Current:Home > StocksMan pleads guilty in betting scheme that ensnared ex-NBA player Jontay Porter -TradeWisdom
Man pleads guilty in betting scheme that ensnared ex-NBA player Jontay Porter
View
Date:2025-04-11 12:27:53
NEW YORK (AP) — A gambler pleaded guilty Wednesday in a sports betting scandal that got NBA player Jontay Porter kicked out of the league earlier this year.
Long Phi Pham, also known as Bruce Pham, pleaded guilty to conspiring to commit wire fraud, admitting that he schemed to con sports betting companies, according to prosecutors and a court document. He could face anything from a no-jail punishment to 20 years in prison at his sentencing, set for April 25 in a Brooklyn, New York, federal court.
Messages seeking comment were sent to his attorneys.
Pham and three other men were charged in June with plotting to cash in on from a player’s secret plans to claim illness to pull out of two games early. The withdrawals ensured a payout for anyone who bet on him to underperform expectations.
The complaint didn’t name the player, but details made clear it was Porter, whom the NBA banned for life in April after conducting its own investigation.
One of Pham’s co-defendants induced the athlete to withdraw from games, according to a court complaint. The document said the conspirators were on track to collect over $1 million — and share some with the player — before a betting company smelled a rat and blocked collection of a lot of the money.
Pham, who is in his 30s, was arrested as he boarded a flight to Australia with roughly $12,000 in cash, days after learning about the investigation, prosecutors said at the time. They suggested the Brooklyn resident was trying to elude their reach, but his lawyer said Pham was a professional poker player and was traveling for a tournament.
Porter, who was last with the Toronto Raptors, pleaded guilty in July to wire fraud conspiracy. He told a court that his own gambling debts drove him to bench himself so conspirators could win bets.
Porter withdrew from two games last winter after playing only a few minutes and saying he was hurt or sick. On both occasions, his points, rebounds and assists fell below sportsbooks’ predictions.
He is now awaiting sentencing, scheduled for Dec. 18.
Pham’s three co-defendants have yet to enter pleas.
veryGood! (71519)
Related
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Sean ‘Diddy’ Combs’ lawyer says raids of the rapper’s homes were ‘excessive’ use of ‘military force’
- Krispy Kreme doughnuts coming to McDonald's locations nationwide by the end of 2026
- Hop on Over to Old Navy, Where You Can Score 50% off During Their Easter Sale, With Deals Starting at $10
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- WWII ace pilot Richard Bong's plane crashed in 1944. A team has launched a search for the wreckage in the South Pacific.
- Ex-Rhode Island official pays $5,000 to settle ethics fine
- Trader Joe's raises banana price for the first time in more than two decades
- Trump wants to turn the clock on daylight saving time
- 3 moves to make a month before your retirement
Ranking
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- North Carolina elections board finalizes results from primary marked by new voter ID rules
- Oil and Gas Executives Blast ‘LNG Pause,’ Call Natural Gas a ‘Destination Fuel’
- Sean 'Diddy' Combs' lawyer says rapper is innocent, calls home raids 'a witch hunt'
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Here's 5 things to know about the NFL's new kickoff rule
- Activists forming human chain in Nashville on Covenant school shooting anniversary
- Jhené Aiko announces 2024 tour: How to get tickets to Magic Hour Tour
Recommendation
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
How will the Baltimore bridge collapse affect deliveries? What to know after ship collision
Bird flu is spreading in a few states. Keeping your bird feeders clean can help
DMV outage reported nationwide, warnings sent to drivers with scheduled appointments
What to watch: O Jolie night
Judge tosses out X lawsuit against hate-speech researchers, saying Elon Musk tried to punish critics
Is the April 2024 eclipse safe for pets? Why experts want you to leave them at home.
DJT had a good first day: Trump's Truth Social media stock price saw rapid rise