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Full Court Press Stuffs Tate "The Shot" George With 9 Year Personal Foul
January 25, 2016It is 1990 and we're at the regional semi-finals of the NCAA Men's Division 1 Basketball Tournament : the Sweet 16. With only 1 second left -- yeah, 1 second -- Clemson leads the University of Connecticut 70 to 69. UConn's Scott Burrell throws an inbounds pass about the length of the court. Within the remaining second, UConn's Tate George grabs the ball in the corner, shoots from 15 feet out, the buzzer sounds, the ball arcs down, and swish! Game over! UConn pulls out an amazing win via what has become known as The Shot. It's an amazing moment in college basketball history. Watch and enjoy:
8. It was further part of the scheme and artifice to defraud that to induce potential investors to invest their money in The George Group, defendant C. TATE GEORGE would falsely represent to certain investors that their money would be used merely as "show money" - meaning that it would not be spent on real estate development or for any other purpose, but instead would be used to show that The George Group had sufficient assets to complete a real estate development deal - and would be maintained in an "escrow account" or "trust account" until returned to the investor with interest."
12. Contrary to defendant C.TATE GEORGE's representations, defendant C. TATE GEORGE did not use investors' monies to fund The George Group's real estate development business, as promised. Indeed, during the time period relevant to this Indictment, The George Group had virtually no income-generating operations at all. Instead of using investor money to fund real estate development projects, defendant C. TATE GEORGE used investor money primarily (a) to pay defendant C. TATE GEORGE's personal expenses - including funding home improvement projects on his personal residence and paying day-to-day living expenses, such as meals at restaurants, clothing, and gas - and, (b) to make principal and interest payments to existing investors.
- George's daughter's sixteenth birthday party,
- extensive renovations on his New Jersey home (that has since been foreclosed),
- the mortgage on a New Jersey home,
- the mortgage on a Florida home,
- taxes to the IRS, and
- traffic tickets.
But Off the
Court He Had A Few Temptations Copulations
Following a three-week
trial, after only four hours of deliberation, on September 30, 2013, a jury
convicted George on all four counts.
On January 21, 2015,
George was sentenced to 108 months in federal prison plus three years of
supervised release. Additionally, he was ordered to pay $2.55 million in restitution
to 17 victims (including one corporation) and the Court also entered a $2.55
million forfeiture money judgment. As
noted in "Former
NBA Player And CEO Of The George Group Sentenced To Nine Years In Prison For
Role In A $2 Million Ponzi Scheme" (Press Release,
United States Attorney's Office, 16-027, January 21, 2016)"
During the sentencing proceeding, prosecutors asserted George had presented the court with fraudulent character witness letters. The defendant claimed the letters, which contained suspicious similarities, were sent to the court in support of a more lenient sentence. Some of the individuals who purportedly sent the letters signed declarations stating that they did not write the letters nor did they authorize the letters to be sent to the court on their behalf.READ the Criminal Complaint READ the Indictment