Darden Jr. Convicted of Defrauding Ex-NBA Stars of $8M
The Georgia businessman was found guilty on all charges after deceiving Dwight Howard and Chandler Parsons in separate fraudulent schemes.
- Calvin Darden Jr. was convicted by a New York jury for defrauding former NBA players Dwight Howard and Chandler Parsons out of a total of $8 million.
- Darden was found guilty on multiple counts including fraud, bank fraud, and money laundering, with sentencing scheduled for January 27.
- Dwight Howard testified that he was deceived into investing $7 million in a fake scheme to purchase the WNBA's Atlanta Dream.
- Chandler Parsons was defrauded of $1 million in a bogus investment related to NBA player James Wiseman's development.
- Prosecutors plan to seize Darden's assets, including luxury items bought with the stolen money, and are seeking a prison term of 11 to 14 years.