"She filed lawsuit to get ring back" - Gilbert Arenas shares pocketing $400,000 by gifting 'fake ring' to his baby mama

Former NBA star Gilbert Arenas has some incredible stories about his playing days in the league. But what's even more interesting is his stories off the court. Recently, he revealed how he gave his ex-girlfriend, Laura Govan, a fake diamond ring.

"So I paid, I think $395k or $495k for the real one," Arenas said about the 15-karat diamond ring he bought. "It had big stones... it was a big stone in the middle then it had three stones on the side."

The former Washington Wizards star shared that he proposed with the real $400k diamond ring. However, they got into a big fight, which according to Arenas, led to their temporary break-up.

"When we broke up, I'm like, 'That was a f***ing waste of money. I want my ring back.' So I was like, 'How do I get my ring back?' I just got to get her back but when she comes back, I'mma have a fake one."

Arenas shared that he got back with Govan and that it took him years to switch out the fake ring. He said he always had the option to switch it, but waited for the right opportunity. They ended their relationship in 2014 and the couple battled for the custody of their four children.

Arenas shared that he was then hit with a lawsuit concerning the real diamond ring. He then said he was unconcerned about the legal fees as he could have used the money from selling the ring to pay his lawyers.

"From there, a filing came in that I robbed her. Then she filed a lawsuit to get the ring back.

"I used the ring money to pay for all the lawyer fees. I was like you can keep taking me to court I got about three more cases until I tap into my own money."

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Gilbert Arenas's $44k child support lowered to $7k

Gilbert Arenas and Govan share four kids. After their separation in 2014, the court ordered the former NBA star to give $20k a month in child support. However, Arenas increased the amount to $35k and it eventually went up to $44k as he was paying for their school as well.

According to Arenas, Govan wanted to take advantage of the fact that he was able to give more. However, the judge who handled their case had other plans.

Eventually, the judge had it lowered to $7k a month.