At this rate, Ron Holmes probably won’t be in New York for next month’s NBA draft.
According to the Las Vegas Review-Journal, Holmes — the father of former UCLA star Shabazz Muhammad — was indicted Thursday on federal bank fraud and conspiracy charges.
Holmes, who also attracted controversy for falsifying his son’s age, is accused fraudulently acquiring mortgages to purchase — and later sell — Las Vegas properties between 2006 and 2009. The U.S. attorney’s office wants $2.5 million from Holmes.
He has pleaded not guilty, is detained as he awaits a detention hearing Friday afternoon.
Holmes isn’t new to this type of crime. The L.A. Times previously revealed that, in 1999, Holmes had pleaded guilty to using false bank statements and tax returns to acquire mortgages. He agreed to use only his birth name as part of his probation release conditions, and was sentenced to six months’ house arrest.
The best move may be for Holmes to cut a deal and pay up, especially with Muhammad on the cusp of an NBA career. The Pac-12 Co-Freshman of the Year, whose age Holmes also falsified, will make at least $1.5 million his first season should he become a lottery pick.