Rumeal Robinson, who led Michigan to the NCAA championship in 1989, has been found guilty on 11 federal financial fraud charges.
A jury returned its verdict against Robinson on Wednesday, finding him guilty of bank bribery, wire fraud, conspiracy to commit bank fraud and making a false statement to a financial institution.
The U.S. attorney's office says Robinson schemed between 2004 and 2005 to borrow more than $700,000 from Community State Bank in Ankeny with the help a loan officer at the bank. Prosecutors say Robinson claimed to borrow the money for a business but actually bought a condominium, cars, furniture and invested in an energy company.
Robinson, who grew up in Cambridge, Mass., faces up to 30 years in prison and a $1 million fine on each count. After playing for Michigan, Robinson spent six seasons in the NBA.
