Former NBA player Grant Gondrezick guilty of Mortgage Fraud

Posted on 15 August 2009

In a mortgage fraud case that involved the sale of 24 homes in Houston suburbs, Former NBA player Grant Gondrezick has been pleaded guilty.


The plea by the 45-year-old Gondrezick has been announced by U.S. Attorney Tim Johnson announced on Friday. The former Houston resident has to spent now up to five years in prison, he has to pay a fine of up to US$250,000, and more $1 million in restitution for conspiring to commit wire fraud.

It has been said by the prosecutors that the former Phoenix Suns and Los Angeles Clippers player has submitted invoices for fraudulent home loans to pay for renovations and upgrades never performed.

The court gas also charged former Houston Rockets player Dirk Minniefield in the case as a participating real estate agent. Two other defendants and the 48-year-old Minniefield have pleaded not guilty to charges in the case.

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