Fraud sentencing for ex-NBA player and UConn star Tate George to resume Thursday
TRENTON, N.J. — Former NBA player and University of Connecticut star Tate George could finally learn his sentence Thursday in a New Jersey fraud case.
George was convicted in 2013 on four wire fraud counts for running an alleged real estate Ponzi scheme. Victims included current and former NBA players and celebrities.
His sentencing hearing began in December and continued Wednesday in Trenton. The judge is expected to pronounce the sentence Thursday.
Each fraud count carries a maximum 20-year sentence, but George is likely to face less time.
George, who played for New Jersey and Milwaukee in the NBA, has been jailed since his conviction. He’s contesting how much money investors lost.
Prosecutors contend he persuaded people to invest in his company but used their money to pay off earlier investors.