NBA player’s dad pleads guilty to mortgage fraud

by Ryan Smith16 Dec 2013
The father of an NBA player has pleaded guilty and agreed to pay restitution in a mortgage fraud case.

Ronald Holmes, father of Minnesota Timberwolves player Shabazz Muhammed, pleaded guilty in federal court to conspiracy to commit mail, wire and bank fraud, according to an ESPN report.

According to ESPN, Holmes admitted to providing false information to lenders. He has agreed to pay almost $1.7 million in restitution.

Prosecutors agreed to drop two counts of bank fraud and ask for sentencing leniency for Holmes, who has agreed to cooperate in an ongoing investigation – although he could face up to 30 years in prison, according to ESPN.

Muhammed, a rookie with the Timberwolves, played at UCLA before joining the NBA.


  • by Grant | 12/16/2013 8:29:18 AM

    It is interesting that to see a layperson looking at 30 years when these banks that defraud the public and the government for billions and just pay a joke of a fine, and nobody is brought up on any charges. But if for some fluke a fall guy is identified he see just a few years. HMMM seems like the elite win again.

  • by Don | 12/16/2013 8:39:16 AM

    I can't agree with Grant more The system is so screwed up we may never see the light at the en of the tunnel although it could be a train (Government) Train

  • by mike | 12/16/2013 2:39:59 PM

    So Don and Grant, are you saying that because the banks have paid fines to the government it is OK for this gentleman to commit fraud?


Should CFPB have more supervision over credit agencies?