What is it with ex-athletes and mortgage fraud?

Zac Bissonnette
Updated

The collapse of the real estate market has brought to light a lot of nefarious activity that might have gone unchecked had home prices continued to rise.

And for whatever reason, more than a few retired professional athletes are getting caught up in it. Take a look:

  • Earlier this month, former Phoenix Sun Grant Gondrezick pleaded guilty to mortgage fraud charges related to transactions involving 24 homes in the suburbs of Houston. He faces up to five years in prison, a fine of up to $250,000, and more than $1 million in restitution. Gondrezick's NBA career was cut short by drug problems.

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