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TRENTON, N.J. – Former NBA player and University of Connecticut star Tate George was sentenced Thursday to nine years in prison for running a real estate ponzi scheme. A federal judge in Trenton also ordered George to pay $2.5 million in restitution and serve three years of supervised release.
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It fell at one point more than 200 points and rose as high as 130 points. The S&P 500 finished down 0.8% and the Nasdaq Composite closed 1.5% lower – the worst day for the two indexes’ since August 23. Chief Executive Torbjorn Loof told Reuters that sales at stores open a year or more rose 1.2% and that online sales now.
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