filed.