Former NBA player Rumeal Robinson guilty of fraudPosted by Inside Hoops
The AP reports:
Rumeal Robinson, who led Michigan to the NCAA men’s basketball championship in 1989 and later played in the NBA, was convicted in federal court Wednesday of borrowing more than $700,000 for a sham business deal and then spending the money on a condominium, expensive furniture and cars.
A jury found Robinson guilty of 11 counts, including bank bribery, wire fraud, conspiracy to commit bank fraud and making a false statement to a financial institution. He faces up to 30 years in prison and a $1 million fine on each count. A date for sentencing hasn’t been set.
Among a lengthy list of accusations by prosecutors was one accusing Robinson of scheming to sell his mother’s home in Cambridge, Mass., without her knowledge.