Gilbert Arenas under investigation for credit card fraud

Former NBA point guard Gilbert Arenas bragged on Instagram earlier this week about bilking strip clubs and credit card companies out of thousands of dollars, and now it may be his time to pay the piper. According to Hip Hollywood, American Express has launched an investigation into Arenas’ alleged fraudulent activity.

HipHollywood has learned exclusively that disgraced NBA star Gilbert Arenas is now under investigation by a fraud department after bragging online about operating a credit card scam. A spokesmen for American Express tells us that they’re aware of Agent Zero’s incriminating Instagram post are looking into it.

In a post to his Instagram, which has since been deleted, Arenas posted the following:

You kick me out your strip club, you getting robbed…..I know what yall thinking(soft ass aint robbing no body) I would like too inform all the big ballers out there,im the reason BIG strip clubs #fingerprint now hahaha..I’ll order $80,000 worth of ones,throw about $40,000 of it too the strippers,sneak the rest out the club…have one of my #teammates sign that bill….wake up the next day,call #americanexpress(my card was stolen at the strip club last night,and these charges aint mines) with a (no questions asked policy)once they see its not ur signture,they refund you ALL your money back lmaoooo soooo I got the $80,000 I spent back..PLUS the $40,000 I took out the club… #aintnotrickingbihh strippers gave me that vagina on the house,it cost me nothing hahahaha #howyoudoing #ranoffontheclubTWICE #smartniggashit #greatinvestment #KOD’S #MAGICCITY just call it a club appearance fee lmaooo

This is why some people shouldn’t be allowed on social media. For Arenas to put something like that on Instagram, a PUBLIC FORUM, and not expect any repercussions is just plum stupid. Given how he hasn’t played for a team since the Shanghai Sharks in 2013, here’s hoping that he has a good lawyer and has invested his money wisely because the way things are going, he could be kissing much of it goodbye: some to the taxman, some to the lawyers’ fees.

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*Featured Photo (above) credit to USA TODAY Sports