Todd Leary, a former Indiana Basketball player and current broadcaster, is arrested in connection with a multi-million dollar real-estate fraud.Â Â The 39-year old Leary was booked into jail on Thursday night in Monroe County jail in Bloomington, IN. Â However, the warrant for his arrest was served by Allen County.
Leary faces 17 class-B felony charges against him including conspiracy to misappropriate title insurance escrow funds by improperly transferring $1.3 million to a bank account he controlled. Leary’s mate Brian Evans cooperated with the police to unfold the fraudulent scheme. Court also documented that Leary once worked for JosephÂ Garretson, a title insurance broker, who pleaded guilty in a $2.3 million scheme.
So far it has not yet been determined if Leary is being represented by an attorney.
Leary was a star at Lawrence North and played for the Hoosiers in 1989-1994, including their 1992 NCAA Final Four team. His career statistics achieved 77 three point field goals that are at 11th place in the history of Hoosiers. Â He presently serves as a color analyst for Indiana University’s radio broadcasts (but I guess not anymore!)
The news of Todd Leary has definitely shocked the basketball fans.