Julius Erving Accused Of Fraud
By Wyatt Earp | February 7, 2011
Who knew Dr. J’s field of expertise was proctology?
Basketball legend Julius “Dr. J” Erving is facing legal action Saturday for allegedly cheating a wealthy Manhattan woman out of more than $420,000 in a deal with crooked money manager Kenneth Starr. Mary Gilbert’s suit — which charges Erving with breach of contract and fiduciary duty — seeks payment of all her lost profits, along with “prejudgment interest” and punitive damages.
In exchange for nearly $257,000 in cash, Erving allegedly promised Gilbert 33 percent of all his Commonwealth distributions until she was paid back and 30 percent of his returns after that. The deal turned out to be another slam dunk for Erving, who raked in more than $2.9 million from Commonwealth between 1995 and 2010, court papers said.
Wow. If this is true, it’s pretty despicable; especially since Erving was one of the truly good guys in Philadelphia sports
Topics: The Job | 3 Comments »
February 7th, 2011 at 1:09 pm
Personally, I always suspected he didn’t hold a doctorate degree
February 7th, 2011 at 5:18 pm
Look at the bright side…….
At least he didn’t cheat a POOR Manhattan woman out of $420,000.
February 7th, 2011 at 9:14 pm
Crusty – He’s a bamboozler and a liar? For shame!
JT – Yeah, that would probably be much worse.