HoopsHype Nathan Peake rumors

October 7, 2011 Updates

A well-known Washington-area sports manager has sentenced to three years in prison for hiding income to avoid paying more than $1 million in taxes. Nathan A. Peake, 41, of Silver Spring, admitted in federal court in the District that he didn't file tax returns from 2000 through 2007 and diverted about $5.8 million in management and agent fees from his business to personal accounts. Washington Examiner

Peake was the manager and business partner of Steve Francis, a former University of Maryland basketball star who later played for the Houston Rockets, Orlando Magic and New York Knicks. Washington Examiner

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