Charles Banks Expected To Plead Guilty to Wire Fraud

A San Antonio publication is reporting Charles Banks, former owner of Screaming Eagle and founder of Terroir Capital, is set to plead guilty to wire fraud on Monday [see WSD 09-11-2016]."Banks... is expected to admit that he induced Duncan to sign off on a $10 million loan-investment deal, and subsequent modification," per report.Recall, NBA star Tim Duncan filed suit against Charles in January 2015 alleging a breach of fiduciary duty. The two met in 1997 when Charles was president of