DES MOINES, Iowa (AP) — A federal judge in Iowa says nearly $369,000 may be seized from the pension fund of former professional basketball player Rumeal Robinson to help cover restitution he owes for a sham business deal.
The Des Moines Register reports (http://dmreg.co/wLHanc ) 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 at $140.
