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

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.

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 Head of Offshore Brokerage Sentenced to 18 Years for Conspiracy to Commit International Stock Fraud and Money Laundering.. Former NBA Player and CEO of the George Group Sentenced to Nine Years in Prison for Role in a $2 Million Ponzi Scheme.

Former Husky, New Jersey Nets Player Tate George Sentenced In Ponzi Scheme Investors in The George Group unwittingly paid more than $2 million, some of which went to pay for his daughter’s Sweet.

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Maury Phillips/WireImage Former NBA player Tate George was sentenced Thursday to nine years in prison for orchestrating a Ponzi scheme for more than $2 million, the New Jersey U.S. Attorney’s.

Tate george. tate claude george (born May 29, 1968) is an American former professional basketball player who was selected by the New Jersey Nets with the 22nd overall pick in the 1990 NBA Draft from the University of Connecticut. A 6’5" (1.96 m) and 190 lb (86 kg) guard, he played a total of four years in the NBA for.

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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.

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C. Tate George, 44, former NBA basketball player and CEO of purported real estate development firm The George Group, was indicted and saw his trial start on charges relating to an alleged $2 million Ponzi scheme. George claimed to have more than $500 million in assets under management and advised investors, including former professional.

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