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Former NBA player and University of Connecticut star Tate George was sentenced in a New Jersey federal court Thursday to nine years in prison for running a real estate Ponzi scheme.
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Read More »Former Bucks player Tate George faces sentencing in fraud case (UPDATE)
A former NBA player convicted of fraud in what federal prosecutors say was a real estate Ponzi scheme that swindled other current and former players acted as his own attorney Wednesday as he sought to make his case for a lighter sentence.
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Read More »Investors sue BMO over Petters’ Ponzi scheme (UPDATE)
BMO Financial Group is facing four federal lawsuits filed by investor groups that claim a bank it acquired in 2011 was complicit in a $3.7 billion Ponzi scheme by a Minnesota man.
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Read More »Judge denies former NBA player’s fraud appeal
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.
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Read More »Former Milwaukee Buck to argue for conviction reversal
A former NBA player convicted in a real estate Ponzi scheme is due in court to argue for a new trial.
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Read More »Bail denied for convicted former NBA player George
A former NBA player convicted in a real estate Ponzi scheme has been denied bail by a federal judge in New Jersey.
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Read More »Former Bucks player’s fraud sentencing delayed (UPDATE)
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.
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Read More »Cedarburg man sentenced to 36 months in prison for Ponzi scheme (UPDATE)
A Cedarburg man was sentenced Tuesday to 36 months in prison for defrauding investors of nearly $3 million in a Ponzi scheme. Eric Schmickle, 38, was sentenced in U.S. District Court in Milwaukee. Schmickle’s sentence, handed down by U.S. District ...
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Read More »Cedarburg man to pay $30 million in Ponzi scheme, faces federal sentence next week
A Cedarburg man who defrauded two Illinois lawyers in a three-year investment scheme must pay them $30 million in punitive damages, a Polk County, Mo., jury decided Tuesday.
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Read More »Petters bankruptcy case trustee sues former Milwaukee-based M&I Bank
The bankruptcy trustee recovering money for victims of the Ponzi scheme operated by imprisoned Minnesota businessman Tom Petters is suing BMO Harris Bank, accusing it as the owner of M&I Bank of aiding and abetting the fraud.
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Read More »Former NBA player charged in NJ Ponzi scheme (UPDATE)
By SAMANTHA HENRY Associated Press NEWARK, N.J. (AP) — Tate George, who hit one of the most memorable shots in UConn basketball history and then went on to a brief NBA career, surrendered to federal authorities in New Jersey on ...
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