ABC Money
Home

Former NBAer gets probation in tax case


Published :
Fri, 28 Sep 2007 20:21
By : Agencies
Print this Story


AddThis Social Bookmark Button

DETROIT (AP) - A federal judge sentenced Robert 'Tractor' Traylor to three years of probation Friday after the former NBA player admitted to preparing a false tax return that hid assets of a convicted drug dealer.

Traylor, 30, pleaded guilty in January to a charge of aiding and assisting in the preparation of a false tax return. He could have been sentenced to up to 14 months in federal prison.

Traylor, who now plays professionally in Puerto Rico, will serve the first three months of his probation in a halfway house. He will be electronically monitored during the remaining 33 months. His sentence will be served in the offseason, the court said.

At Traylor's sentencing hearing, U.S. District Judge Avern Cohn also ordered him to submit within 90 days to the Internal Revenue Service any previously unfiled federal income tax returns. Cohn also ordered Traylor to make himself and any corroborating tax information regarding the 2004 tax year available to the IRS.

Traylor's name was used to make it appear that he purchased two Detroit rental properties. The properties actually were owned by Quasand Lewis, a convicted drug trafficker and money launderer who is Traylor's cousin, according to federal prosecutors.

In 1998, Traylor was drafted in the first round, sixth overall, by the Dallas Mavericks. He played for Milwaukee, Charlotte, New Orleans and Cleveland from 1998-2005. Traylor signed with New Jersey as a free agent before the 2005-06 season but failed a physical and never played for the Nets.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.




Share on


 You Might Like
Former Ney aide gets no prison time
Former Wal-Mart exec faces resentencing
+
Former Hill staffer draws probation

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
8149.09
-679.95 ( -7.70 %)
NASDAQ
1398.07
-137.50 ( -8.95 %)
FTSE 100
4091.71
+26.22 ( 0.64 %)

SYMBOL ( 2008-12-02 )
LAST
CHANGE
VEDANTA RESOURCES ( 8:02am )
565.00
+49.00 ( 9.57 %)
CARNIVAL ( 8:02am )
1334.00
+38.00 ( 2.99 %)
ROYAL DUTCH SHELL-B ( 8:02am )
1644.00
+38.00 ( 2.41 %)
JOHNSON MATTHEY PLC ( 8:02am )
843.00
+36.50 ( 4.63 %)
RECKITT BENCKISER ( 8:02am )
2650.00
+36.00 ( 1.38 %)

SYMBOL ( 2008-12-01 )
LAST
CHANGE
AMERICAN INTERNATIONAL GROUP INC ( 4:01pm )
1.65
-0.36 ( -18.37 %)
GENERAL MOTORS ( 4:00pm )
4.59
-0.65 ( -11.97 %)
ALTRIA GROUP INC ( 4:04pm )
15.26
-0.82 ( -5.13 %)
PFIZER INC ( 4:01pm )
15.28
-1.15 ( -7.11 %)
INTEL CP ( 4:00pm )
12.56
-1.24 ( -9.16 %)

SYMBOL ( 2007-09-04 )
LAST
CHANGE
NOVATEL INC ( 3:26pm )
38.80
+2.76 ( 7.65 %)
ISRAMCO INC ( 9:30am )
32.98
+2.37 ( 7.19 %)
SUREWEST COMMS ( 4:00pm )
14.37
+2.17 ( 18.08 %)
VERTICALNET INC ( 1:22pm )
7.10
+2.14 ( 40.76 %)
PORTER BANCORP INC ( 9:30am )
18.30
+1.80 ( 9.84 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.