"Billups, 49, appeared at the U.S. District Court for the Eastern District of New York to plead not guilty to charges of wire fraud conspiracy and money laundering conspiracy. He is one a group of 31 defendants that includes current and former NBA players and reputed organized crime associates accused of running insider betting and illegal gambling operations with tentacles reaching into high-stakes poker games and professional basketball games, prosecutors allege."
"After entering his pleas before U.S. District Judge Ramon Reyes, Billups, who has been placed on leave while his case was pending, was released on a $5 million bond signed by his wife and his daughter, with his Colorado home put up as collateral. Reyes ordered Billups, who appeared in court with a salt-and-pepper chinstrap beard and wearing a dark gray suit, to report to authorities any transactions exceeding $25,000, except for his legal fees."
Portland Trail Blazers head coach Chauncey Billups pleaded not guilty to federal counts of wire fraud conspiracy and money laundering conspiracy in the Eastern District of New York. He is one of 31 defendants accused of operating insider betting and illegal gambling rings tied to high-stakes poker and professional basketball. Billups was released on a $5 million bond co-signed by his wife and daughter, with his Colorado home as collateral, and must report transactions over $25,000 except legal fees. He was placed on leave from the Trail Blazers and faces up to 20 years in prison if convicted. His next court appearance is scheduled for March.
Read at www.amny.com
Unable to calculate read time
Collection
[
|
...
]