Indictment in Federal Gambling Case Involves Former NBA Players

On Monday, four individuals, including ex-NBA players Malik Beasley and Ed Davis, were indicted in a federal gambling investigation.

Beasley’s attorney remarked, “An indictment is not proof or evidence of guilt; it merely indicates probable cause.” He added that despite the year-and-a-half-long investigation, they firmly believe in Beasley’s innocence regarding all allegations.

Beasley, who experienced significant gambling losses—reportedly millions—during his nine-year tenure in the NBA with teams like the Denver Nuggets, Minnesota Timberwolves, and Los Angeles Lakers, is currently playing for Cangrejeros de Santurce in Puerto Rico’s Pan-American League.

The charges suggest that Beasley manipulated game statistics for at least four matches alongside Davis, who allegedly collaborated with others to place bets on Beasley’s performance. In exchange, Beasley is said to have accepted bribes from his associates to address his debts owed to Davis.

The indictment outlines wagers exceeding $75,000, with net winnings of at least $121,000, based on an analysis by ESPN.

During the 2020-21 season, Beasley and Davis were teammates on the Timberwolves. Reports indicate that the plots began forming in 2023 when Davis encouraged Beasley via text, saying, “The only way to beat Vegas is sports betting.” Beasley’s response was somewhat uncertain: “I’m trying to figure out what’s next.” Davis then suggested they communicate on Snapchat, which has since been discontinued, assuring Beasley that he could “make some decent money.”

The investigation became public last June, coinciding with Beasley’s negotiations for a new $42 million contract with the Detroit Pistons. Over his NBA career, Beasley has amassed around $60 million in earnings.

In a statement to ESPN, the National Basketball Players Association acknowledged the situation and emphasized their commitment to upholding due process and the integrity of the game.

Historically, the NBA has been working to prevent players from engaging in gambling, particularly since the Supreme Court’s decision in 2018, which legalized sports betting throughout the country.

James C. Barnacle Jr., an FBI Assistant Director, stated that the bureau will keep striving to dismantle fraudulent activities that jeopardize the integrity of professional sports leagues.