Carlton Dotson, a J.C. recruit, was sentenced to 35 years in prison after. The nba players' association reportedly reminds its rookies every year that 60% of NBA. 2003, to fraud and money laundering charges related to a Ponzi scheme that. of the Vickers Oil company and eventually got into real estate development.
Victims include current NBA players. Tate George, a former basketball star at the University of Connecticut who spent four years in the NBA in the early-mid 90s, will spend the next nine years in prison for "orchestrating" a $2 million real estate ponzi scheme, the Department of Justiceannounced last week.
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Ex-ballers to NBA stars: Don’t let RE investors scam you. The main culprits: bad financial advice, divorces and extravagant lifestyles. Fraud was another issue. Earlier this year, former NBA player Tate George was sentenced to nine years in prison for defrauding fellow athletes like Charlie Villanueva and Brevin Knight in a real estate Ponzi scheme.
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TRENTON, N.J. (AP) Another day passed Tuesday without a sentence in the fraud case of a former NBA player convicted of running a real estate Ponzi scheme. Former University of Connecticut and New.
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Don’t hate the player: How a former nba star built a real estate fraud scheme around his basketball ties. The shot that made Tate George was one of those moments that make you question the laws of time and space. It was March 21, 1990. The University of Connecticut was up against Clemson University in the Sweet 16 round of March Madness.
Tate George, a former player for the National Basketball Association’s New Jersey Nets and Milwaukee Bucks, was convicted on charges of running a $2 million Ponzi scheme that targeted. Group’s.
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.
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Former 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.