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

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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.

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Former NBA Player and CEO of the George Group Convicted on All Counts in $2 Million Ponzi Scheme. The jury deliberated four hours before convicting George, 45, of Newark, of four counts of wire fraud after a three-week trial before U.S. District Judge Mary L. Cooper. George was immediately remanded into federal custody to await sentencing, which is scheduled for January 16, 2014.

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Former NBA player sentenced in Missouri to 6 years in federal prison for charity fraud scheme, filing false tax returns kansas city, Mo. – A former professional basketball player was sentenced to six years in federal prison Monday on charges related to an extensive charity fraud scheme.

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.

Law360, New York (January 21, 2016, 9:12 PM EST) — Former NBA player C. Tate George was sentenced Thursday to nine years in prison for bilking investors, including fellow players, out of $2.

Former NBA Player And CEO Of The george group sentenced To Nine Years In Prison For Role In A $2 Million Ponzi Scheme. TRENTON, N.J. – 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.

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