Mike Tyson’s Financial Advisor Guilty of Embezzlement

0
110

Mike Tyson’s Financial Adviser Guilty of Embezzlement

Boxing champ Mike Tyson invited his financial adviser to his wedding. Basketball player Glen Rice called him “one of his best friends.”

Brian Ourand was the man who these famous athletes trusted not only as a friend but with their money. And it turns out, he was stealing from them, according to the Washington Post.

Ourand is a former executive with a management group under Live Nation Entertainment whose clients included Tyson, Rice, basketball star Dikembe Mutombo and other athletes. The 55-year-old adviser pleaded guilty to embezzlement in Federal court Monday. He admitted to stealing nearly $1 million from Tyson, Rice and two other athletes.

He admitted to using fraudulent checks, credit cards and illegal wire transfers to steal the funds, which he spent on gambling debts, dental work, hotels, and tanning sessions. Ourand was charged in December 2015 on 17 indictments including wire fraud, aggravated identity theft and federal mail fraud.

Under his plea deal, Ourand agreed to pay back $546,168 that he stole from Tyson between 2006 and 2011; $265,124 stolen from Rice; $182,957 from Mutombo and $8,141 from another unidentified athlete, the Washington Post reports.

Though he pleaded guilty to a charge that carries a maximum punishment of 20 years in jail, he will only face 33 months to 41 months under the terms of his plea agreement.