According to Keely Diven of Comcast SportsNet Mid-Atlantic, a federal jury found John A. White guilty on 11 counts of wire fraud:
On Wednesday a federal jury convicted John A. White, personal assistant to Gilbert Arenas from 2006-12, of stealing more than $2.1 million from the former Wizards star.
According to prosecutors, White stole money during a period from 2008 to 2011, making unauthorized bank transfers from Arenas' accounts into three accounts of his own.
In addition to those charges, White was convicted of four counts of filing a false tax document because he did not report the stolen money in his returns.
Diven's report notes that financial records indicate White used the stolen money to "purchase a Ferrari and a Range Rover in addition to making mortgage payments on his house in Windermere, Florida."
Arenas played 11 seasons in the NBA from 2001-12, spending eight years with the Washington Wizards from 2003-10. He signed a six-year, $111 million contract with the Wizards in July 2008, though he was subsequently traded to the Orlando Magic in December 2010.
All of the counts that White was found to be guilty of add up to a potential maximum sentence of 232 years in prison.