U-Conned: Charlie Villanueva testified Husky legend, alleged Ponzi schemer Tate George defrauded $250k
Sep 18, 2013, 11:09 AM EDT
Tate George made one of the most important shots in UConn history, a highlight that has been played over and over again during all NCAA tournaments.
With just one second left on the clock in a 1990 Sweet 16 matchup with Clemson, George caught a pass that was thrown the length of the floor and hit a turn-around jumper for a buzzer-beating, 71-70 win. You’ve seen the play before. If you’re a UConn fan, you know the name Tate George.
Unfortunately, life for George has taken a turn for the worse. Two years ago, George turned himself in to federal authorities on charges that he ran a Ponzi scheme that netted him more than $2 million for fake real estate deals. He faces five counts of wire fraud, each carrying with it a maximum sentence of 20 years.
To make matters worse, one of the people that George conned out of money was another Husky alum, Charlie Villanueva. Villanueva had just signed a $30 million deal with the Pistons, and as a way to give back to the Connecticut community, he invested $250,000 with George in a project he believed would help develop a rundown area in Bridgeport. The Trentonian has the details:
George didn’t send a key letter to the home of Detroit Piston Charlie Villanueva in Rochester, Michigan, testimony revealed. The papers saying the pro baller’s $250,000 could be used any way George wanted instead were mistakenly sent to Rochester, Minn.
Villanueva wasn’t the only former NBA player that George conned out of a six figure investment. He also tricked Brevin Knight out of $300,000 that was supposed to be used to buy a home in New Jersey. George instead used the money to pay off investors from prior deals.
- Wisconsin’s Bo Ryan makes another statement wavering on potential retirement 0
- Cody Zeller, Indiana president speak out against recent athlete legal issues 0
- Five-star 2016 combo guard cuts list to four 0
- Xavier, Mount St. Joseph to launch the ‘Lauren Hill Tip-Off Classic’ 0
- Tai Wynyard: ‘I will be coming to UK in December’ 0
- Tom Izzo, 30 second shot clocks, and why zone presses will be more popular this year 1
- Kentucky lands a commitment from four-star 2016 forward 0
- Blue Ribbon announces their preseason all-american team (3)
- Syracuse legend to undergo surgery on a brain tumor this week (2)
- Wake Forest dismissed senior point guard for rules violation (1)
- Is Louisville’s non-conference schedule weak by design? (1)
- 10 year old Ohio State fan worried heart surgery would make him love Michigan (1)