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Report: Two Former NBA players–Dirk Minnifield and Grant Gondrezick–Accused of Mortgage Fraud
Image via WikipediaAccording to CBS television affiliate KHOU in Houston, Texas, two former National Basketball Association (NBA) players have been arrested and taken into custody by the FBI for charges related to mortgage fraud. If the charges stick, Dirk Minnifield and Grant Gondrezick’s arrest would mark the third time this year that a current or former NBA player was accused of being involved in a wide-ranging real estate fraud scheme.
From KHOU:
Two former NBA players allegedly involved in mortgage fraud scheme
05:23 PM CST on Tuesday, December 9, 2008Two former NBA players are in federal custody on Tuesday.
The FBI arrested them for reportedly being involved in a mortgage fraud scheme in Harris and Montgomery Counties.
Dirk Minnifield and Grant Gondrezick are among four people indicted in the case. Federal investigators said the group would recruit buyers in name only for properties.
One of the suspects, who owned a home improvement business, is accused of falsely showing he had done custom renovations.
Others are accused of preparing false loan documents.
All four could face up to five years in prison.
Dirk Minnifield and Grant Gondrezick are no strangers when it comes to run-ins with the law. According to their Wikipedia entries, Minnifield spent a year in jail after writing bad checks and violating probation on those charges (but later went on to serve as a drug counselor with the NBA), while Gondrezick was among three former NBA players once indicted on drug-related charges.
Earlier, as first reported by Flipping Frenzy in August of this year, current Chicago Bulls player Lindsay Hunter was accused of mortgage fraud in Michigan. According to reports, Hunter’s case is now being investigated by the Wayne County (MI) Register of Deeds’ mortgage-fraud task force and the FBI.
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