Former NBA player Glen Davis was released from prison Thursday after serving 17 months of a 40-month sentence following a November 2023 conviction for his involvement in a scheme to defraud the league’s healthcare plan.
Davis and fellow NBA player Will Bynum were convicted by a Manhattan jury in 2023 for filing false reimbursement claims to the NBA’s health and welfare benefit plan for medical care and procedures that were not actually performed. The two were among 19 people indicted, 18 of them former NBA players, including Tony Allen, Terrence Williams, Shannon Brown, Melvin Ely, Sebastian Telfair and Keyon Dooling.
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Bynum, an eight-year NBA veteran, was sentenced to 18 months in prison in April 2024 and ordered to pay $183,000 in restitution.
Those involved in the defrauding scheme gained over $5 million in illicit profits, according to the U.S….
PROCUREMENT & EXPENDITURE (STOPPING KICKBACKS)
Procurement fraud usually involves inflated invoices or “fictitious” vendors.
- The Three-Way Match: Never pay an invoice unless you have matched the Purchase Order (PO), the Delivery Note (signed), and the Supplier Invoice.
- Vendor Master File Review: Review your vendor list annually. Look for suppliers with the same bank details or physical addresses as your employees.
- Dual Authorization: Implement a “Two-to-Sign” rule for all EFT payments above a certain threshold (e.g., R5,000).
- No “Cashing” of Checks: If you still use physical checks, strictly prohibit “Cash” as a payee and store blank checks in a dual-lock safe.