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Thursday, January 7th, 2010 at 9:30 am  |  8 responses

More Trouble for Clips Broadcaster Michael Smith

This guy has made the news more than the team he works for this year. Which is probably not a good thing for his career: “Clippers announcer Michael Smith is scheduled to be arraigned today on charges stemming from the alleged theft of $735,000 from a golfing buddy in a development deal gone bad, prosecutors said. 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.”

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  • http://www.boogiewillaims.com Boing Dynasty

    Foul.

  • http://slamonline.com Allenp

    Damn, you cheating a dying dude?
    That’s shifty for real. You’re just evil.

  • http://www.michaelcho.com M Cho

    Who the hell asks a friend to put up his home as collateral for a real estate deal? And what friend doesn’t say GTFO to that idea? Bail, maybe, but for a development deal? I say both sides were greedy and looking for a quick cash-in when the market tanked and now they’re pointing fingers at each other.

  • Sporting-Lisbon-Blazers

    thats proly the most weak and coward thing Ive heard

  • http://slamonline.com/ Ryne Nelson

    Smith and Ralph Lawler had a great on-air chemistry going. It’s too bad…

  • Clipse

    Ive had to work with him for a few months, he’s an absolute prick, I wouldn’t be surprised if the allegations were true.

  • nastierthanu

    Grimy. Love to see media types getting slammed by their own.

  • Yellow

    His friend that he went into business with is not dying….its a functional brain Tumor. And there is no way to “guarantee” that a loan will be compeltely safe. Many people use thier home as collaterol. Mikes 65 year old “friend” should have known business by now…the man is old!Mike is not guilty…nor is his friend Bruce.

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