Tate George (born May 29, 1968) is a former professional basketball player from the University of Connecticut who was selected by the New Jersey Nets with the 22nd overall choice in the 1990 NBA lottery. He was a 6-foot-5-inch (1.96 m) and 190-pound (86 kg) guard in the NBA for four years, averaging 4.2 points per game with the Nets and Milwaukee Bucks.
Why was Tate George arrested?
Tate George, former University of Connecticut basketball standout and NBA player was sentenced to nine years in federal prison on Thursday and ordered to repay more than $2.5 million for defrauding fellow NBA players and other would-be investors in a Ponzi-style fraud scheme.
How Many Years was Tate George sentenced in prison?
On January 21, 2016, George was sentenced to nine years in prison in federal court in New Jersey for his involvement in the aforementioned Ponzi scheme. He must pay $2.5 million in restitution upon his release.
How much did the Court order Tate George to pay?
According to the Associated Press (via ESPN.com), Tate was convicted on Thursday of “running a real estate Ponzi scheme,” and the judge also “ordered George to pay $2.5 million in restitution and serve three years of supervised release.”
According to the Associated Press, George was previously convicted on multiple counts of wire fraud, with his victims including current Dallas Mavericks forward Charlie Villanueva and former NBA point guard Brevin Knight.
According to the story, before the judge handed down his punishment, George spent “more than an hour and a half” pleading for mercy and asserting his innocence.
Source: thpttranhungdao.edu.vn/en/
Categories: News
Source: thpttranhungdao.edu.vn/en/
