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

Victims include current NBA players. 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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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 orchestrating a.

PHILADELPHIA — A federal appeals court has upheld the nine-year prison term for former NBA player and UConn star Tate George for running a real estate Ponzi scheme.

"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.

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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Former NBA Player’s Nine-year prison sentence Affirmed for Role in a $2 Million Ponzi scheme law360 (august 15, 2018, 4:21 PM EDT) – A former NBA player has called on a New Jersey federal court to throw out his conviction and nine-year prison sentence for bilking real estate investors out of more than $2 million in a Ponzi scheme, citing.

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Former NBA Player’s Nine-Year Prison Sentence Affirmed for Role in a $2 Million Ponzi Scheme. Instead of using investments to fund real estate development projects, George used the money from new investors to pay existing investors in Ponzi-scheme fashion, as well as paying for his daughter’s sixteenth birthday party,

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 player Tate George has been sentenced to nine years in prison by a federal court judge in New Jersey. The Associated Press (via ESPN.com) reported Thursday that Tate was convicted for.