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Booster allegedly loaned money to Wolverines

Updated: May 28, 2002, 6:33 PM ET
Associated Press

DETROIT -- A Michigan booster accused of illegally lending $600,000 to Chris Webber and three other Wolverines basketball players, pleaded guilty Tuesday to a federal conspiracy charge.

Ed Martin, who prosecutors say loaned the money to help conceal profits from gambling operations at Detroit-area auto plants, faces 2½ to three years in prison as part of a plea deal. He also agreed to cooperate with the government.

Martin, who had until Tuesday to decide whether to plead ...

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