College career and prior NBA

George is best remembered for his miraculous buzzer-beating shot to defeat Clemson in the 1990 NCAA Tournament. With only one second left in the game and UConn down by 1 point, Scott Burrell threw a full court pass to George. George caught the pass, spun around and released a 15-footer with 1 second on the clock. The shot fell through as time expired, and UConn won the game.

George was a member of the Quad City Thunder CBA Championship Team in 1993-94, with George averaging 16.4 per game. The Thunder defeated Omaha 4-1 in the finals, winning last three on road to claim the title. The Thunder won the opener in double overtime after George tied the game with last-second buckets at both the end of regulation and of the first overtime. The Thunder then lost the second game in triple overtime, but won three straight in Omaha, the last in OT.

Ponzi scheme

George founded The George Group, a real estate development firm based in West Orange, New Jersey.

On September 23, 2011, George surrendered to authorities on fraud charges related to his alleged operation of a Ponzi scheme while CEO of The George Group.

On September 30, 2013, George was found guilty on four counts of federal wire fraud. Each count carries a penalty of up to 20 years in prison and a $250,000 fine. His bail was immediately revoked, and was scheduled to be sentenced January 16, 2014. Sentencing has since been delayed to May 2014.

On January 21, 2016, in New Jersey federal court, George was sentenced to nine years in prison for his involvement in the aforementioned Ponzi scheme. Upon his release he is ordered to pay $2.5 million in restitution. He will also be on three years of supervised release after serving his sentence.

On April 14, 2016, The Real Deal magazine released information that the Bayrock Group, namely former employee Michael Chudi Ejekam, was heavily involved with residential real estate deals, partnering with George on several occasions. Ejekam, along with former Bayrock CFO Jody Kriss, are currently plaintiffs in a $1 billion extortion lawsuit against such prominent figures as Donald Trump and Todd Kaminsky.

[ Source: Wikipedia ]