Former NBA Player Tate George Sentenced to 9 Years for Real Estate Ponzi Scheme. Former NBA player Tate George was sentenced Thursday to nine years in prison for orchestrating a Ponzi scheme for more than $2 million, the New Jersey U.S. Attorney’s Office confirms to PEOPLE. George, 47, of Newark, a first round draft pick.
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Ex-NBA player Tate George, who was sentenced to nine years in prison for running a $2 million real estate Ponzi scheme, has filed a fraud lawsuit against Jody Kriss and Michael "Chudi" Ejekam.
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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Former NBA Star gets slam dunked into Prison Mr. George coming out of the big house (court house) According to the US Attorney’s Office in New Jersey, former NBA Basketball player with New Jersey Nets and Milwaukee Bucks, C Tate George was sentenced to 108 months or 9 years, for running a 2 million dollar ponzi scheme.
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.
| 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.
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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.