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Tate George, best known for his game-winning shot in college, saw his early success in basketball take a dark turn into the world of fraudulent real estate investments. After his playing days ended, George founded a company that purported to manage vast assets worth over $500 million.
However, George's operation was not what it seemed. He manipulated investors into thinking they were backing real estate ventures, only for their funds to be used to pay off earlier investors in a classic Ponzi scheme. This intricate fraud ultimately collapsed, leading to George's arrest. In 2023, he was sentenced to nine years in prison for his pyramid scheme-like operation.