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

Former NBA Player And CEO Of The George Group Sentenced To Nine Years In Prison For Role In A $2 Million Ponzi Scheme. 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.

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Former NBA Player and CEO of a purported real estate development firm C. Tate George (Photo: The Star Ledger) A federal judge sentenced former NBA Player and CEO of a purported real estate development firm, C. Tate George, to nine years in prison for orchestrating a $2 million investment fraud scheme, according to officials.

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A former NBA player has called on a New Jersey federal court to throw out his conviction and nine-year prison sentence for bilking real estate investors out of more than $2 million in a Ponzi.

(CBS/AP) NEWARK, N.J. – A former NBA player has been indicted in New Jersey on federal charges he ran a more than $2 million Ponzi scheme. Prosecutors say C. Tate George, better known as Tate.

Former NBA Player and CEO of the George Group Convicted on All Counts in $2 Million Ponzi Scheme. The jury deliberated four hours before convicting George, 45, of Newark, of four counts of wire fraud after a three-week trial before U.S. District Judge Mary L. Cooper. George was immediately remanded into federal custody to await sentencing, which is scheduled for January 16, 2014.

Former NBA Player’s Nine-year prison sentence affirmed for Role in a $2 Million Ponzi Scheme borrower praises loan advisor – Royal United Mortgage LLC Neither the offered certificates nor the underlying mortgage loans are insured or guaranteed by any governmental agency or instrumentality.

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Former NBA star sentenced in ponzi scheme: tate George, once a first-round NBA draft pick, will go to federal prison for nine years thanks to his role in a $2.55 million Ponzi scheme.

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