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

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

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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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The Federal Bureau of Investigation on September 30, 2013 released the following: “TRENTON, NJ- C. Tate George, former NBA basketball player and the CEO of purported real estate development firm The George Group, was convicted today on all counts on which he was indicted in connection with his role in orchestrating a $2 million investment fraud scheme, U.S. Attorney Paul J. Fishman announced.

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