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Former NBA Player’s Nine-Year Prison Sentence Affirmed for Role in a $2 Million Ponzi Scheme

| April 25, 2016. Ex-NBA player Tate George has been sentenced to nine years in prison and ordered to pay $2.5 million in restitution for operating ] a real estate Ponzi scheme that cheated other current and former NBA players. George is a former UConn basketball standout and played in the NBA for the New Jersey Nets and Milwaukee Bucks.

More than two years after his conviction in a $2 million ponzi scheme that targeted professional athletes, former New Jersey Nets player Tate George was sentenced Thursday to a prison term nearly.

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PHILADELPHIA (AP) – A federal appeals court has upheld the nine-year prison term for former NBA player and University of connecticut star tate George for running a real estate Ponzi scheme.

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"This former NBA player abused his fame and status to. was sentenced to six years in federal prison.. an investigation into a piracy scheme "in excess of $100 million worth of illicit.

Former NBA star sentenced in Ponzi scheme: Tate George, once a first-round NBA draft pick, will go to federal prison for nine years thanks to his role in a $2.55 million Ponzi scheme.

The San Francisco Chronicle is reporting that Tate George, a former New Jersey Nets guard and the CEO of purported real estate development firm The George Group, was indicted today on charges of running a $2 million Ponzi scheme that targeted ex-professional athletes.

healer autonavigators: September 2005 Former NBA Player’s Nine-Year Prison Sentence Affirmed for Role in a $2 Million Ponzi Scheme Former nba player sentenced in Missouri to 6 years in federal. – Former NBA player sentenced in Missouri to 6 years in federal prison for charity fraud scheme, filing false tax returns kansas CITY, Mo.

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PHILADELPHIA, PA – Former University of Connecticut basketball star and NBA player Tate George on Wednesday lost his appeal of the nine-year prison sentence he received for his role in.

3 Jack Molinas – Bribing Other Players. Due to his actions at Columbia, he was banned from the NBA after 32 games, and due to his actions in 1961, he was sentenced to 15 years in prison, which he only ended up serving five years of.

Former NBA player Kermit Washington-who played for 10 seasons but is chiefly famous for punching Rudy Tomjanovich so hard he nearly killed him-was sentenced to six years in federal prison and.

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