December 17, 2025 - 07:09

In a significant legal development, Lester Jones, the former senior vice president of finance for the Atlanta Hawks, has pleaded guilty to federal wire fraud. This plea comes after he was indicted in October for engaging in a scheme that involved years of concealed personal expenditures.
Jones admitted to misappropriating funds from the organization for his personal use, which included unauthorized transactions that went undetected for an extended period. The fraudulent activities not only breached the trust placed in him by the Hawks but also raised serious concerns regarding financial oversight within the organization.
As a result of his guilty plea, Jones now faces potential penalties that could include substantial fines and a lengthy prison sentence. This case serves as a stark reminder of the importance of ethical conduct in financial management, particularly within professional sports organizations where large sums of money are involved. The Hawks organization has since stated that they are committed to ensuring transparency and integrity in their financial operations moving forward.
April 1, 2026 - 01:57
Rocky Mount leaders summoned to Raleigh amid brewing financial crisisCity officials from Rocky Mount have been urgently summoned to Raleigh for a high-stakes meeting with the North Carolina Local Government Commission this Wednesday. The session will focus on the...
March 31, 2026 - 08:34
Wall Street Is Finishing the Worst Quarter for Stocks in Four YearsInvestors are closing the books on a punishing quarter, marking the steepest decline for U.S. stocks since the market turmoil of four years ago. The optimism that ushered in the year has been...
March 30, 2026 - 22:03
Stock market today: Dow rises, S&P 500 and Nasdaq slip as chip stocks tank, oil surgesThe Dow Jones Industrial Average managed a modest gain Tuesday, while the S&P 500 and Nasdaq Composite slipped into negative territory. The divergence highlighted a market grappling with...
March 30, 2026 - 04:55
Dawn Staley says leading topic in recruitment is financialThe landscape of collegiate athletics has undergone a seismic shift, and according to University of South Carolina women`s basketball coach Dawn Staley, financial discussions are now at the...