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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 that lengthy IG rant, Arenas detailed how he uses his AMEX to obtain large amounts of cash at strip clubs by having his “teammates” sign for the money. After cashing out, the stay-at-home social media troll claims he calls his credit card company and informs them that he lost his card, ensuring that all the deducted funds are returned.

He explained all of this, mind you, on his public Instagram account.

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

A photo posted by @gilbertarenasthebadguy on

This shocking revelation comes just days after Arenas was slammed for making fun of women in Flint, Michigan over their contaminated water supply. The former Washington Wizard all-star is known for being a clown, but this level of tomfoolery is baffling even for him.

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