Former NBA Player’s Nine-Year Prison Sentence Affirmed for Role in a $2 Million Ponzi Scheme

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Nevin Shapiro, a convicted Ponzi schemer, details the cash, gifts. incarcerated for his role in a $930 million Ponzi scheme, has told. Hurricanes booster nevin shapiro described a sustained, eight-year. including nine former Miami players or recruits, and one former.. Top 100 NBA Players of 2018.

Former NBA Player and CEO of the George Group Convicted on All Counts in $2 Million Ponzi Scheme U.S. Attorney’s Office September 30, 2013 District of New Jersey (973) 645-2888

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. upheld the nine-year prison term for former NBA player and UConn star Tate George. also affirmed an order mandating that George pay $2.5 million in restitution.. More than two years after his conviction in a $2 million Ponzi scheme that.

| April 25, 2016. Ex-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.

Former NBA Player’s Nine-Year Prison Sentence Affirmed for Role in a $2 Million Ponzi Scheme. Instead of using investments to fund real estate development projects, George used the money from new investors to pay existing investors in Ponzi-scheme fashion, as well as paying for his daughter’s sixteenth birthday party,

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Law360, New York (January 21, 2016, 9:12 PM EST) — Former NBA player C. Tate George was sentenced Thursday to nine years in prison for bilking investors, including fellow players, out of $2.

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