Dr. J Accused of $420k Con to Bilk Woman
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.
WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.