Former NBA Player and CEO of the George Group Sentenced to Nine Years in Prison for Role in a $2 Million Ponzi Scheme

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 fraud scheme, U.S. Attorney Paul J. Fishman announced.

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 and CEO of the George Group Sentenced to Nine Years in Prison for Role in a $2 Million Ponzi Scheme 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 fraud scheme, announced U.S. Attorney Paul J. Fishman for the District of New Jersey.

TRD investigates how a former NBA star, Tate George, 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.

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Daniel Tosh: People Pleaser On January 21, 2016, in New Jersey federal court, George was sentenced to nine years in prison for his involvement in the aforementioned ponzi scheme. Upon his release he is ordered to pay $2.5 million in restitution. He will also be on three years of supervised release after serving his sentence. References [ edit ]

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A federal judge sentenced former NBA Player and CEO of a purported real estate development firm, C. Tate George, to nine years in prison for orchestrating a $2 million investment fraud scheme, according to officials.

TRENTON, N.J. — 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.