Robert Traylor pleads guilty to tax fraud
Categories: Wolverines
Written By: Admin
Former NBA player Robert Traylor pleaded guilty to preparing a false tax return after hiding assets for his cousin, 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, U.S. Attorney Stephen Murphy said Thursday.
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.
