"Damon Jones acknowledged that he conspired with others to defraud sports betting companies by using insider information that he obtained as a result of his relationships as a former player."
"The goal of the conspiracy, which ran from December 2022 to March 2024, was to use his insider knowledge to make money from sports books."
"Jones is due to be sentenced on 6 January 2027, with sentencing guidelines calling for a punishment of up to 27 months in prison."
"Under the conditions of his bail, he can't gamble or be involved with organized crime figures and must get court approval for bank transfers over $10,000."
Damon Jones, a former NBA player, pleaded guilty to conspiracy to commit wire fraud related to a gambling scheme. He admitted to using insider information about NBA injuries to defraud sports betting companies. The conspiracy lasted from December 2022 to March 2024. Jones acknowledged violating the NBA's code of conduct and sports betting terms. He faces sentencing on January 6, 2027, with potential prison time of up to 27 months and has agreed to forfeit $35,000. He is also charged with profiting from rigged poker games.
Read at www.theguardian.com
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