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Sentencing has since been delayed to May 2014. On January 21, 2016, in New Jersey federal court, George was sentenced to nine years in prison for his involvement in the aforementioned Ponzi scheme. Upon his release he is ordered to pay $2.5 million in restitution. He will also be on three years of supervised release after serving his sentence.
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.
Ex-NBA player Tate George has been sentenced to nine years in prison and ordered to pay $2.5 million in restitution for operating ] a real estate Ponzi scheme that cheated other current and former NBA players. George is a former UConn basketball standout and played in the NBA for the New Jersey Nets and Milwaukee Bucks.
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TRENTON, N.J. – 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, U.S. Attorney Paul J. Fishman announced.
TRENTON, N.J. (AP) — Former NBA player and University of Connecticut star Tate George has been sentenced to nine years in prison for running a real estate Ponzi scheme. George, who played for New.
Former NBA player and University of Connecticut star Tate George was sentenced Thursday to nine years in prison for running a real estate Ponzi scheme.
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burly golfing: gull McGregor Former NBA Player and CEO of the george group sentenced to Nine Years in Prison for Role in a $2 Million Ponzi Scheme Ex-NBA player tate george sentenced to 9 years for fraud.
Former NBA player and University of Connecticut star Tate George was sentenced Thursday to nine years in prison for running a real estate Ponzi scheme. A federal judge in Trenton also ordered.
Former NBA player Tate George was sentenced to 9 years in prison for organizing a Ponzi scheme for more than $2 million, the New Jersey U.S. Attorney’s Office told PEOPLE. George, 47, of Newark, a first round draft pick of the New Jersey Nets who also played for the Milwaukee Bucks, was convicted in 2013 on four counts of wire fraud.