Jay Vincent Pleads Guilty In Internet Scam
Former Michigan State basketball star Jay Vincent has pleaded guilty to two crimes linked to a $2 million Internet scam. Vincent pleaded guilty Tuesday to a fraud charge and a tax charge in federal court in Grand Rapids.
Prosecutors say the 51-year-old Vincent and an associate defrauded 20,000 people by charging them to become certified home inspectors through a business called Foreclosure Bank Inspection Co.
The government says no inspectors were hired and the business had no contracts with banks.
Vincent and Magic Johnson played on the 1979 Michigan State national championship team. Vincent spent the 1980s in the NBA with Dallas, Washington, Denver, San Antonio, Philadelphia and the Los Angeles Lakers. He averaged 15 points a game.
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