NBA free agent Malik Beasley is the focus of a federal investigation related to gambling, prop bets, and wire fraud, prompting the Detroit Pistons to retract a $42 million contract offer. Beasley's financial troubles have been exacerbated by various lawsuits against him, including a significant $5.8 million judgment from South River Capital and a $2.25 million lawsuit from Hazan Sports Management. Additional judgments totaling over $80,000 have been awarded against him, with ongoing financial obligations including unpaid rent to a high-rise apartment building. His current situation is worsened by recent decisions made by the Pistons to fill their roster needs.
Malik Beasley is facing a federal investigation involving gambling, prop bets, and wire fraud, leading to the Detroit Pistons withdrawing a $42 million contract offer.
Beasley has multiple lawsuits against him, including a $5.8 million judgment by South River Capital, a $2.25 million lawsuit by Hazan Sports Management, and additional judgments totaling over $80,000.
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