NBA Prospect Shabazz Muhammad’s Father Arrested for Bank Fraud & Conspiracy
This are some pretty serious charges against Muhammad’s dad.
He is currently being held in a federal prison.
Ronald Holmes, father of former UCLA basketball star Shabazz Muhammad, was indicted Thursday on federal bank fraud and conspiracy charges.
The indictment states that Holmes and his partners obtained “mortgage loans by fraudulent means to buy houses,” from 2006 to 2009.
The U.S. attorney’s office is seeking to recover $2.5 million from Holmes.
This isn’t the first time Holmes has been under a cloud of controversy. The Los Angeles Timesreported in March that Holmes had lied about his son’s age. And, most notably, Muhammad’s family was investigated by the NCAA before his career at UCLA began for questionable financial dealings.
Holmes does have a criminal past, in 1999 he pleaded to guilty to fraudulent bank statements to obtain mortgages.