Home Chauncey Billups released on $5M bond as he pleads not guilty

Chauncey Billups released on $5M bond as he pleads not guilty

Portland Trail Blazers head coach Chauncey Billups has pleaded not guilty and has been released on a $5 million bond in the betting case that has dominated sports headlines.

The NBA Hall of Famer has denied allegations that he was involved in or knew of the inner workings of an alleged card game crime syndicate.

He and thirty-one other defendants in the case were appearing in Brooklyn Federal Court, which was the stuff of Hollywood mafia and high-tech movie plots.

Billup’s legal representation submitted the bond application to U.S. District Judge Ramon Reye. He and his defense team deny his involvement in the betting and poker scam, which has resulted in charges of money laundering and fraud against the former star.

Billups released on $5M bond

We covered the initial rumours swirling around the alleged trio of NBA stars, including Billups, former Raptors player Damon Jones, and active Miami Heat shooter Terry Rozier.

Billups and Rozier have been suspended without pay as a result, and the NBA Players’ Association has challenged the suspensions.

A spokesperson told NBC, “While we are in agreement with the league that upholding the integrity of the game is of the utmost importance, their decision to place Terry on leave without pay is counter to the presumption of innocence and inconsistent with the terms of our Collective Bargaining Agreement.”

Then the FBI, in a blockbuster announcement, detailed the games involved in the scheme and the central mafia figures who allegedly orchestrated the poker plot.

Two New York locations were, according to the federal media brief, used to entice high roller players into card games for millions of dollars.

What these participants were unaware of was a finely tuned technological plot to strip them of their fortunes.

Advanced card-reading facilities, altered shuffling machines, and hidden wireless technology were used to reveal the winning hand via cell phone and filtered through a role titled “Quarterback.”

Where the NBA stars come into focus in the scheme was a two-fold approach that involved these Casino Royale-esque wagers and a supposed abuse of NBA betting rules for active players and managers.

NBA betting scandal

According to the FBI, NBA players were used as “Face Cards” to legitimize and entice fellow sporting professionals into card game environments.

What is not known is the link between these individuals, such as Billups, Jones, and Rozier, and the depth of the supposed parlay and prop betting investigations that are also ongoing.

The FBI alleges that Jones, Billups, and Rozier, who had insider knowledge of specific matters such as injury status, attempted to disclose these confidential matters to connections who aimed to profit from that NBA insider knowledge.

The severity of these instances has prompted NBA Commissioner Adam Silver to attend and report to Congress on the progress and the league’s internal investigations.

“This investigation exposed a gambling ring built around the NBA, where players and associates allegedly used inside information and even faked injuries to fraudulently manipulate bets on games,” said Jessica S. Tisch, Commissioner, New York City Police Department (NYPD).

It remains to be seen if Billups, Jones, and Rozier will face further penalties by league officials until the conclusion of the cases. Still, the sports world watches on in anticipation to see how deep the betting scandal goes.

Featured image: Keith Allison via WikiCommons / CC BY-SA 2.0

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the gambling and blockchain industries for major developments, new product and brand launches, game releases and other newsworthy events. Editors assign relevant stories to in-house staff writers with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Suswati Basu
News Editor

Suswati Basu is a multilingual, award-winning editor and the founder of the intersectional literature channel, How To Be Books. She was shortlisted for the Guardian Mary Stott Prize and longlisted for the Guardian International Development Journalism Award. With 18 years of experience in the media industry, Suswati has held significant roles such as head of audience and deputy editor for NationalWorld news, digital editor for Channel 4 News and ITV News. She has also contributed to the Guardian and received training at the BBC. As an audience, trends, and SEO specialist, she has participated in panel events alongside Google. Her…