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

Former NBA Player’s Nine-Year Prison Sentence Affirmed for Role in a $2 Million Ponzi Scheme. mortgage. Related posts. Case law update. mortgage lenders news case Law Update.

. upheld the nine-year prison term for former NBA player and UConn star Tate George. also affirmed an order mandating that George pay $2.5 million in restitution.. More than two years after his conviction in a $2 million Ponzi scheme that.

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Former NBA player may get 9 years in prison, sentencing postponed june 19, 2014 19:52 Views: 117 Fraud sentencing for former NBA player Tate George has been postponed until August 19-20, while he was scheduled to be sentenced in federal court in Trenton, NJ.

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. George had raised multiple issues on appeal.

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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. Home News

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Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, January 21, 2016 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. Continue reading