Former NBA guard Malik Beasley has been indicted on federal charges stemming from an alleged sports betting scheme.Prosecutors say he intentionally altered his performance in games to benefit bettors.A federal grand jury in the Eastern District of New York returned the indictment on June 24, charging Beasley, former NBA player Ed Davis, current player agent Paolo Zamorano and three other men with conspiracy to commit wire fraud, sports bribery, honest services wire fraud conspiracy and conspiracy to commit money laundering.CLICK HERE FOR MORE OUTKICK SPORTS COVERAGEMalik Beasley of the Detroit Pistons plays in Game Five of the Eastern Conference First Round NBA Playoffs against the New York Knicks at Madison Square Garden in New York City on April 29, 2025.
(Sarah Stier/Getty Images)According to the indictment, Beasley and the others allegedly participated in a scheme between December 2023 and April 2024 that involved using inside information about Beasley's intended performances to place profitable wagers.Beasley played for the Milwaukee Bucks at the time."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," U.S.
Attorney Joseph Nocella Jr.said.PISTONS' MALIK BEASLEY FACES FEDERAL PROBE OVER GAMBLING ALLEGATIONS: REPORTThe indictment details several Bucks games that prosecutors say were manipulated.Ahead of a Jan.
26, 2024, game against the Cleveland Cavaliers, prosecutors allege Beasley told Davis he planned to underperform in rebounds.Co-conspirators then allegedly placed thousands of dollars in wagers on Beasley's "under rebounds" prop bet.
Beasley finished with 3 rebounds, one fewer than the betting line.Ed Davis of the Cleveland Cavaliers prepares to shoot a free throw during a game against the Washington Wizards at Capital One Arena in Washington, D.C., on Dec.30, 2021.
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