Former Laker Sam Jacobson, wife plead guilty in home sale fraud

 
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PostPosted: Tue Nov 14, 2017 4:47 pm    Post subject: Former Laker Sam Jacobson, wife plead guilty in home sale fraud

http://nba.nbcsports.com/2017/11/14/former-nba-player-sam-jacobson-wife-plead-guilty-in-home-sale-fraud/

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Former NBA player Sam Jacobson, wife plead guilty in home sale fraud



HASTINGS, Minn. (AP) — Former NBA player Sam Jacobson has pleaded guilty to a fraud charge stemming from the sale of a Minnesota home.

Jacobson pleaded guilty Monday to residential mortgage fraud. His wife, Traci Jacobson, pleaded guilty to aiding and abetting. They’ll be sentenced Jan. 29.

The charges stem from the 2011 short sale of Sam Jacobson’s Apple Valley home to Traci Jacobson, who was his girlfriend at the time.

The sale barred Sam Jacobson from remaining in the home. But investigators say he and his three children didn’t move out. Traci Jacobson then sold the home, netting a profit of $176,000, and bought a new home where the couple still lives.

Defense attorneys say the couple has reached a restitution agreement with the mortgage lender.

Sam Jacobson, a star University of Minnesota player, was drafted by the Los Angeles Lakers in 1998. He played in 68 games across three seasons for the Lakers, Golden State Warriors and the Minnesota Timberwolves.
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PayasoLoco
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PostPosted: Tue Nov 14, 2017 4:50 pm    Post subject:

what an amazing thread topic
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unleasHell
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PostPosted: Tue Nov 14, 2017 6:03 pm    Post subject:

Loos like they will be moving into a Florida trailer park next...
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Vencal
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PostPosted: Tue Nov 14, 2017 6:11 pm    Post subject:

PayasoLoco wrote:
what an amazing thread topic



1. Thank you Basketball Fan for even thinking of posting this.

2. Thank you PayasoLoco for a spot-on and hilarious short take.

3. I have watched almost every Laker game since the 80's, and I swear I do not remember Sam Jacobson. I had to check and was shocked to see he was the Laker's 1998 1st Round draft pick.

4. Sam Jacobson had to be a top of the line idiot to get caught short selling his house to his wife during the mortgage meltdown years.

5. Go Lakers!
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PostPosted: Tue Nov 14, 2017 6:59 pm    Post subject:

I think 1998 was the Del Harris years?
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Baron Von Humongous
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PostPosted: Tue Nov 14, 2017 7:25 pm    Post subject:

Dude could dunk. I remember him from Minnesota's Final Four squad led by Bobby Jackson.
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ducasse2
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PostPosted: Tue Nov 14, 2017 7:56 pm    Post subject:

How can anyone think they can get away with a scheme like this? Not too smart. Maybe if he had moved out he would have had a better chance.
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unleasHell
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PostPosted: Tue Nov 14, 2017 10:39 pm    Post subject:

It says when he did the short sale to her, she was his girlfriend, meaning she had a different last name for all the legal paperwork.

Then after they got married and she tried to change her legal name on the loan, it tipped the bank off and upon further investigation, it was not to hard to see that he was still living there..

dumb...dumb...
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22
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PostPosted: Tue Nov 14, 2017 10:44 pm    Post subject:

I remember playing as him on NBA Courtside! N64 rulez!!
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Runway8
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PostPosted: Tue Nov 14, 2017 11:10 pm    Post subject:

Vencal wrote:
PayasoLoco wrote:
what an amazing thread topic



1. Thank you Basketball Fan for even thinking of posting this.

2. Thank you PayasoLoco for a spot-on and hilarious short take.

3. I have watched almost every Laker game since the 80's, and I swear I do not remember Sam Jacobson. I had to check and was shocked to see he was the Laker's 1998 1st Round draft pick.

4. Sam Jacobson had to be a top of the line idiot to get caught short selling his house to his wife during the mortgage meltdown years.

5. Go Lakers!


I do remember him. He was dubbed the Jewish Jordan in college. He's one of my examples when I argue that Jerry West wasn't perfect.
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Lucky_Shot
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PostPosted: Wed Nov 15, 2017 8:54 am    Post subject:

I didnt read the article but how does anyone go to jail for housing fruad after the banks committed the biggest scam on this country, subprime bastards. I think we are still going after the wrong people.
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VicXLakers
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PostPosted: Wed Nov 15, 2017 8:57 am    Post subject:

who???
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AFireInside619
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PostPosted: Wed Nov 15, 2017 9:07 am    Post subject:

Runway8 wrote:
Vencal wrote:
PayasoLoco wrote:
what an amazing thread topic



1. Thank you Basketball Fan for even thinking of posting this.

2. Thank you PayasoLoco for a spot-on and hilarious short take.

3. I have watched almost every Laker game since the 80's, and I swear I do not remember Sam Jacobson. I had to check and was shocked to see he was the Laker's 1998 1st Round draft pick.

4. Sam Jacobson had to be a top of the line idiot to get caught short selling his house to his wife during the mortgage meltdown years.

5. Go Lakers!


I do remember him. He was dubbed the Jewish Jordan in college. He's one of my examples when I argue that Jerry West wasn't perfect.


I missed the 80's & 90's for our less PC society, especially in movies & entertainment. You can give people nicknames like White Chocolate or the Jewish Jordan (as ridiculous as they may be). You can have movies like White Men Can't Jump, Gung Ho, and characters like Long Duck Dong. There were plenty of things that were outright offensive though so I guess you can't pick or choose what you change, you just have to change society as a whole.
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Lucky_Shot
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PostPosted: Wed Nov 15, 2017 9:15 am    Post subject:

VicXLakers wrote:
who???


Its Sam "mother (bleep)" Jacobson

He's the guy who ruined the housing market. I mean he has to be because it cant ever be the banks fault? and he's the only guy I've seen get sentenced so he must be the reason our economy lost 5 trillion dollars
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