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NBA guard Malik Beasley and former forward Ed Davis have been indicted on multiple gambling charges by federal prosecutors, stemming from a game-manipulation scheme.
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Key Takeaways
Malik Beasley allegedly conspired with former NBA player Ed Davis to manipulate at least three games.
The co-defendants will be arraigned at a later date.
This is one of multiple NBA betting schemes.
Beasley, Davis, and four co-conspirators, including NBA agent Paolo Zamorano, were charged in a Brooklyn federal court with fraud conspiracy, bribery in sporting contests, honest services wire fraud conspiracy, and money laundering conspiracy, the U.S. Attorney for the Eastern District of New York and the FBI announced on Monday.
Several defendants were arrested on Monday and will be arraigned at a later date.
Beasley is accused of agreeing with Davis to purposely underperform or overperform in NBA games so a group of bettors, including Zamorano, William Brown, Robert Gorodetsky, Ernesto Plascencia, and other co-conspirators, could wager on his player props using non-public information to profit from the scheme.
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Major profits
Federal prosecutors allege that bettors made hundreds of thousands of dollars from the NBA scheme. If convicted, Beasley and his co-defendants face 20 years in prison for the wire fraud, 20 years for money laundering, and another five years for bribery.
“As alleged, the defendants turned professional basketball into a criminal betting operation, bribing then-NBA player Malik Beasley to fix his performance in multiple games in order to place fraudulent wagers, enrich themselves and cheat legitimate sportsbooks,” United States Attorney Joseph Nocella Jr. said in a statement.
“Bribery and insider betting schemes like this one involving former NBA players and a current NBA player agent who exploited inside NBA information for profit erode the integrity of American sports and victimize the sports-watching public.”
Game manipulation
Beasley agreed to manipulate at least three games during the 2023-2024…
Source link : https://sports.yahoo.com/articles/nba-players-malik-beasley-ed-160400698.html
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Publish date : 2026-06-29 16:04:00
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