HoopsHype Tate George rumors


November 1, 2014 Updates

A federal judge on Friday rejected jailed former NBA player Tate George's appeal of his 2013 fraud conviction, ruling that the government provided ample evidence for a jury to find him guilty of running a real estate Ponzi scheme. George was convicted last fall on four wire fraud counts during a trial in which current and former athletes testified that they lost money investing in projects he touted. "I find the evidence presented during the government's case in chief was by all means sufficient," U.S. District Judge Mary L. Cooper said. Philadelphia Inquirer

October 31, 2014 Updates
September 29, 2014 Updates

As University of Connecticut basketball legend Tate George reaches the one-year anniversary of his imprisonment Tuesday, prosecutors are blasting him in court papers over his request that a federal judge overturn his four felony convictions. George was convicted by a federal jury of four counts of wire fraud last year in connection with running a Ponzi scheme to defraud investors, including former UConn star Charlie Villaneuva, and prosecutors said he could as much as six to nine years in prison. CTNow.com

June 18, 2014 Updates
October 15, 2013 Updates

A former NBA player best known for his 1990 tournament buzzer-beater for Connecticut is on trial this week in Trenton, N.J., on federal charges of wire fraud. Tate George is accused of carrying out a Ponzi scheme from 2005 to early 2011, netting him $2 million. He has denied wrongdoing. Prosecutors say George used money investors sank into his purported real estate firm to pay previous investors or for home improvements and personal expenses. rep-am.com

October 2, 2013 Updates

Charlie Villanueva had to tell the truth, he said. The Detroit Pistons power forward was talking about a trial in which former NBA player Tate George was convicted Monday of bilking $2 million in a Ponzi scheme, with Villanueva, who testified last month, one of his victims. "I don't care how much money you make, 250K is 250K," Villanueva said of his losses in the scam perpetrated by a fellow former University of Connecticut player. He said he felt more sympathy for other victims than for himself, like a woman who inherited $46,000 and lost it all investing with George. "She needed that 46K," Villanueva said. Booth Newspapers

October 1, 2013 Updates

Former NBA point guard Tate George has been convicted of wire fraud after a federal jury found that he ran a $2 million Ponzi scheme that ensnared fellow athletes. George, 45, played for the Nets and Bucks during an unremarkable four-year NBA career and was better known as a collegiate player at Connecticut. He was taken into federal custody in New Jersey after the conviction on Monday and faces up to 20 years in prison and a $250,000 on each of four wire fraud counts. Sentencing was scheduled for January, 2014. CBSSports.com

September 30, 2013 Updates
September 18, 2013 Updates
July 10, 2013 Updates

Kenny Anderson looked me in the eye and told me he sometimes wished he didn't have a penis. He'd repeat the line a couple hours later in front of 40 or 50 people, appending a last-second "almost" to make sure the giggling crowd knew where he came down on the penis/no-penis question. A lot of what Anderson said to me during the "cocktail hour" preceding Penis Monologues felt like rehearsal. I had asked Anderson -- and this was the only planned question I asked him -- how much he'd rehearsed for the show, and he explained that the performance was to be more interview and improv than a true play. Anderson then began to share, with voice low and drink in hand, an unsolicited series of personal headlines -- some sordid, some sad, some actual newspaper headlines. SB Nation

Anderson, a high school legend, 14-year pro, and one-time All-Star, was one of five men -- three of them former NBA players -- on stage for Penis Monologues (or, depending where you look, The Penis Monologue or Penis Monologue Symposium) at the Producers' Club's Crown Theater in New York Sunday night. Alongside him sat Chris Gatling, 11-year journeyman and one-time All-Star; Tate George, a four-year pro and maker of one of the most legendary shots in UConn history (the website had promised Anthony Mason, but nope: Tate George); Joe Brown, former agent and longtime associate of all the above; and "Detroit" Dan Bowman, a very amiable, increasingly drunk South Florida epoxy flooring magnate and former Blind Date contestant whose reasons for being included perplexed nearly everyone, him most of all. SB Nation

The Penis Monologues opening was, in total, a rambling spectacle of a little over three hours, split evenly between men discussing their bountiful, treacherous paths through NBA stardom and men discussing their penises' parallel bountiful, treacherous paths through NBA stardom. For retired pros in their 40s, it was an early exercise in a special kind of public speaking: honest, vulnerable and undiluted. SB Nation

March 24, 2012 Updates

A federal grand jury has upped the stakes against former New Jersey Net Tate George, whom last year federal authorities accused of running a $2 million Ponzi scheme. George, 43, of Newark, was indicted yesterday on four counts of wire fraud, all tied to allegations that a purported real estate development firm he ran was nothing more than a sham investment scheme. That is up from the single count of wire fraud he was charged with in September following his arrest by the Federal Bureau of Investigation. Newark Star-Ledger

The indictment, announced by U.S. Attorney Paul Fishman, carried a few new details about the case against George. Authorities previously accused the former point guard, best known for sinking a buzzer-beating shot that sent the University of Connecticut to the 1990 NCAA regional finals, of holding himself out to potential investors as the chief executive of a $500 million real estate development firm known as The George Group. He also claimed falsely to have a personal wealth of more than $12 million, according to yesterday’s indictment. Newark Star-Ledger

September 23, 2011 Updates

Prosecutors said that between 2005 and March 2011, George persuaded people, including former professional athletes, to invest in what he promised would be high-return real estate development projects in Florida, Illinois, Connecticut and New Jersey. He claimed to be managing a real estate portfolio of more than $500 million in assets as CEO of The George Group and personally guaranteed people returns on their investments, plus interest, according to prosecutors. George instead used some of the new investor money to make principal and interest payments to existing investors, New Jersey U.S. Attorney Paul Fishman said. He also used the money for improvements on his home and personal expenses including gas, restaurant meals and clothing, Fishman said. ESPN.com

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