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Pippen to testify at ex-financial adviser's trial

Posted October 08, 2014 1:01 am

Associated Press

Former Chicago Bull Scottie Pippen is expected to take the witness stand at the federal trial of his one-time investment adviser.

Prosecutors in U.S. District Court in Chicago say the six-time NBA champion is expected to testify briefly on Friday at the bank fraud trial of Robert Lunn. Lunn has denied trying to defraud clients and Oak Brook-based Leaders Bank of more than $3.2 million.

The now 49-year-old Pippen successfully sued Lunn after the basketball star lost money in questionable investments, including in an airplane. Pippen won a $12 million judgment against Lunn in 2004.

Each count of bank fraud Lunn faces at his current trial carries a maximum 30-year prison term and $1 million fine. If there's a conviction, restitution will also be mandatory.

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