Embezzlement, theft, damage, and destruction come from all directions in a constant storm. It seems like everyone has their hand in the cookie jar.
In 2015, Tim Duncan accused his former advisor of bilking him out of over $20M. At the time, he said, “I know what I am doing. It’s not like I was squandering my money or being irresponsible. I am a professional athlete, and I am constantly on the road. I did the appropriate thing and hired professional advisors to watch over my money and my investments. The problem was there was no one watching them.” In 2018, Tim settled for a recovery of $7.5M. It was the best he could do, while his advisor, Charles Banks, was eventually sentenced to four years in federal prison for defrauding him.
Walker Sports Audit is an independent audit service that autonomously evaluates their client’s entire portfolio of endorsements, contracts, investments, compliance, insurance, and tax reporting for a fixed or contingency fee. WSA also evaluates and rates all of their client’s financial relationships, especially with their agents, lawyers, accountants, coaches, doctors, trainers, advisors, family, and friends. Additionally, WSA can provide clients with independent continuous monitoring services for all of their financial activity.
What WSA Will Do There will be four main components of WSA services: → Independent Forensic Audit → Advacovery’s Recovery of Funds → Continuous Financial Monitoring → Walker Sports Audit Trusted Advisor Rating Service Walker Sports Audit will be launching July 2022. Learn more about WSA.