Ex-NBA player, college star loses appeal in Ponzi scheme case

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A former NBA player and college basketball star celebrated for making a game-winning shot in the 1990 NCAA Basketball Tournament that sent his team into the Elite Eight has lost an appeal of a wire-fraud conviction in federal appeals court.


Tate George, who was convicted in 2013 on wire-fraud charges in a $2 million real estate Ponzi scheme, said in his appeal that prosecutors withheld evidence and that one federal agent lied on the witness stand, according to court documents released Wednesday. He was sentenced to nine years in prison in January 2016.

A three-judge panel of the U.S. Court of Appeals for the Third Circuit rejected George’s argument and upheld the sentence, which includes paying  $2.5 million in restitution.





As a senior point guard for the University of Connecticut, the Newark, N.J., native gained national acclaim after his buzzer-beater bounced Clemson University from the tournament. He was drafted by the New Jersey Nets in the first round — 22nd overall — in the 1990 NBA draft.  He last played in the NBA in 1995 for the Milwaukee Bucks.

George was convicted of ripping off dozens of victims, including other NBA players as well as Randal Pinkett, the 2005 winner on now-President Trump’s reality program, The Apprentice. George persuaded them to invest in his real estate company and used their money to pay personal expenses and other investors.

The panel’s opinion was written by Judge Thomas M. Hardiman, whom Trump considered nominating for the vacancy on the U.S. Supreme Court.
























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1 Philadelphia

Philadelphia News & Search

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