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| | CBS News Robinson Owes $517,000 On Loan December 13, 1999 05:19:01 |
 | | Phoenix Suns forward Clifford Robinson must pay a partnership the $517,000 he owes on a home loan, a federal appeals court ruled Monday, saying Robinson waited too long to claim fraud. |
 | | Robinson, a former star at the University of Connecticut, paid interest on the loan for three years but failed to pay the $468,000 principal, which was due in a balloon payment in May 1996. |
 | | According to a judge who summarized his claims, Robinson said his agent, Larry Gillman, who arranged the loan, took $77,000 of the proceeds for his own use, and two of the partners in 389 Orange Street Partners took $97,000 as purported brokerage fees. |
| www.cbsnews.com /stories/1999/03/22/archive/main39906.shtml (522 words) |
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