Former NBA players Malik Beasley and Ed Davis have been indicted in a federal sports-betting case that prosecutors say involved inside information, player prop bets and alleged manipulation of Beasley’s own NBA performance.
The U.S. Attorney’s Office for the Eastern District of New York announced Monday that Beasley, Davis, current NBA player agent Paolo Zamorano and three other defendants were charged with wire fraud conspiracy, bribery in sporting contests, honest services wire fraud conspiracy and money laundering conspiracy.
Federal prosecutors said the defendants allegedly used non-public information about Beasley’s planned performance to place fraudulent wagers worth hundreds of thousands of dollars.
The charges are allegations. Prosecutors said all defendants are presumed innocent unless and until proven guilty.
The indictment alleges that Beasley, then playing for the Milwaukee Bucks, agreed with Davis before certain 2024 games that he would underperform or overperform in specific statistical categories. Prosecutors said Davis then passed that non-public information to other alleged co-conspirators so they could place bets tied to Beasley’s player props.