Fixer in lucrative NCAA basketball betting scheme sentenced to 6 years in prison
Smith recruited players and placed bets in a scheme that affected nearly 30 games and produced more than $3 million in fraudulent wagers, prosecutors said.
- On Tuesday, U.S. District Judge Nitza I. Quiñones Alejandro sentenced Jalen Smith to six years in federal prison for his role in an NCAA basketball point-shaving scheme, marking the first penalty in a sprawling Philadelphia investigation.
- Prosecutors said Smith played a "central role" in the scheme, which originated in 2022 by recruiting players to underperform, ultimately affecting at least 17 universities and 29 games while generating more than $3 million in fraudulent wagers.
- Payments to players typically ranged from $10,000 to $30,000 per game, with Smith coordinating instructions via text and FaceTime; he must now pay $1.1 million in restitution representing costs incurred by gambling platforms.
- "Those who exploit professional and collegiate athletes for personal gain will be held accountable," said Wayne A. Jacobs, special agent in charge of the FBI's Philadelphia office, as more than half of the 26 charged defendants have pleaded guilty.
- A trial for remaining defendants is scheduled to begin next year, while sports betting has exploded across the country in recent years as states increasingly legalize wagering and prediction markets.
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47 Articles
North Carolina man sentenced to 6 years in prison for fixing college basketball games
The point-shaving scheme is said to have involved nearly 30 NCAA basketball games, and included schools like DePaul University, State University of New York at Buffalo and Tulane University, among others. The post North Carolina man sentenced to 6 years in prison for fixing college basketball games appeared first on Cardinal & Pine.
Fixer in lucrative NCAA basketball betting scheme sentenced to 6 years
A man charged with rigging college basketball games as part of an elaborate point-fixing scheme that raked in millions was sentenced to six years in federal prison, prosecutors in Pennsylvania announced on Tuesday. It was the first
Associated Press News
Fixer in lucrative NCAA basketball betting scheme sentenced to 6 years in prison
Prosecutors in Pennsylvania have announced that a man involved in rigging college basketball games has been sentenced to six years in prison.
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