HOUSTON (AP) -Former Kentucky basketball player Dirk Minniefield has been charged in an alleged $10 million mortgage scheme in the Houston area.
The 47-year-old former NBA player was arrested Tuesday at his home by FBI agents after a federal indictment was unsealed. He and three others each face one count of conspiracy to commit wire fraud and eight counts of wire fraud.
The indictment alleges Minniefield was a real estate agent in fraudulent home loans designed to secure payments for expensive upgrades that were never performed. The indictment says he represented buyers even though he never met them and they never visited the properties they were supposedly buying.
Minniefield also is accused of contacting the sellers' agents to propose language that would increase the sales prices of homes by including a substantial payment for the renovations.
He was released on $100,000 bond and scheduled for arraignment Friday. His attorney didn't return a phone call seeking comment.
he school's career assists leader with 646. He spent three seasons in the NBA, playing for Cleveland, Houston, Golden State and Boston.
The conspiracy count carries a punishment of up to five years in prison, and each wire fraud count has a maximum 20-year term. All the counts could result in fines totaling $250,000, and the indictment is seeking a forfeiture of $10 million.

NCAAB Top Stories

Thumbnail Pittsburgh vs. Syracuse Prediction Will Tuesday night's game between Pittsburgh and Syracuse turn into a defensive battle? Tip-off between these ACC rivals is set for 9:00...
Thumbnail Ole Miss vs. Texas A&M Prediction Will the under cash for bettors tonight when Ole Miss clashes with its SEC rivals Texas A&M at 9:00 p.m. ET in College Station?
Thumbnail UConn vs. Memphis Prediction Will the Memphis Tigers handle business at home Wednesday night when they host the UConn Huskies at 9:00 p.m. ET?
Thumbnail Kentucky vs. South Carolina Pick Can No. 18 Kentucky avoid a letdown performance when it goes on the road to face South Carolina tonight at 9PM ET?
Thumbnail Oklahoma vs. Kansas State Pick Will No. 4 Oklahoma go on the road and pick up a win over Kansas State when the two meet up tonight at 9PM ET?

NCAAB Headlines

NCAAB Team Pages