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

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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 Tate George was sentenced Thursday to nine years in prison for orchestrating a Ponzi scheme for more than $2 million, the New Jersey U.S. Attorney’s Office confirms to PEOPLE.

Former NBA Player’s Nine-Year Prison Sentence Affirmed for Role in a $2 Million Ponzi Scheme Former NBA player may get 9 years in prison, sentencing postponed June 19, 2014 19:52 Views: 117 Fraud sentencing for former NBA player Tate George has been postponed until August 19-20, while he was scheduled to be sentenced in federal court in Trenton, NJ.

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