News Brief

Ex-NBA player Tate George’s Trump entanglement

A real estate investment deal gone wrong

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There’s no question that the name Trump has a certain allure in real estate circles. But it is that brand that got a former NBA basketball into deep trouble. Tate George, a 6-foot-5 guard who was the 22nd draft pick (by the New Jersey Nets) in the first round of the 1990 draft, thought a couple of guys he met were Trump proteges. So when they presented him with what was described as a “can’t-miss” opportunity, he not only jumped at the chance, he persuaded several of his pro basketball buddies and others to invest with him. Trump posers? The deal eventually went south. George’s investors demanded their money back, and he was sent to prison for running a real estate Ponzi scheme. Now, from his prison cell at Fort Dix in Trenton, New Jersey, where he is serving a nine-year sentence, George is suing the two defendants to recoup the thousands he and his investors poured into what he says was portrayed to him as a Trump-associated real estate development. The Trump O...