(Adds quote from lawyer, details on civil suit)
SAN ANTONIO, Sept 9 (Reuters) - Retired NBA superstar Tim Duncan's former financial adviser has been indicted on federal fraud charges accusing him of bilking the long-time San Antonio Spurs player out of millions of dollars, court papers unsealed on Friday showed.
Charles Banks, 49, was indicted by a grand jury on two counts of federal wire fraud on suspicion of defrauding Duncan, U.S. prosecutors in Texas said. Banks headed a Colorado-based business called Gameday Entertainment.
The indictment identified Duncan, 40, only by his initials, but his lawyer confirmed that it referred to the five-time NBA champion and that the amount misappropriated by Banks through a series of financial schemes totaled $7.