The ASSOCIATED PRESS has an accusation against L.A. Clippers announcer Michael Smith that came absolutely out of nowhere:
Smith, 44, and his business partner Bruce Furst, 57, were charged Dec. 21 with felony grand theft, Orange County district attorney spokeswoman Farrah Emami said Wednesday. They also face sentencing enhancements for the amount of losses involved.
According to prosecutors, Smith persuaded his friend, a retired school teacher with an inoperable brain tumor, to put up his paid-off Dana Point home in January 2008 as collateral for a $735,000 loan, so Smith and Furst could develop land in Dana Point. Prosecutors said the pair lied and said the loan was safe and would be 100 percent guaranteed.
Smith and Furst, who both live in Laguna Hills, also failed to deliver as promised the $7,200 monthly mortgage payment the victim now must make on his house, prosecutors said. The victim is expected to lose his home.
Smith’s attorney has since responded to the charges, as Smith did himself upon arraignment today in Orange County Superior Court.