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

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Former New Jersey Nets and milwaukee bucks player C. Tate George has been sentenced to nine years in prison for his role in orchestrating a $2 million investment fraud 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. 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 Sentenced For Ponzi Scheme The Newark resident and ex-Nets and Bucks player ran a Ponzi scheme that nabbed $2 million, authorities say. By Eric Kiefer, Patch Staff

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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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Former NBA player C. Tate George was sentenced Thursday to nine years in prison for bilking investors, including fellow players, out of $2 million in purported real estate investments that went.

January 21, 2016. 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 fraud scheme, announced U.S. Attorney Paul J. Fishman for the District of New Jersey.