author: Adam Zagoria

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Shabazz Muhammad’s Father Indicted on Federal Bank Fraud & Conspiracy

Ron Holmes, the father of one-and-done UCLA star Shabazz Muhammad, was indicted Thursday on federal bank fraud and conspiracy charges, according to the Las Vegas Review Journal.

The indictment states that Holmes and his partners obtained “mortgage loans by fraudulent means to buy houses,” from 2006 to 2009.
The U.S. attorney’s office is seeking to recover $2.5 million from Holmes. Shabazz, 20, played one year at UCLA before declaring for the NBA draft. UCLA recruited him while he played for Bishop Gorman High School. Rashad [Muhammad], 18, who also played for Bishop Gorman, will attend San Jose State on a basketball scholarship in the fall.
According to the court documents, Holmes is being detained pending a detention hearing.
This is an all too familiar path for Holmes.
In 1999, he pleaded guilty to using fraudulent bank statements in order to obtain mortgages. The plea agreement noted that Holmes paid a restitution fee of approximately $78,000 to banks and credit unions that he committed the crimes against.
In an interview with the Los Angeles Times, Holmes admitted he lied about Shabazz’s age, claiming he was 19 when he was indeed 20.

The 6-foot-6 Muhammad is projected as the No. 9 pick in the June 27 NBA Draft by DraftExpress.com.

Photo: L.A. Times

Written by Adam Zagoria

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Adam Zagoria is a Basketball Insider who covers basketball at all levels. A contributor to The New York Times and SportsNet New York (SNY), he is also the author of two books and is an award-winning journalist and filmmaker. His articles have appeared in ESPN The Magazine, SLAM, Sheridan Hoops, Basketball Times and in newspapers nationwide. He also won an Emmy award for his work on the SNY mini-documentary on Syracuse guard Tyus Battle. A veteran Ultimate Frisbee player, he has competed in numerous National and World Championships and, perhaps more importantly, his teams won the Westchester Summer League (WSL) championships in 2011 and 2013. He lives in Manhattan with his wife and children.

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