VegasInsider.com
VI Mobile Scores and Betting OddsVI Mobile Scores and Betting Odds Be Social
Home
NFL
NBA
NHL
MLB
NCAA FB
NCAA BK
Golf
Auto
Horses
Boxing/MMA
Fantasy Sports
More
Betting Tools

 
Fraud sentencing for George delayed

TRENTON, N.J. (AP) - Sentencing for a former NBA player convicted of ripping off investors in a Ponzi scheme was postponed Wednesday as attorneys for each side squabbled over how much money his victims lost.

Advertisement
Tate George was scheduled to be sentenced in federal court in Trenton, but after a status conference between attorneys and U.S. District Judge Mary Cooper, the sentencing was pushed back to Aug. 19-20 to allow for more time to decide the monetary issue.

George, a former UConn star who later played for the New Jersey Nets and Milwaukee Bucks, is best remembered for a buzzer-beating shot in the NCAA Tournament in a 1990 game against Clemson.

George didn't attend the hearing. He has been held in jail in New Jersey since his conviction last fall on four wire fraud counts.

The U.S. attorney's office said George operated a Ponzi scheme by persuading victims, including other pro athletes, to invest in a purported real estate opportunity.

Instead of purchasing the real estate he'd touted, prosecutors said, George used the money to pay off earlier investors and to cover personal expenses.

Wire fraud carries a maximum 20-year sentence, though defendants rarely receive the maximum. Since George had no previous criminal history, his sentence under federal guidelines will depend largely on the total monetary loss to his victims, George's attorney, David Schafer, said Wednesday.

That figure has been estimated at about $2 million, but Schafer said the government is claiming a higher figure based on more victims than the seven who testified at trial. He said he is seeking a sentence of three to four years, while the government is pushing for about nine years.

The U.S. attorney's office, through a spokeswoman, declined to comment on what sentence it was seeking.

''Mr. George had a consulting and development business over many years,'' Schafer said. ''The government is basically going back and seeing who is claiming to be a victim.''

Among the witnesses testifying for the prosecution at George's trial were Detroit Pistons forward Charlie Villanueva and ''The Apprentice'' winner Randal Pinkett.

George's victims will have the opportunity to testify at his sentencing. Schafer said he expects George to speak as well.

---

Follow David Porter at www.twitter.com/DavidPorter-AP

Copyright 2017 by STATS LLC and Associated Press.
Any commercial use or distribution without the express written
consent of STATS LLC and Associated Press is strictly prohibited.

  
HEADLINES
Mejia: East conference odds update
Mejia: West conference odds update
News: Kyrie, Carmelo Future Props
News: 2017-18 Win Totals
Cavaliers execs reject Irving trade talk
Wizards announce extension for Wall
Suns sign restricted big man Williams
L.A. Lakers re-sign guard Tyler Ennis
LeBron James denies Irving trade claims
MORE HEADLINES
 
Why Buy Picks From VegasInsider.com
NBA Pro Basketball Expert Handicapper Sports Picks Records
VegasInsider.com Gold Membership
2016 NBA SEASON PICK RECORDS
Money Leaders
Handicapper Money
NeiltheGreek + 3058
Alex Smart + 3019
Stephen Nover + 1413
Last 7 Day Leaders
Handicapper Money
No Games Last 7 Days  
   
   
Percentage Leaders
Handicapper Pct
Jim Feist 56 %
Alex Smart 55 %
Stephen Nover 55 %
Guaranteed Leaders
Handicapper Money
Alex Smart + 3478
ASA + 2054
The Gold Sheet + 2021
Over-Under Leaders
Handicapper Money
NeiltheGreek + 2873
Bill Marzano + 1936
Paul Bovi + 1015
Member Leaders
Handicapper Money
Bruce Marshall + 1596
Kevin Rogers + 1511
Gary Bart + 1104
MORE PICK RECORDS
  
corner graphic
With a VI Gold Membership, you can SAVE 10% off a Live Odds subscription, SAVE 20% off Daily Pick packages, and receive access to up to 1,000 Member Plays each month!
VI Gold Membership