Former NBA Player and CEO of the George Group Sentenced to Nine Years in Prison for Role in a $2 Million Ponzi Scheme

Former NBA player and University of Connecticut star Tate George was sentenced Thursday to nine years in prison for running a real estate ponzi scheme. A federal judge in Trenton also ordered.

TRENTON, N.J. — Former NBA player and University of Connecticut star Tate George was sentenced in a New jersey federal court thursday to nine years in prison for running a real estate Ponzi scheme. A federal judge in Trenton also ordered George to pay $2.5 million in restitution and serve three years of supervised release.

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Tate George. Tate Claude George (born May 29, 1968) is an American former professional basketball player who was selected by the New Jersey Nets with the 22nd overall pick in the 1990 NBA Draft from the University of Connecticut. A 6’5" (1.96 m) and 190 lb (86 kg) guard, he played a total of four years in the NBA for.

Former NBA Player and CEO of the George Group Sentenced to Nine Years in Prison for Role in a $2 Million Ponzi Scheme. With more than 20 federal agencies, 94 U.S. attorney’s offices and state and local partners, it’s the broadest coalition of law enforcement, investigatory and regulatory agencies ever assembled to combat fraud.

Former nba player tate george Sentenced For Ponzi Scheme. The ex-Nets and Bucks player ran a Ponzi scheme that nabbed $2 million, authorities say. By Eric Kiefer, Patch Staff | Jan 21, 2016 5:50 pm ET.

The revelations emerged from a series of prison interviews with white-collar criminals conducted. But their company was nothing but a Ponzi scheme, where Hope used new investors’ cash to repay his.

January 21, 2016. C. Tate George, former NBA basketball player and the CEO of purported real estate development firm The George Group, was sentenced today to 108 months in prison for his role in orchestrating a $2 million investment fraud scheme, announced U.S. Attorney Paul J. Fishman for the District of New Jersey.

Former New Jersey Nets and Milwaukee Bucks player C. Tate George has been sentenced to nine years in prison for his role in orchestrating a $2 million investment fraud scheme.

AN IAAF delegation has concluded the second site visit to New Providence, the host city of the upcoming IAAF World Relays. The press should be allowed to attend the hearing of the marines in the Cuban.