U-Conned: Charlie Villanueva testified Husky legend, alleged Ponzi schemer Tate George defrauded $250k
Sep 18, 2013, 11:09 AM EST
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.
- Markus Kennedy cleared to play immediately for SMU 0
- Weekend Preview: A loaded Saturday slate highlights the weekend 4
- Rebounding, foul shooting help No. 2 Duke make up for 19 turnovers in win over UConn 0
- Michigan State starting forward to miss next two games with non-displaced wrist fracture 0
- Film Session: What’s plaguing Marcus Paige? 1
- Throwback Thursday: UConn ‘Shocks The World’ against Duke (VIDEO) 1
- New Year’s Resolutions: Virginia Cavaliers 1
- Gregg Marshall writes to Wichita State students after seeing empty seats in student section (PHOTO) (7)
- Report: David Robinson’s son will be preferred walk-on at Duke in 2015-16 (VIDEO) (6)
- West Virginia’s Bob Huggins torches Marshall after coach calls Huggs ‘afraid’ (5)
- Without Alex Poythress, No. 1 Kentucky’s offense looks comfortable in win over No. 21 North Carolina (4)
- Lauren Hill’s playing career over, to become honorary coach (4)