TRENTON, N.J. (AP) — A former NBA player convicted of running a real estate Ponzi scheme will have to wait to find out his sentence.
Tate George spent two days in federal court in Trenton last week sparring with government prosecutors over how much money his victims lost. He’s due back on Dec. 29.
George has been jailed in Monmouth County since his 2013 conviction on four counts of wire fraud.
Wire fraud carries a 20-year maximum sentence, but George currently faces up to nine years under federal guidelines.
That could change depending on how a judge rules on the amount of loss by the victims.
George contends his real estate projects were legitimate and he didn’t mislead anyone.
George starred for UConn and played for the NBA’s Milwaukee Bucks and New Jersey Nets.