The guy arrested in the college basketball FBI sting had lost his credentials as an NBA agent, but still acted as Willie Reed's agent.

He told Willie to turn down a 3y15mm contract. No one signed Willie and he ended up taking a 1y min contract at 1.5mm.

http://www.espn.com/nba/story/_/id/20854648/multiple-players-cut-ties-top-nba-agent-wake-ncaa-basketball-bribe-scandal