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Ex-Cambridge star Robinson gets 6 1/2 years for bank fraud

By Travis Andersen
Globe Staff / January 8, 2011

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Rumeal Robinson, the former Cambridge Rindge and Latin School star who clinched the NCAA men’s basketball championship for Michigan in 1989 with two free throws and later played in the NBA, has been sentenced to 6 1/2 years in federal prison for bank fraud, according to court documents filed yesterday.

In September, Robinson was convicted in federal court in Iowa on 11 counts, including wire fraud and conspiracy to commit bank fraud.

Prosecutors said that among his schemes, Robinson received a $377,000 loan from the Community State Bank in Ankeny, Iowa, in October 2004 and wired $100,000 to the personal account of Brian Williams, a loan officer at the bank. Williams pleaded guilty to conspiracy to commit bank fraud shortly before Robinson’s trial.

Robinson said in loan documents that the money would be “short-term working capital’’ for his business, Megaladon Development Inc. in Miami, for a development project in Jamaica, prosecutors said. Authorities said that Robinson’s girlfriend, Stephenie Hodge, was listed as the Megaladon marketing director, though she actually worked in an exotic dance club.

Prosecutors said Robinson and Hodge spent the money on a condominium with plasma televisions and high-end furniture. Robinson also arranged for the sale of his mother’s Cambridge home in January 2006 for $1 million without her knowledge, according to authorities, and invested most of the money in an energy company in which he and Williams were involved.

Hodge, Williams, and Robinson have been ordered to pay restitution of $642,929.02 to the Community State Bank and $541,686.98 to St. Paul Mercury Insurance Co., based in Minnesota, records show. Robinson was also sentenced to five years of supervised release when his prison term ends, according to court documents.

Robinson’s attorney, J. Keith Rigg of Des Moines, did not immediately return messages seeking comment late last night.

After his college heroics, Robinson signed a four-year, $4.29 million contract with the Atlanta Hawks in 1990. A parade was held in his honor in Cambridge, and the street that he lived on was renamed Rumeal Robinson Place.

Travis Andersen can be reached at tandersen@globe.com.