Former Penn Hoopster Gets Prison for Financial Fraud

Tyrone Gilliams sentenced to 10 years.

The Daily Pennsylvanian reports: “Former Penn basketball player Tyrone Gilliams was sentenced Thursday in New York by a federal judge to 10 years in prison for wire fraud schemes where he stole $5 million. On Thursday in New York, a federal judge sentenced the Ivy Leaguer after being arrested on Oct. 5, 2011. In addition to the 10-year jail sentence, Gilliams was also ordered to pay $5 million back to his accusers and forfeit five million more.” Gilliams was at Penn from 1988-1990.