Top NBA Prospect's Dad Denies $2.5M Mortgage Fraud

Law360, New York (May 31, 2013, 3:29 PM EDT) -- The father of UCLA star and top NBA prospect Shabazz Muhammad pled not guilty Thursday to mortgage fraud charges, one day after Nevada federal prosecutors launched an indictment seeking $2.5 million allegedly bilked from Citibank NA and others.

Ronald Holmes pled not guilty to conspiracy and fraud at his arraignment before U.S. Magistrate Judge George Foley Jr. Prosecutors say he used straw buyers to obtain loans from Citibank, JPMorgan Chase Bank and Centralbanc Mortgage Corp. between 2006 and 2009. Holmes allegedly lived in two of the three...
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