Ex-NBA players Ed Davis, Malik Beasley and four others were indicted Monday in an alleged sports gambling scheme. They’re facing charges of sports bribery, conspiracy to commit wire fraud, honest services fraud and conspiracy to commit money laundering.

Per the U.S Attorney’s Office for the Eastern District of New York, Davis and co-defendants William Brown, Ernesto Plascencia and Rob Gorodetsky were arrested Monday. Beasley and Paolo Zamorano had not been arrested yet, but Beasley’s lawyer, Steve Haney, told ESPN that he’s been in touch with the U.S. Attorney’s Office out of Brooklyn about his client voluntarily surrendering this week.

“An indictment is not proof of guilt or evidence. It is merely a charge of probable cause,” Haney said in a statement to ESPN. “The investigation was a year and a half long and we maintain Malik’s innocence of all charges.”

Beasley and Davis are the latest NBA figures to be targeted by the government in their wide-ranging investigation. Jontay Porter pleaded guilty last year and was given a lifetime ban from the league. Terry Rozier has pleaded not guilty to four charges for his alleged role in a sports betting ring.

Chauncey Billups was arrested last year for his alleged role in rigging high-stakes poker games. He remains on indefinite leave from his job as head coach of the Portland Trail Blazers, but that’s merely legal paperwork as the organization has moved on from the former star point guard of the Detroit Pistons.

Damon Jones was also arrested last year. The retired 11-year NBA veteran player and ex-assistant coach is expected to change his plea to guilty for his alleged roles in the rigged poker games and for selling unreported injury information to gamblers.

According to today’s indictment, Beasley lost millions of dollars betting during his nine-year NBA career that included stints with the Nuggets, Timberwolves, Jazz, Lakers, Bucks and Pistons. During his tenure in Milwaukee, Beasley stands accused of agreeing to underperform and overperform before at least three games during the 2023-24 season, so that his co-conspirators could bet on his player props.

The indictment alleges that Beasley received money from his co-conspirators to pay off gambling debts he owed to Davis, who was his teammate in Minnesota during the 2020-21 campaign.

“Only way you can beat Vegas is sports betting,” Davis texted Beasley in December 2023, according to the indictment. “…We can make some good money.”

According to the government, Beasley told Davis that he would go ‘under’ his player prop to grab 3.5 rebounds for a game between the Bucks and Cleveland Cavaliers on Jan. 26 of 2024. “The defendants and their co-conspirators placed numerous fraudulent wagers totaling tens of thousands of dollars conditioned on defendant Malik Beasley’s ‘under rebounds’ prop bets,” the indictment alleges. Indeed, Beasley finished the game with only three rebounds.

A year later, Beasley enjoyed one of his best career seasons while playing for the Detroit Pistons in 2024-25. The Florida State University product played in all 82 regular-season games, draining 41.6 percent of his 3-pointers while averaging 16.3 points, 2.6 rebounds and 1.7 assists per game.

Beasley was reportedly in negotiations with the Pistons on a three-year contract worth $42 million before news broke that he was the subject of a federal investigation.

Davis hasn’t played in the NBA since the 2021-22 season. In 722 career NBA games with eight different organizations, he averaged 5.9 points and 2.1 RPG.