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

Former NBA Star gets slam dunked into Prison Mr. George coming out of the Big house (court house) According to the US Attorney’s Office in New Jersey, former NBA Basketball player with New Jersey Nets and Milwaukee Bucks, C Tate George was sentenced to 108 months or 9 years, for running a 2 million dollar ponzi scheme.

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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. 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.

Tate George, former NBA basketball player and the CEO of purported real estate development firm The George Group, was sentenced to 108 months in prison on Thursday for his role in orchestrating a.

Former NBA Player and CEO of The George Group Charged in Ponzi Scheme. for allegedly orchestrating a more than $2 million investment fraud scheme, U.S. Attorney Paul J. Fishman announced.

 · On September 30, 2013 George was found guilty on several counts of wire fraud but three years later on January 21, 2013, George would be sentenced to nine years in prison for his financial crimes. In addition to the prison time, George will also have to pay $2.5 million in restitution.

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Ex-nba player tate george, who was sentenced to nine years in prison for running a $2 million real estate Ponzi scheme, has filed a fraud lawsuit against Jody Kriss and Michael "Chudi" Ejekam.

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Former UConn star and NBA first-round draft pick Tate George was sentenced Thursday in Trenton, N.J., to nine years in federal prison for running a $2 million real estate Ponzi scheme, Reuters.