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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Former NBA Player and CEO of The George Group Charged in Ponzi Scheme. According to the criminal complaint unsealed today: george, who once played for the New Jersey Nets and Milwaukee Bucks, held himself out as the CEO of The George Group, claiming to have more than $500 million in assets under management.

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Interesting 30Former NBA Player Tate George Sentenced to 9 Years for Real Estate Ponzi Scheme. Former NBA player Tate George was sentenced Thursday to nine years in prison for orchestrating a Ponzi scheme for more than $2 million, the New Jersey U.S. Attorney’s Office confirms to PEOPLE. George, 47, of Newark, a first round draft pick.

Former NBA Player and CEO of The George Group Indicted in ponzi scheme. george, 43, of Newark, was indicted on four counts of wire fraud. He was previously charged by criminal complaint with one count of wire fraud. He will be arraigned on the new charges in Newark federal court on a date to be determined.

A conman dubbed the British Madoff who swindled up to £14million from more than 300 victims was today jailed for eight years. of £9.6 million. In mitigation, David Stern stressed that Freeman’s.

Scroll down for video There has certainly been a bit of wizardry turning the star into the creator of the worst Ponzi schemes in recent history. the back story of the victims or Bernie’s epic.