Ron Holmes pleads guilty to conspiracy to commit fraud

Former UCLA star Shabazz Muhammad’s father, Ron Holmes, pleaded guilty today to conspiracy to commit federal fraud.

According the the Las Vegas Review-Journal, Holmes is cooperating in the investigation into his $2.5 million mortgage fraud scheme, one that involved helping straw buyers acquire loans on at least three different Las Vegas properites. Two bank fraud counts are being dismissed.

Holmes agreed to pay $1.7 million in restitution, and will be sentenced on March 13. He could face two to three years in prison, according to the Los Angeles Times.

Muhammad, the 14th overall pick in the last NBA draft, has scored eight points in 33 minutes this season.

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  • john wolcott

    Maybe he should not have left before he was a better developed basketball player. Not to mention showing a little loyalty to his college of choice

    But the times they are a’ changin’, and usually not for the better

    • Hogsman

      Based on Shabazz’s past interviews, it appears to me that he wanted to distance himself from his father’s schemes. In light of his father’s convictions (in more ways than one), who could blame him for wanting to leave ASAP?

    • LTEfan

      Actually, I think Shabazz was smart to leave when he did. His physical limitations in terms of quickness off the dribble, leaping ability and size significantly limit his upside. Hard to see him going higher than 14th in the draft a year or two later.

    • ProbationU

      We are glad to see him gone.