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Former NBA star Malik Beasley pleads not guilty to gambling charges
Law Firm News/Arkansas | 2026/07/05 08:37

Malik Beasley's lawyer said the indicted former NBA star "wants to move on with his life" after pleading not guilty Wednesday to charges that he altered his play in certain games in 2024 to enrich sports bettors and ease his own debts.

Beasley, the latest big name caught up in a sweeping federal gambling investigation, said little at his arraignment in Brooklyn federal court. He answered a judge's questions with "yes, your honor" but let his lawyer, Jason Goldman, enter his plea on his behalf.

Afterward, the 6-foot-4 (1.92 meter) shooting guard stood quietly as Goldman spoke to reporters outside the courthouse, demurring when one asked if he had anything to say to his fans. Beasley, who played for six NBA teams in nine years, missed the most recent season because he was under investigation. Instead, he played for a Puerto Rican team co-owned by the rapper Bad Bunny.

"He looks forward to fighting. He's fought every day," Goldman said. "He's presumed innocent and that has to mean something still, obviously."

Beasley, 29, and sports agent Paolo Zamorano, who also pleaded not guilty on Wednesday, were among six people charged in an indictment unsealed this week.

They are the newest defendants in a gambling sweep that has netted more than three dozen arrests, including former Miami Heat star Terry Rozier, who was accused of conspiring with friends to help them win bets, and Basketball Hall of Famer Chauncey Billups, who was accused of conspiring to fix high-stakes poker games.

Zamorano, 39, formerly represented another co-defendant, ex-NBA player Ed Davis, who had loaned money to Beasley and is accused of acting as his "gatekeeper" in the alleged scheme.

"We look forward to our day in court," Zamorano's lawyer, Kenneth Breen, told reporters.

Beasley and Zamorano were both released on bond. They're due back in court for a status conference on Aug. 6. Beasley is accused of fixing or trying to fix his performance in at least four games while playing for the Milwaukee Bucks in 2024 by under or overperforming bookmakers' expectations. In exchange, the indictment said, the bettors bribed Beasley and his debts to Davis were reduced or eliminated.

"Only way you can beat Vegas is sports betting," Davis told Beasley in a Jan. 26, 2024, text message, according to the indictment. "Everything else they got the edge."

In one example, according to the indictment, Beasley told Davis that he would try to outperform the 3.5 line that sportsbooks had set for his rebound total in Milwaukee's game against the Los Angeles Clippers on March 10, 2024.

With a second left, and the Bucks up by seven points, Beasley challenged a Clippers shot and dashed past four players to grab his fourth rebound and securing a win for the bettors as the horn sounded.

One bettor made a $3,252 profit on a $2,838 wager, the indictment said, and another made a $2,107 profit on wagers totaling $2,400. Other bettors missed out and lost money, mistakenly placing wagers on Beasley to underperform the rebound total because of an apparent miscommunication, the indictment said.

"What's funny is after he got it he had a big sigh of relief," a co-conspirator said in a text message, according to the indictment.

Beasley borrowed money from Davis, a former teammate, after racking up millions of dollars in gambling losses. His widely reported financial problems include disputes with a Detroit landlord, a Milwaukee barber and a Minnesota dentist. A 2025 lawsuit from a sports marketing agency resulted in a $1 million default judgment against him.



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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
 
 
 

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