FORT WAYNE, Ind. (Indiana’s NewsCenter) - Former IU basketball standout Todd Leary pleaded guilty to one county of mis-appropriations of funds, a class C felony.
Normally a class C felony carries a maximum sentence of eight years and a $10,000 fine. But Leary accepted a plea agreement.
Under the agreement Leary would be sentenced to no more than three years behind bars. And if he pays more than $294,000 in restitution he'd receive a year and a half sentence.
The 39-year old former IU network radio announcer was scheduled to stand trial next week on 17-felony counts, including conspiracy, theft and corrupt business influence.
He's accused of blackmailing former title insurance broker Joseph Garretson for close to $1 million dollars to keep quiet about fraudulent "mortgage re-financing transactions."
Garretson was sentenced to eleven and half years in prison and ordered to pay $3.4 million dollars in restitution to his victims.
Leary is expected to be sentenced October 4th.
Leary played for bob knight from 1990 to 1994.
What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY” comment.
© Copyright 2016, A Quincy Media broadcasting station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.