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NorCal CPA Who Handled Investments For NBA Players Jailed For Tax Fraud

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Larry Harmon

Larry Harmon

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SACRAMENTO (CBS/AP) — A Sacramento-area accountant who managed investments for several NBA players is getting 16 months in jail for seeking millions of dollars in fraudulent state tax refunds.

Prosecutors said 48-year-old Larry Harmon of Granite Bay created false bank documents for sales tax refunds on defaulted car loans.

The attorney general’s office said Harmon submitted $4.5 million in fake claims and was preparing another $10 million in claims.

He pleaded guilty to one count of forgery and was sentenced Tuesday in Sacramento County Superior Court. His certified public accountant license was suspended in April.

Harmon formerly worked for Carmelo Anthony of the New York Knicks and Ben Gordon of the Charlotte Bobcats.

His attorney, Don Heller, said Harmon is “very sorry for what occurred and he will move forward in his life.”

(Copyright 2013 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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