US government investigating NBA players' union
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US government investigating NBA players' union
The Associated Press
FILE - In this Nov. 10, 2011, file photo, National Basketball Players Association executive director Billy Hunter attends a news conference after a marathon meeting with owners in New York. The union confirmed Friday, April 27, 2012, it has received a subpoena for documents from the U.S. attorney's office in Manhattan and says it will cooperate as the federal government investigates its business practices. (AP Photo/John Minchillo, File)
FILE - In this Nov. 10, 2011, file photo, National Basketball Players Association executive director Billy Hunter attends a news conference after a marathon …
NEW YORK (AP) The federal government is investigating the business practices of the NBA players' association.
The union confirmed Friday it has received a subpoena for documents from the U.S. attorney's office in Manhattan and says it will cooperate with the investigation.
The NBPA also said in a statement that it has appointed a special committee to oversee an internal inquiry, including a financial audit.
Recent reports have questioned the NBPA's finances and spending practices, largely having to do with the hiring of family members and firms that employ relatives of executive director Billy Hunter. Hunter says he will cooperate with the internal inquiry, but will not be in involved in the effort so it remains independent.
The special committee, consisting of members of the NBPA executive committee and other player representatives. The special committee has retained Theodore V. Wells, Jr. and the law firm of Paul, Weiss, Rifkind, Wharton & Garrison LLP to conduct the inquiry.
The NBPA said in the statement it looks forward to putting the matters to rest.
Carly Sullivan, a spokeswoman for the U.S. attorney's office in Manhattan, said: ''We have no comment. We don't confirm or deny investigations.''
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112288- Posts : 7855
Join date : 2009-10-16
Re: US government investigating NBA players' union
i cant even say what i wanna say..
Matty- Posts : 4562
Join date : 2009-10-18
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