Former NBA player Damon Jones faces two years in jail after guilty plea in gambling case
Summary
Damon Jones, a former NBA player and assistant coach, pleaded guilty to conspiracy to commit wire fraud by using secret injury information about NBA players to make money from sports betting companies. He faces up to 27 months in prison and will be sentenced in January 2027.Key Facts
- Damon Jones pleaded guilty to one count of conspiracy to commit wire fraud.
- The scheme involved using insider information about NBA player injuries to profit from sports betting.
- The conspiracy ran from December 2022 to March 2024.
- Jones must forfeit $35,000 and follow bail conditions restricting gambling and contacts with organized crime.
- He is also charged with profiting from rigged poker games using cheating devices.
- Jones was arrested in October along with other basketball figures including Terry Rozier and Chauncey Billups.
- Prosecutors plan to add more charges against Rozier in the betting case.
- Jones played in the NBA for 11 seasons and coached unofficially for the Lakers recently.
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