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Former nba player tate george gets 9 years for running real estate Ponzi scheme. Tate George, a former basketball star at the University of Connecticut who spent four years in the NBA in the.
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But just a year later his vast fortune was tied up by the courts, his company was being dismantled, and he was facing 10 years in jail accused of running a $1billion Ponzi scheme – the largest.
· Another day passed Tuesday without a sentence in the fraud case of a former NBA player convicted of running a real estate Ponzi scheme. Former NBA Player Tate George Faces Sentence for Real Estate.
Ex-NBA player Tate George gets 9 years in prison for Ponzi scheme. Former NBA player Tate George was sentenced to nine years in prison on Thursday by a federal judge in Trenton, N.J., for running a $2 million Ponzi scheme. The Sports Xchange. January 21, 2016 – 4:36 pm.