Rumeal Robinson, who converted two free throws to seal Michigan’s 1989 NCAA title and played six years in the NBA, was accused of conspiring with a bank officer to take out more than $1 million in loans. From the AP: “Former Michigan basketball star Rumeal Robinson has been sentenced to 61/2 years in jail for financial fraud. A jury found Robinson guilty in September of 11 charges, including bank bribery, wire fraud, conspiracy to commit bank fraud and making a false statement to a financial institution. Prosecutors say Robinson schemed between 2004-05 to borrow more than $700,000 from a bank in Ankeny, Iowa, with the help of a loan officer. They say he claimed the money was for a business but that he actually bought a condominium, cars, furniture and invested in an energy company. Robinson was also ordered to pay nearly $1.2 million in restitution.”
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