The FBI has arrested 31 individuals, including NBA player Terry Rozier and Portland Trail Blazers coach Chauncey Billups, in connection with a major gambling scandal involving insider trading and underground poker cheating. The operation, which spanned 11 states, involved millions in fraudulent activities with illicit funds laundered through cryptocurrencies. The investigation, which began in 2019, uncovered over 3,000 audio recordings.
Among those arrested were 13 members of New York's major mafia families. The scandal is divided into two schemes: insider trading in sports betting and underground poker cheating using advanced technology. Prominent crypto figure Dr. Hash was defrauded of $4 million in the poker scheme. Rozier and Billups have denied the charges and were released on high bail. The FBI described this as the first large-scale infiltration of legal sports betting by organized crime.
FBI Arrests 31 in NBA Gambling Scandal Involving Crypto Laundering
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