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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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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.

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.

PHILADELPHIA, P.A. – C. Tate George, former NBA basketball player and the CEO of purported real estate development firm The George Group, today lost his appeal of the nine-year prison sentence he received for his role in orchestrating a $2 million real estate investment Ponzi scheme, Acting U.S. Attorney William E. Fitzpatrick announced.

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Former NBA Player’s Nine-Year Prison Sentence Affirmed for Role in a $2 Million Ponzi Scheme 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 may get 9 years in prison, sentencing postponed. He was selected by the Nets with the No. 22 pick in the 1990 NBA draft. George played 4 seasons in the NBA, three of them with New Jersey Nets. He averaged career high 6.0 ppg for the team in 1991-92 season. In total, George played in 177 NBA games, started in 14 of them. He holds career averages of 4.2 ppg in 11.4 mpg.

Mortgage Masters Group Former NBA Player’s Nine-year prison sentence Affirmed for Role in a $2 Million Ponzi Scheme Sentencing for a former NBA player convicted of ripping off investors in a Ponzi scheme was postponed Wednesday as attorneys for each side squabbled over how much money his victims lost.Why every home buyer needs a pre-approval.

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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.