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Is NBA Players’ Union Head Stealing Money?

Sure looks that way, this could get interesting.

National Basketball Players Association president Derek Fisher asked for a review of union finances and was promptly asked to resign. Now, it looks like the government wants to take a look at the union.

Executive director Billy Hunter has been informed that the U.S. Attorney’s Office in Manhattan is conducting an investigation and has subpoenaed documents, Bloomberg reported on Friday.

“The NBPA will cooperate fully with the government’s investigation,” the union said in a statement.

The exact substance of the investigation is not clear.

The union has created a six-member committee of player representatives and executives to conduct an internal review and financial audit, Bloomberg reported.

The committee has retained the law firm of Paul, Weiss, Rifkind, Wharton & Garrison to conduct the inquiry.

The news comes days after Bloomberg reported that public records show Hunter’s family members and their businesses have been paid almost $4.8 million by the union since 2001.

Hunter’s daughter and daughter-in-law work for the union, another daughter is special counsel at a law firm used by the association and his son is a principal at a financial planning and investment firm that was paid more than $45,000 per month the last fiscal year to run the union’s financial awareness program and advise on investments, the report states, citing U.S. Labor Department filings.

Hunter, 69, discussed his family’s role in the union during the executive committee conference call last week, said a member of the committee, the Wizards’ Maurice Evans, according to Bloomberg.

According to a 2011 Labor Department filing cited by Bloomberg, Hunter made $2.39 million in salary that year.

Haven’t seen this much nepotism in an organization since Gwen Moore’s last campaign finance report.

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