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 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.

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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 orchestrating a.

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PHILADELPHIA — A federal appeals court has upheld the nine-year prison term for former NBA player and UConn star Tate George for running a real estate Ponzi scheme. George raised multiple issues,

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Molinas had been a key figure in the scandal, serving as a go-between for the mob and players they wished to bribe. While the NBA banned Molinas for life, the courts were a little more lenient. They handed him a ten to 15 year prison sentence for his role, but Molinas was out in just five years.

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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.

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.

Law360, New York (January 21, 2016, 9:12 PM EST) — Former NBA player C. Tate George was sentenced Thursday to nine years in prison for bilking investors, including fellow players, out of $2.