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Former NBA player Tate George was sentenced to nine years in prison on Thursday by a federal judge in Trenton, N.J., for running a $2 million Ponzi scheme. George, who played for the New Jersey.

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Interesting 30Ex-NBA player Tate George has been sentenced to nine years in prison and ordered to pay $2.5 million in restitution for operating ] a real estate Ponzi scheme that cheated other current and former NBA players. George is a former UConn basketball standout and played in the NBA for the New Jersey Nets and Milwaukee Bucks.

The Securities and Exchange Commission (SEC) has filed a lawsuit against two such individuals – Joseph Meli and Matthew Harriton – claiming the pair operated a Ponzi Scheme that involved. that the.

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Former New Jersey Nets and Milwaukee Bucks player C. Tate George has been sentenced to nine years in prison for his role in orchestrating a $2 million investment fraud scheme.

Private client group advisor now with Morgan Stanley says he “vehemently denies” allegations.. Robert Cook, CEO of FINRA.. Ex-Merrill Star Tom Buck Sentencing Postponed Again.. Alabama Ponzi Artist Gets 10 Years in $2.5 Million scheme. morgan stanley to Pay $800k to NFL, NBA Stars Thanks to ' Bada Bing.

TRD investigates how a former NBA star, Tate George, 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.

TRENTON, N.J. (AP) – Former NBA player and University of Connecticut star Tate George was sentenced in a New Jersey federal court Thursday to nine years in prison for running a real estate Ponzi scheme.. A federal judge in Trenton also ordered George to pay $2.5 million in restitution and serve three years of supervised release.

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"I once had a meeting with J.P. Morgan," he tells the group, "and it was. By George Dohrmann. Ismail played two years in Canada and 10 in the NFL, estimating that he.. In 2001, when a "friend of a close friend"of the nine-year nba vet. who built a pyramid scheme that took a total of about$15 million.