NBA Players’ Union Under Investigation by U.S. Attorney
Source: Bloomberg
The National Basketball Players Association is being investigated by the U.S Attorney’s Office in Manhattan after President Derek Fisher asked for independent reviews of its finances and business practices, the union said in a statement.
Union Executive Director Billy Hunter was notified of the investigation by subpoena for documents on April 25, according to two people with direct knowledge of the situation. The people were granted anonymity because they weren’t authorized to discuss the investigation.
“The NBPA will cooperate fully with the government’s investigation,” the statement said.
The association has appointed a six-member special committee that consists of player representatives and executive committee members to oversee an internal inquiry that will include a financial audit. The statement didn’t say which players would serve on the committee.
Read more: http://www.bloomberg.com/news/2012-04-27/nba-players-union-receives-subpoena-from-u-s-attorney-s-office.html
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