Jeffrey R. David, the disgraced former Sacramento Kings executive accused of siphoning off $13.4 million from team sponsors to purchase lavish beachfront homes in Southern California, was sentenced Monday to seven years in federal prison.
In a sentencing hearing that lasted more than an hour and a half, David wiped away tears and held back sobs at times as he described the damage he had done to his wife and three young children, but he could never seem to answer the basic question: Why did he do it?
David, who made $30,000 a month as the Kings chief revenue officer and also received a yearly bonus, said during court that he believed he could purchase the homes, improve them and sell them at a profit later that would allow the Kings to be repaid in full.
Sac Bee, 6/24/19