The Associated Press is reporting that former IU player and basketball announcer, Todd Leary, has been arrested in connection with a real estate title scheme. Rebecca Green of the Fort Wayne Journal Gazette has a more comprehensive story.
Leary, 39, of Carmel, is accused of conspiring with [insurance broker Joseph] Garretson between July 2008 and February 2009 to commit a variety of felonies, including conspiracy to commit conversion or misappropriation of title insurance escrow funds, conspiracy to commit theft and conspiracy to corrupt business influence. The majority of the charges are Class C felonies, with penalties of up to four years in prison each.
Garretson is accused of [and is awaiting sentencing for] arranging mortgage refinancing loans for area clients and failing to use the money to pay off the initial loans, causing mortgage holders to default.
. . .
According to court documents, Leary’s former teammate, Brian Evans, cooperated with state investigators to uncover the scheme.
Garretson claims that Leary pressured him on a number of occasions for more money, threatening to reveal Garretson’s misdeeds.
Leary played for IU from 1990 – 1994. Evans played for IU from 1991 – 1996.
Crimson Quarry offers these thoughts:
It’s hard to know what to say about this. Obviously, the allegations are very serious, and Leary’s career as an IU broadcaster probably is over. Still, it will be interesting to see the authorities’ rationale for making this arrest when and where they did. It seems like an effort to humiliate Leary and an effort to gain publicity for the allegations. Again, I don’t mean to downplay the serious allegations, but he is entitled to a legal presumption of innocence. That presumption of innocence doesn’t bind those of us who want to talk about it (i.e., we’re under no obligation to pretend that OJ didn’t kill his ex-wife), but it does bind the authorities.