LEXINGTON, Ky. (WKYT) – Former University of Kentucky men’s basketball guard Kerr Kriisa was arrested by FBI agents and is expected to be extradited to West Virginia in connection with alleged fraud charges, according to a report from On3.
The Fayette County Detention Center confirms to WKYT that Kriisa is being held there. They confirm that he was arrested on the evening of July 3, but due to it being a federal case, they cannot release details of his arrest or charges. Bail has not been set.
Kriisa, 25, recently completed a six-year college career with stops at Arizona, West Virginia, Kentucky and Cincinnati.
On3 reported the allegations stem from his time at West Virginia during the 2023-24 season and described the case as involving a multimillion-dollar fraud scheme. A court hearing is scheduled for next week, the outlet reported. The FBI has not publicly released details of the…
This category refers to crimes committed by employees or insiders against their own organizations. It is often the most damaging because the perpetrator has authorized access to systems.
- Asset Misappropriation: The most common form, involving the theft of company resources. This ranges from simple “skimming” (taking cash before it’s recorded) to complex schemes involving the theft of inventory or intellectual property.
- Payroll Fraud: Employees may create “ghost employees” on the system, falsify their own timesheets to claim unworked overtime, or divert salary payments to their own accounts.
- Financial Statement Fraud: Management deliberately misrepresents the company’s financial health by inflating revenue or hiding liabilities to attract investors or meet performance bonuses.