On September 30, 2013, George was found guilty on four counts of federal wire fraud. Each count carries a penalty of up to 20 years in prison and a $250,000 fine. His bail was immediately revoked, and was scheduled to be sentenced January 16, 2014. On January 21, 2016, in New Jersey federal court, George was sentenced to nine years in prison for his involvement in the aforementioned Ponzi scheme. Upon his release he is ordered to pay $2.5 million in restitution. He will also be on three years of supervised release after serving his sentence.http://www.naplesnews.com/sports/nba/nba-ex-player-tate-george-back-in-court-for-fraud-sentencing-jmgurnpublicidaporg96acf7577a7446ba8da4-365911691.html
