Former Chicago Bulls star Toni Kukoc is suing his former Swiss bank, accusing one of its bankers of working with Kukoc’s personal financial adviser to steal $11 million.
The three-time NBA champion filed suit in Cook County last week against EFG International, which merged with Banca Svizzera Italiana, or BSI. Kukoc alleges BSI began working with his financial adviser in 2004 to defraud him.
The lawsuit contends EFG, a private banking group, assumed BSI’s liabilities when they merged in 2016.
Paolo Banfi worked as an independent financial adviser, separate from BSI. Banfi started working with Kukoc in 1991 and for more than a decade there didn’t seem to be any problems, according to Scott Hessell, one of Kukoc’s attorneys.