Former NBA Player and CEO of the George Group Sentenced to Nine Years in Prison for Role in a $2 Million Ponzi Scheme

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Daniel Tosh: People Pleaser Former NBA Player and CEO of the George Group Convicted on all Counts in $2 Million Ponzi Scheme 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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TRENTON, N.J. (AP) – 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.. A federal judge in Trenton also ordered George to pay $2.5 million in restitution and serve three years of supervised release.

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Former NBA player Tate George was sentenced to nine years in prison on Thursday by a federal judge in Trenton, N.J., for running a $2 million Ponzi scheme. Former NBA player Tate George was sentenced to nine years in prison on Thursday by a federal judge in Trenton, N.J., for running a $2 million Ponzi scheme.

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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