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Basketball player Terry Rozier told a friend in 2023 that he planned to take himself out of a game early with a minor injury. The friend, Deniro Laster, used the tip to place more than $200,000 in bets predicting Rozier would fall short of his usual point total.

By the next morning, prosecutors say, the two men were counting their winnings together in Rozier’s home. The Charlotte Hornets guard at the time played just nine minutes against the New Orleans Pelicans and checked out.That incident, described in a federal indictment unsealed on Thursday in Brooklyn, now sits at the center of one of the most sweeping sports gambling cases ever brought by the US Justice Department — one that stretches from locker rooms to underground poker clubs controlled by New York’s biggest mafia families.

Rozier, now with the Miami Heat, and Portland Trail Blazers head coach Chauncey Billups were arrested Thursday morning and charged as part of two separate criminal schemes related to illegal sports betting, federal prosecutors said.

Soon after the arrests, Rozier and Billups were placed on immediate leave from their teams.FBI Director Kash Patel and Brooklyn federal prosecutors said at least 30 people were arrested across 11 states, including current and former National Basketball Association players and coaches.

Today's show features:

Bloomberg News Senior Reporter Myles Miller and Global Business of Sports Reporter Ira Boudwayon the FBI’s sprawling sports gambling probe involving current and former NBA players and coaches
Alli McCartney, Managing Director of Wealth Management with Alignment Partners at UBS, on whether the equities market can sustain recent gains
Bloomberg Businessweek Senior Reporter Max Chafkin on Elon Musk continuing his $1 trillion pay package push
Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners, breaks down Intel’s latest earnings report

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FBI Arrests NBA Players, Coaches in Sports Gambling Probes

Bloomberg Businessweek