Indictment Alleges Bribery and Inside-Betting Scheme Tied to NBA Games

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Source: Department of Justice (.gov)
Indictment Alleges Bribery and Inside-Betting Scheme Tied to NBA Games
Photo: Department of Justice (.gov)
TL;DR

A Brooklyn federal indictment charges six individuals, including former NBA players Malik Beasley and Edward Davis and a current NBA player agent, with wire fraud conspiracy, bribery in sporting contests, honest services wire fraud conspiracy, and money laundering conspiracy for a scheme to fix Beasley’s performance and use non-public information to place fraudulent bets, detailing three games (Jan 26, Feb 27, and Mar 10, 2024) and alleging hundreds of thousands of dollars in wagers; if convicted, defendants face up to 20 years on wire fraud and money laundering counts and up to 5 years on bribery.

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