Former U of M Star Sentenced For Fraud
Former University of Michigan basketball star Rumeal Robinson has been sentenced to six and a-half years in jail for financial fraud.
A federal jury in Iowa found Robinson guilty in September of 11 charges, including bank bribery and wire fraud.
WWJ Newsradio 950’s Paul Snider has found prosecutors in the case say Robinson schemed to borrow more than $700,000 from a bank in Iowa, with the help of a loan officer. They say he claimed the money was for a business but that he actually bought a condominium, cars, furniture and invested in an energy company.
In addition to the prison sentence, Robinson must pay nearly 1.2 million dollars in restitution. Robinson was a member of Michigan’s last national championship team, in 1989. He then played six seasons in the NBA.