TLDR Malik Beasley pleaded not guilty to four federal charges tied to an alleged prop-bet rigging scheme. He was released on $100,000 bond and must return to court on Aug. 6. Ed Davis is accused of acting as a “gatekeeper” between Beasley and the betting ring. Damon Jones was named as a co-conspirator in a separate filing tied to the case. Prosecutors say the group wagered hundreds of thousands of dollars, including one bet that won $121,000.
Former NBA guard Malik Beasley pleaded not guilty on Wednesday to four federal charges. The charges stem from an indictment filed in the Eastern District of New York.
Prosecutors allege Beasley conspired with a group of gamblers. They say the plan involved rigging player prop bets during four games in the 2023-24 season.
Beasley was released on $100,000 bond. He must appear again at the federal courthouse in Brooklyn on Aug. 6.
At the time of the alleged scheme, Beasley played for the Milwaukee Bucks. He faces charges of sports bribery, conspiracy to commit wire fraud, honest services fraud, and conspiracy to commit money laundering.
Ed Davis Named as Alleged Gatekeeper
Ed Davis was Beasley’s teammate on the Minnesota Timberwolves during the 2020-21 season. He is one of six people charged in the case.
Federal prosecutors describe Davis as the “gatekeeper” to Beasley. They allege Beasley took bribes in exchange for manipulating his points and rebounds numbers.
Some of that money allegedly went toward paying off loans from Davis. Prosecutors say those loans covered gambling debts that reached into the millions over Davis’s nine-year NBA career.
Paolo Zamorano, a registered NBA Players Association agent, was also arraigned Wednesday. He pleaded not guilty and was released on the same bond terms as Beasley.
U.S. Attorney Joseph Nocella Jr. commented on the