A top former executive with the Sacramento Kings has agreed to plead guilty in an audacious scheme in which he siphoned off $13.4 million from two of the team’s top sponsors and spent it on beachfront homes in Southern California.
Jeffrey R. David, the former chief revenue officer for the team, agreed Wednesday morning to a plea agreement in a deal that will recoup all of the money diverted from the Golden 1 Credit Union and Kaiser Permanente, his lawyer told The Bee.
David, 44, is expected to enter his guilty plea in a Sacramento federal courtroom in January.