"I would like to sincerely apologize to the court, my family, my peers and also the National Basketball Association. The goal of the conspiracy was to use my insider knowledge to make money from sports books."
"Jones acknowledged that his actions violated the NBA's code of conduct and the terms of service on sports betting websites, admitting to conspiring with others to defraud sports betting companies."
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 San Diego Union-Tribune
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