Ron Holmes, father of former UCLA basketball standout Shabazz Muhammad, was put under house arrest by a federal magistrate Friday.
Holmes pleaded not guilty to bank fraud and conspiracy charges. He is alleged to have used phony information and straw buyers to obtain and sell homes in the Las Vegas area.
The indictment alleged that he took in more than $2.5 million.
Holmes will be required to wear a GPS monitor, though he will be allowed to leave the house to coach Asia Muhammad, his daughter who is a professional tennis player, and athletes at a Las Vegas high school.
The court said he cannot engage in financial transactions involving mortgages or real estate.
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