NBA Coach Chauncey Billups, Player Terry Rozier Arrested In Federal Gambling Probe

Benzinga

Over 30 people, including NBA coach Chauncey Billups and player Terry Rozier, were arrested in a federal sports gambling probe linked to organized crime families. Both face fraud and money laundering charges as the NBA investigates.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02More than 30 people, including Portland Trailblazers head coach Chauncey Billups,

00:06Miami Heat guard Terry Rozier, were arrested Thursday at a federal probe into sports gambling.

00:11The investigation also uncovered rigged poker games allegedly tied to the Bonanno, Gambino,

00:15and Genovese crime families, according to CNBC.

00:18The indictments detail a nationwide scheme using high-tech cheating devices

00:22to steal millions through fixed underground poker games and insider sports betting.

00:26Billups faces wire fraud and money laundering conspiracy charges,

00:30while Rozier is charged with conspiracy to commit wire fraud and money laundering.

00:34NBA placed Billups and Rozier on immediate leave instead of just cooperating with authorities,

00:38emphasizing that game integrity is its top priority.

00:41For all things money, visit Benzinga.com.

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