A man basketball star Glen Rice called “one of his best friends” embezzled an estimated $1 million from heavyweight champion Mike Tyson, Rice and other athletes, according to a Feb. 6, 2017 Washington Post article.
Brian J. Ourand, who served as a financial adviser for Rice, Tyson and two other athletes, admitted to stealing money from the athletes and spending it on a number of luxuries including gambling, hotel stays and tanning sessions, said the article.
Ourand, a former executive with a management group owned by Live Nation Entertainment, was charged in 2015 on a 17-count indictment including federal mail and wire fraud. Under a plea deal, Ourand agreed to pay back the $1 million he stole.
Rice, 49, a Flint Northwestern graduated, led the high school to back-to-back state Class A championships in 1984 and 1985. He also led the University of Michigan to a national title in 1989 and won a NBA championship with the Lost Angels Lakers in 2000.
Ourand stole $265,124 from Rice, the article said.