Former NBA Player’s Nine-Year Prison Sentence Affirmed for Role in a $2 Million Ponzi Scheme

The Fed doesn’t control mortgage rates. Former NBA Player’s Nine-Year Prison Sentence Affirmed for Role in a $2 Million Ponzi Scheme The scandal involving NBA referee Tim Donaghy has certainly.. Apparently, he faces a maximum of six years in prison and a fine of $300,000..

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Molinas had been a key figure in the scandal, serving as a go-between for the mob and players they wished to bribe. While the NBA banned Molinas for life, the courts were a little more lenient. They handed him a ten to 15 year prison sentence for his role, but Molinas was out in just five years.

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Ex-NBA player Tate George has been sentenced to nine years in prison and ordered to pay $2.5 million in restitution for operating ] a real estate Ponzi scheme that cheated other current and former NBA players. George is a former UConn basketball standout and played in the NBA for the New Jersey Nets and Milwaukee Bucks.

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Former NBA Player’s Nine-Year Prison Sentence Affirmed for Role in a $2 Million Ponzi Scheme Related posts The Mortgage Process: Step-By-Step – HUNT Mortgage

The San Francisco Chronicle is reporting that Tate George, a former New Jersey Nets guard and the CEO of purported real estate development firm The George Group, was indicted today on charges of running a $2 million Ponzi scheme that targeted ex-professional athletes.

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