Smith pleads not guilty to stealing $735K

Updated: January 7, 2010, 2:57 PM ET
Associated Press

SANTA ANA, Calif. -- Los Angeles Clippers announcer Michael Smith has pleaded not guilty to stealing $735,000 from a golfing buddy in a failed development deal.

Orange County district attorney's spokeswoman Farrah Emami says Smith posted $25,000 bond Thursday. A pretrial hearing is scheduled for Feb. 5.

Smith and business partner Bruce Furst are charged with grand theft. They are accused of persuading a friend into using his home for collateral on a $735,000 loan to finance a Dana ...

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