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Traylor Pleads Guilty To Tax Fraud
Bad news for former NBA player Robert "Tractor" Traylor, who plead guilty to tax fraud. He ended up pleading guilty to preparing a false tax return after hiding assets for a convicted drug dealer.
Traylor's name was used to make it appear that he purchased two Detroit rental properties, but the properties were actually bought and owned by Quasand Lewis, a convicted drug trafficker and money launderer.
The 29-year-old Traylor admitted in his plea that the properties were listed in his name to conceal Lewis' ownership from police. Traylor also admitted claiming a false loss of more than $205,000 from the properties on his 2004 federal income tax return.
Traylor faces up to 14 months in prison. A sentencing hearing was not immediately scheduled.
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