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

17 Jul    Home Buyer News

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police & fire Former NBA Player Tate George Sentenced For Ponzi Scheme The Newark resident and ex-Nets and Bucks player ran a Ponzi scheme that nabbed $2 million, authorities say.

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A New Jersey Nets player lost his appeal of a nine-year prison sentence he received for his role in a $2 million real estate ponzi scheme several years ago, authorities sad. C. Tate George, who.

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A man accused of running a Ponzi scheme in Lake Jackson five years ago pleaded guilty to a federal judge on mail fraud charges and was to receive an 11-year prison term.. a former Brazoria.

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. A federal judge in Trenton also ordered.

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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Peter was sentenced to 10 years in prison, and Mark committed suicide by hanging exactly two years after his father’s arrest. Alerted by his sons, federal authorities arrested Madoff on December 11, 2008. On March 12, 2009, Madoff pleaded guilty to 11 federal crimes and admitted to operating the largest private Ponzi scheme in history.

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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