Ex-NBA Player Tate George Charged in $2 Million Ponzi Scheme
Posted on | Friday, September 23, 2011 | No Comments
Bloomberg News reports:
Tate George, a former player for the National Basketball Association’s New Jersey Nets and Milwaukee Bucks, was charged with running a $2 million Ponzi scheme that targeted ex-professional athletes.
George, 43, raised more than $2 million for his company, The George Group, after telling investors his real-estate development portfolio was worth $500 million, according [...]
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