Two former NBA players have been indicted in the federal gambling probe that led to the arrests of Terry Rozier, Chauncey Billups, and Damon Jones, among others.
On Monday, Malik Beasley, a nine-year NBA veteran, was indicted as part of the probe. Steve Haney, Beasley’s attorney, told ESPN that his client is coordinating a voluntary surrender with the government this week.
Ed Davis, a 12-year NBA veteran who starred at North Carolina, was also indicted along with his agent, Paolo Zamorano. Davis and Beasley previously played together on the Timberwolves during the 2020–21 season. Prosecutors allege Beasley, despite making nearly $60 million in career earnings, owed millions of dollars in gambling debts and received loans from Davis to help pay them off.
Both Beasley and Davis were charged with conspiracy to commit wire fraud and money laundering among four total charges.
“These defendants allegedly operated an illegal betting ring in an attempt to unlawfully earn hundreds of thousands of dollars,” Joseph Nocella Jr., United States Attorney for the Eastern District of New York, said in a press release. “As alleged, Malik Beasley allowed himself to be bought and altered his gametime performance to line pockets of Ed Davis and his other co- conspirators. The FBI continues to dismantle fraudulent schemes that erode the integrity of any institution, including our nation’s professional sports leagues.”
