Denver Nuggets star, Carmelo Anthony, is reportedly suing his former business manager, claiming he misappropriated more than $2 million of his assets.
In a lawsuit, filed in Sacramento, Calif. this week, Melo alleges that Larry W. Harmon -- and employees of Larry Harmon & Associates P.A. -- breached their fiduciary duties by transferring $1.75 million of Anthony's money without his knowledge or consent to a company formed by Harmon, most of it in 2008.
Another $265,500 was discovered to have been invested in third parties without Anthony's knowledge or consent between 2005 and 2008, according to the lawsuit.
He is seeking the recovery of the approximately $2 million, plus punitive damages.
"I intend to aggressively represent Carmelo Anthony," Melo's attorney, Robert W. Hirsh, told the Associated Press. "The evidence which I have reviewed strongly suggests that Carmelo Anthony's former business manager plundered his assets. It is reprehensible that professional athletes are so often victimized."
The discrepancies in his assets were found shortly after Melo had fired Harmon, and hired new management. During an audit of his assets, there were missing documents and transactions that were miscoded to hide where the money was going.
Harmon has not commented on the allegations.
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