Father of Shabazz Muhammad pleads guilty in mortgage fraud case
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LAS VEGAS - The father of NBA player Shabazz Muhammad has pleaded guilty in federal court and agreed to repay almost $1.7 million in restitution in a mortgage fraud case.
Records show Ronald Holmes pleaded guilty Thursday in U.S. District Court in Las Vegas to one felony count of conspiracy to commit mail, wire and bank fraud.
Prosecutors agreed to drop two bank fraud counts and seek leniency for Holmes at sentencing March 13.
Holmes could face up to 30 years in prison.
The Las Vegas Review-Journal reports that Holmes acknowledged providing false information to lending institutions and agreed to cooperate in an ongoing investigation.
Holmes declined comment.
Defense lawyer Michael Lipman said Holmes wants to move on with his life.
Holmes' 20-year-old son played for UCLA before joining the Minnesota Timberwolves.© The Associated Press