DOWNTOWN BROOKLYN — AN INDICTMENT WAS UNSEALED Thursday at the federal courthouse in Brooklyn charging six defendants with wire fraud conspiracy and money laundering conspiracy for their alleged roles in a scheme to use inside information from National Basketball Association (NBA) players and coaches to profit from illegal betting activity.
“As alleged, the defendants turned professional basketball into a criminal betting operation, using private locker rooms and medical information to enrich themselves and cheat legitimate sportsbooks,” U.S. Attorney Nocella said in a statement. “This was a sophisticated conspiracy involving athletes, coaches, and intermediaries who exploited confidential information for profit.” The NYC Police Department worked with the FBI and the U.S. Attorney’s Off