Ex-NBA Player Tate George Sentenced to Nine Years in Prison – Breaking911

Former NBA player and University of Connecticut star Tate George was sentenced in a New Jersey federal court thursday to nine years in prison for running a real estate 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 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.

Ex-UConn star and NBA veteran Tate George was sentenced to nine years in prison Thursday for his role in a real estate Ponzi scheme. George made off with $2.55 million from 17 different investors.

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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. George presented himself as CEO of The George Group claiming to have more than $500 million in assets, according to a statement from the U.S. Attorney.

TRENTON, N.J. (AP) – 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.

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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Ex-NBA Player Tate George Sentenced to Nine Years in Prison – breaking911 rates assume a Credit Score of 740 with a 75% CLTV with $1800 in closing costs. All Rates, Payment Amounts, and Closing Costs are examples and do not .

| April 25, 2016. 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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