Todd Leary, formerly a basket ball player of Indiana University, is facing imprisonment up to three years for the part he played in a mortgage fraud plan. He appeared in a court in Noblesville recently for allegedly stealing appliances from foreclosure houses.

The thirty nine years old player pleaded not guilty for the burglary charges said the Administrative Chief Deputy Prosecutor Jeff Wehmueller. Leary is a resident of Carmel – an affluent suburb of northern Indianapolis. Leary said he would engage his own lawyer.

After the hearing he continued to be held on a bond of $ 25,000. Leary’s lawyer representing him in the fraud case did not respond to phone calls. Leary was arrested on 1st September after an investigation that had been carried on for five months.

It was stated in the affidavit that Leary financed two separate men to shift refrigerators and different appliances out of some foreclosed units. He then sold them to stores dealing with appliances in Indianapolis. In reply to questions Leary stated that he had been engaged by a firm that purchased, refurbished and resold foreclosed units.

He told the police that he chose houses from the website of the sheriff of Hamilton County. But the department of the sheriff denied participating in any such type of sale either to any firm or to Leary. The houses that were burgled were found to belong to other owners.

Last July the player had pleaded guilty to charges of felony. He misappropriated escrow funds (title insurance) from a firm of Fort Wayne. Leary’s agreement with the prosecutors of Allen County makes him liable to face imprisonment for nearly three years.

If however he pays about $ 294,000 as restitution, that term will be sliced by half prior to his hearing in October. Leary was engaged by a broker dealing with title insurance who had pleaded guilty relating to fraud case involving $ 2.7 million.

From 1989 to 1994 Leary had been a player representing Indiana University. He was included in NCAA Final Four team in 1992. His average was 5.0 points while playing for Bob Knight for four seasons. As a senior his best years were from 1993 to 1994. His average was 8.3 points and he started off 12 games. During the 2001 to 2002 he began broadcasting over the radio.

He had previously been arrested for charges made earlier at the Assembly Hall, Bloomington last February. It happened immediately before he was to work as analyst for basket ball match between Indiana and Purdue.

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