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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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 fraud scheme, announced U.S. Attorney Paul J. Fishman for the District of New Jersey.

Shortly after their breakup, it was revealed that the NBA player was expecting a second child with his former love Keonna. Navi was born later in 2016, and the coupled welcome a new baby son, Nyce,

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burly golfing: gull McGregor Former NBA Player and CEO of the george group sentenced to Nine Years in Prison for Role in a $2 Million Ponzi Scheme Ex-NBA player Tate George sentenced to 9 years for fraud.

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The San Francisco Chronicle is reporting that Tate George, a former New Jersey Nets guard and the CEO of purported real estate development firm The George Group, was indicted today on charges of running a $2 million Ponzi scheme that targeted ex-professional athletes.

Former NBA player C. Tate George was sentenced Thursday to nine years in prison for bilking investors, including fellow players, out of $2 million in purported real estate investments that went.

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Former NBA player Tate George was sentenced to 9 years in prison for organizing a Ponzi scheme for more than $2 million, the New Jersey U.S. Attorney’s Office told PEOPLE. George, 47, of Newark, a first round draft pick of the New Jersey Nets who also played for the Milwaukee Bucks, was convicted in 2013 on four counts of wire fraud.

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