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

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Former NBA player to be sentenced for Ponzi scheme. Tate George shoots free throws during a 1991 game with the New Jersey Nets.

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The San Francisco Chronicle is reporting that Tate George, a former New Jersey Nets guard and the CEO of purported real estate development firm The George Group, was indicted today on charges of running a $2 million Ponzi scheme that targeted ex-professional athletes.

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3 Jack Molinas – Bribing Other Players. Due to his actions at Columbia, he was banned from the NBA after 32 games, and due to his actions in 1961, he was sentenced to 15 years in prison, which he only ended up serving five years of.

Also sentenced in United States Federal Court to 18 years, running concurrently with the 20-year sentence imposed by California, as well as sentences in Arizona, Nevada and Louisiana. While the Federal conviction is shorter, it does not allow for the possibility.

PHILADELPHIA, PA – Former University of Connecticut basketball star and NBA player Tate George on Wednesday lost his appeal of the nine-year prison sentence he received for his role in orchestrating a.

PHILADELPHIA, PA – Former University of Connecticut basketball star and NBA player Tate George on Wednesday lost his appeal of the nine-year prison sentence he received for his role in.

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