Former NBA player Tate George gets 9 years for running real estate Ponzi scheme

Former NBA player tate george has been sentenced to nine years in prison for running a real estate Ponzi scheme, reports ESPN.. The 47-year-old was convicted in 2013 on four wire fraud counts.

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Earlier this year, former NBA player Tate George was sentenced to nine years in prison for defrauding fellow athletes like Charlie Villanueva and Brevin Knight in a real estate Ponzi scheme.

TRENTON, N.J. (AP) – 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.

Former NBA player Tate George gets 9 years for running real estate Ponzi scheme. Victims include current nba players. january 25, 2016. Ben Lane.

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Tate George, a former University of Connecticut star who later played in the national basketball association, was sentenced on Thursday to nine years in prison for running what prosecutors called a $2 million real estate Ponzi scheme.

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Don’t hate the player: How a former NBA star built a real estate fraud scheme around his basketball ties. The shot that made Tate George was one of those moments that make you question the laws of time and space. It was March 21, 1990. The University of Connecticut was up against Clemson University in the Sweet 16 round of March Madness.

Tate George, a former basketball star at the University of Connecticut who spent four years in the NBA in the early-mid 90s, will spend the next nine years in prison for "orchestrating" a $2 million real estate Ponzi scheme, the Department of Justice announced last week.

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