"Or I’ll be next," he said. "I know." – Ex-NBA player tate george sentenced – Former NBA player Tate George was sentenced to a maximum nine years in prison on January 21 for operating a Ponzi scheme.
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Ex-NBA player Tate George sentenced to 9 years for fraud TRENTON, N.J. – Former NBA player and University of Connecticut star Tate George was sentenced in a New jersey federal court Thursday to nine.
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Ponzi scheme. On January 21, 2016, in New Jersey federal court, George was sentenced to nine years in prison for his involvement in the aforementioned Ponzi scheme. Upon his release he is ordered to pay $2.5 million in restitution. He will also be on three years of supervised release after serving his sentence.
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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.