Friday, March 16, 2012

Rumeal Robinson losing part of his NBA pension

After being convicted in 2010 for wire fraud among other crimes, former NBA player and Michigan Wolverine star, Rumeal Robinson, stands to lose nearly $369,000 from his NBA pension fund to cover restitution for some shady business dealings.

The Des Moines Register reports federal prosecutors had filed papers to tap Robinson's NBA pension account and were granted permission this week.

The former University of Michigan player was convicted in September 2010 of participating in a scheme along with a bank officer to defraud the Community State Bank in Ankeny of more than $1.1 million.

Robinson's serving a 78-month sentence for wire fraud and other crimes.

Court documents say Robinson will have enough left in his pension account to fund a monthly annuity estimated amount at $140.

I can't say I feel sorry for the guy since he had an opportunity to do something that most of us never will do and that's get paid a handsome amount of money to play NBA basketball. Even if it didn't work out too well for him he still had a Michigan education to fall back on. To use that knowledge for criminal activities is unspeakable. I really have no words for it. I really hope he doesn't go broke, but you can't say it wasn't well deserved.  

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