Basketball great Julius Erving, who rose to fame in the 70s and 80s, is now gaining a different sort of notoriety.
MyFoxPhilly cites a New York Post report claiming that the former star athlete has been accused of bilking a woman out of more than $400,000 in a “questionable” investment deal. Also allegedly involved is Kenneth Starr (no, not that one), a money manager who is currently awaiting sentencing for his part in a $50 million Ponzi scheme. According to the Post report, Mary Gilbert said she met Erving through Starr in 1990 and was persuaded to invest in a limited-partnership.
Court papers said Gilbert uncovered alleged improprieties in the deal after hiring experts to review her finances following Starr’s arrest last year.
Neither Erving nor his lawyers had any comment.