Jay Vincent peads guilty to a $2M Internet Scam

by admin on September 28, 2010

The Michigan State and NBA basketball star Jav Vincent has plead guilty today to fraud and tax related charges due to a $2 million dollar Internet scam. Supposedly the 51 year old Vincent and an associate defrauded 20,000 people by charging them to become certified home inspectors through a business called Foreclosure Bank Inspection Co.

Sadly, no inspectors ever got hired and no contracts actually existed with any banks. Vincent played on the 1979 Michigan State national championship team with Magic Johnson and later played in the NBA for several teams.

This goes to show that without research and trusting on “household” names can get you scammed. Be safe and verify everything you can before buying anything.

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