Former NBA player Tate George to be sentenced for Ponzi scheme
JUN 18, 2014 1:24a ET
A former NBA player known for a buzzer-beating shot in the NCAA Tournament more than 20 years ago faces sentencing in New Jersey.
A federal jury convicted Tate George on four counts of wire fraud last fall. Each count carries a maximum 20-year prison sentence.
Prosecutors say George got investors -- including other pro athletes -- to put money into what they thought was a real estate investment opportunity.
The US attorney's office says George didn't invest in real estate but ran a Ponzi scheme by using the money to pay back other investors and for personal expenses.