Tate George charged in Jersey scheme

Updated: September 23, 2011, 5:32 PM ET
Associated Press

NEWARK, N.J. -- Tate George, who hit one of the most memorable shots in UConn basketball history and then went on to a brief NBA career, surrendered to federal authorities in New Jersey on Friday to face charges stemming from what prosecutors say was a Ponzi scheme.

George used his company, which he purported to be a real estate investment firm, to run a more than $2 million scam, prosecutors said.

George's attorney, Thomas Ashley, said his client was innocent of the charges and planned ...

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