Former NBA players Malik Beasley, Edward Davis indicted for alleged sports gambling scheme
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Key Points:
- Former NBA players Malik Beasley and Edward Davis, along with sports agent Paolo Zamorano and three others, were indicted for allegedly participating in a sports gambling scheme involving bribery to manipulate Beasley's game performance.
- Prosecutors said the co-defendants used insider information from Beasley to place fraudulent bets worth hundreds of thousands of dollars on NBA games, resulting in many successful wagers.
- Specific instances include Beasley allegedly agreeing to underperform or overperform in rebounds and scoring during games against the Bucks, Cavaliers, Hornets, and Clippers, with Davis relaying this information to co-conspirators.
- Beasley's attorney emphasized that the indictment is not evidence and maintained his client's presumption of innocence throughout the investigation.
- U.S. Attorney Joseph Nocella condemned the scheme for undermining the integrity of professional basketball and exploiting insider information for illegal profit at the expense of legitimate sportsbooks and fans.
