Guilty plea set in $7.5M ex-Heat player fraud

A man previously convicted of real estate fraud has agreed to plead guilty to a multimillion dollar investment scam involving three former Miami Heat players and the team itself.

Court records show Haider Zafar will plead guilty to five counts of wire fraud, each of which carries a maximum 20-year prison sentence.

Prosecutors say Zafar defrauded players Mike Miller, James Jones and Rashard Lewis in 2013 by promising to invest their combined $7.5 million in various business opportunities.