Source: United States Department of Justice Criminal Division
Earlier today, in federal court in Brooklyn, Damon Jones pleaded guilty to two counts of wire fraud conspiracy in two separate cases: one count for his role in a scheme to use inside information derived from multiple National Basketball Association (NBA) teams, players and coaches, to profit from illegal betting activity; and one count for participating in a scheme to rig illegal poker games across the country. Jones was a professional basketball player with the NBA’s Cleveland Cavaliers from 2005 to 2008. After his playing career, Jones served on the coaching staffs of the Cavaliers and the Los Angeles Lakers.