The FBI and federal prosecutors are investigating Jeffrey R. David, 44, the former chief revenue officer for the Sacramento Kings who currently holds the same position with the Miami Heat.

David allegedly diverted $9 million from the Golden 1 Credit Union and another $4.4 million from the Kaiser Permanente Foundation.

David's position with the Kings was eliminated on June 1st and joined the Heat as chief revenue officer in July.

No criminal charges have been filed in the case, which was referred to federal investigators by the Kings a week ago.