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Tate George convicted of fraud

Updated: September 30, 2013, 7:37 PM ET
Associated Press

TRENTON, N.J. -- A former NBA player best known for his 1990 tournament buzzer-beater for the University of Connecticut was convicted Monday of four counts of federal wire fraud in a Ponzi scheme that netted him $2 million.

Authorities said Tate George carried out a profitable scheme that lined his pockets from 2005 to early 2011, even though his purported real estate development firm -- The George Group -- had virtually no income-generating operation.

Prosecutors say he used money ...

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