Tim Duncan's former adviser indicted on fraud charges

The financial adviser who Tim Duncan accused of mishandling more than $20 million of his money was indicted Friday on two counts of criminal wire fraud.

Charles Banks surrendered to U.S. Marshals in San Antonio.

Duncan sued Banks in civil court last year after the adviser allegedly steered the now-retired Spurs superstar toward investments that were in direct conflict of interest with Banks' holdings.

"I trusted someone to do a job that I hired them to do and they misused my trust and went astray and started using my money," Duncan said of Banks in 2015.

On Friday, Duncan had equally strong language.

"I originally filed my lawsuits against Charles Banks to stop him from doing to others what he had done to me and my family," Duncan said in a statement tweeted by The Vertical's Adrian Wojnarowski. "The U.S. Department of Justice has just taken a big step in exposing and stopping his illegal activities. I thank the U.S. Attorney's office and FBI for working tirelessly to bring Banks to justice."

Duncan earned more than $240 million in NBA salary alone over the course of his 19-year career with the Spurs, so the losses are far from crippling to the future Hall of Famer. Still, over the last four years of his career, Duncan took less money from the Spurs in the form of "hometown discounts" - leaving up to $45 million on the table.