Former Timberwolves star Kevin Garnett is suing an accountant and his firm, claiming they helped a now-imprisoned wealth manager steal tens of millions of dollars of the retired athlete’s money.
The federal malpractice lawsuit alleges that Kentucky-based accountant Michael Wertheim and Welenken CPAs knowingly enabled Charles A. Banks IV in defrauding Garnett out of $77 million over several years through businesses in which Garnett and Banks shared an interest.
Wertheim “possessed actual knowledge that Banks was helping himself to millions of dollars of Garnett’s money and did nothing about it,” according to the suit, which was initially filed in Hennepin County District Court and moved Wednesday to U.