Former NBA player Tate George gets 9 years for running real estate Ponzi scheme

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TRENTON, N.J .- 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.A federal judge in Trenton.

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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.

TRENTON, N.J. >> 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. A federal judge in Trenton.

A hedge fund boss whose investors lost £350million when his Mayfair firm collapsed as a result of his rogue trading has been jailed for 13 years. Magnus Peterson. It was then that Peterson launched.

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UConn basketball icon Tate George was sentenced to the maximum nine years in prison Thursday after being convicted of operating a real estate Ponzi scheme in which investors lost $2.55 million.

The same year, Rothstein’s labyrinthine fraud came crashing down, taking the firm with it. Rothstein had lured hordes of wealthy investors into his scheme. Mr Edwards, a former high school.