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….
MANAGEMENT & CULTURE (THE “TONE AT THE TOP”)
Fraud thrives in “sloppy” environments where leadership ignores the rules.
- The Fraud Triangle: For fraud to occur, three elements must be present: Pressure (the need for money), Rationalization (thinking “I deserve this”), and Opportunity (weak controls). You can only control the Opportunity.
- Whistleblower Hotline: Provide an anonymous way for staff to report “odd behavior.” Most internal frauds are caught via tips, not audits.
- Background Checks: Conduct credit and criminal record checks for all employees in financial or data-sensitive roles.
- Annual Ethics Training: Make sure every staff member knows that the company has a Zero Tolerance policy toward “borrowing” from petty cash or fudging overtime.