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

healer autonavigators: September 2005 Former NBA Player’s Nine-Year Prison Sentence Affirmed for Role in a $2 Million Ponzi Scheme Former NBA player sentenced in Missouri to 6 years in federal. – Former NBA player sentenced in Missouri to 6 years in federal prison for charity fraud scheme, filing false tax returns kansas CITY, Mo.

UConn basketball icon Tate George was sentenced to the maximum nine years in prison Thursday after being convicted of operating a real estate Ponzi scheme in which investors lost $2.55 million.

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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"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.

Former NBA player Kermit Washington-who played for 10 seasons but is chiefly famous for punching Rudy Tomjanovich so hard he nearly killed him-was sentenced to six years in federal prison and.

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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 scheme.

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 to be sentenced for ponzi scheme. tate george shoots free throws during a 1991 game with the New Jersey Nets.

On Monday, it was announced that a former professional basketball player had been sentenced to prison on charges related to an extensive charity fraud scheme. 66-year-old Kermit Alan Washington of Las Vegas, Nevada was sentenced to six years in federal prison without parole. The defendant has also been ordered to pay $967,158 in restitution.

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