Former NBA Player Tate George Gets 9 Years For Ponzi Scheme

By Staff  |  01/21/2016

Tate George

Former NBA player Tate George has been sentenced to nine years in prison for running a real estate Ponzi scheme, reports ESPN.

The 47-year-old was convicted in 2013 on four wire fraud counts, after ripping off a number of victims, including current and former NBA players and celebrities, for millions.

Tate was also ordered to pay $2.5 million in restitution and serve three years of supervised release.

He has been jailed since 2013.