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.