((HT: Arizona Republic))Former NBA player Grant Gondrezick ((pictured, thanks Arizona Republic file)) has pleaded guilty in a mortgage fraud case that involved the sale of 24 homes in Houston suburbs.
U.S. Attorney Tim Johnson announced the plea by the 45-year-old Gondrezick on Friday. The former Houston resident faces up to five years in prison, a fine of up to $250,000, and more $1 million in restitution for conspiring to commit wire fraud.
Prosecutors say the former Phoenix Suns and Los Angeles Clippers player submitted invoices for fraudulent home loans to pay for renovations and upgrades never performed.
Former Houston Rockets player Dirk Minniefield also was charged in the case as a participating real estate agent. The 48-year-old Minniefield and two other defendants have pleaded not guilty to charges in the case.
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