Friday, January 8, 2010

Ex-Celtic Michael Smith faces theft charges

Los Angeles Clippers announcer and former Celtics [team stats] first-round pick Michael Smith has pleaded not guilty in Santa Ana, Calif., to stealing $735,000 from a golfing buddy in a failed development deal.

Smith and business partner Bruce Furst are charged with grand theft. They are accused of persuading a friend into using his home for collateral on a $735,000 loan to finance a Dana Point development deal. The market collapsed, the deal went sour and the victim is expected to lose his home.

Smith and Furst each face up to five years in prison if convicted. . . .

Former NBA star Jayson Williams apologized to police for “causing trouble” about 90 minutes after swerving into oncoming traffic and crashing his SUV into a tree, prosecutors said at the beleaguered ex-player’s arraignment on drunken driving charges in New York.