"I acknowledged that I conspired with others to defraud sports betting companies by using insider information that I obtained as a result of my relationships as a former player."
"The goal of the conspiracy was to use my insider knowledge to make money from sports books, violating the NBA's code of conduct and terms of service on sports betting websites."
"Jones is due to be sentenced Jan. 6 before Judge LaShann DeArcy Hall, with sentencing guidelines calling for a punishment of 21-27 months in prison."
Damon Jones, a former NBA player, pleaded guilty to conspiracy to commit wire fraud in a gambling case. He admitted to using insider information from his NBA career to defraud sports betting companies. The conspiracy lasted from December 2022 to March 2024, involving nonpublic information about NBA players' injuries. Jones faces sentencing on January 6, with guidelines suggesting 21-27 months in prison. He also agreed to forfeit $35,000 and is separately charged with profiting from rigged poker games.
Read at Orlando Sentinel
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