(WB) - Charles Banks has agreed to sell his share in the historic Mayacamas Vineyard before entering prison for fraud, according to court records. 

In June, Banks was sentenced in San Antonio, Texas, to four years in federal prison and ordered to pay $7.5 million in restitution for defrauding now-retired NBA Spurs star Tim Duncan. Banks, who was Duncan’s financial advisor, is scheduled to enter prison Tuesday, Sept. 5.

Banks had invested in prestigious wineries over the years. In 2013, Banks purchased Mayacamas with Ohio entrepreneur Jay Schottenstein, chief executive officer at American Eagle Outfitters and Express, and other members of the Schottenstein family.

But as a convicted felon, Banks must divest himself of control of winery properties, his lawyers stated in court filings.

On Aug. 24, U.S. District Judge Samuel Bieri, the San Antonio federal judge who sentenced Banks earlier this summer, approved a confidential agreement reached between Banks and the Schottensteins. Under that agreement, which has been sealed, Banks agrees to transfer his shares in Mayacamas to the partnership, according to court records.

Proceeds from the sale were expected to raise at least $7.5 million in restitution money, according to court records. 

Banks, of Atlanta, Ga, and the Schottensteins, have been in court for months in Napa and Delaware over Mayacamas’ ownership after Banks’ indictment and fraud conviction.