According to prosecutors, Beasley, who played for the Milwaukee Bucks during the 2023-24 NBA season, agreed to intentionally underperform, and at times overperform, in certain statistical categories before specific games. Federal authorities allege he shared that non-public information with former NBA player Edward Davis, who then relayed it to other members of the betting ring so they could place profitable prop bets before tipoff.

The indictment alleges the wagers centered on Beasley's individual statistics, including points and rebounds, rather than the outcome of games themselves. Prosecutors claim Beasley received bribes by having gambling debts reduced or paid off instead of receiving direct cash payments.

The filing also alleges the former NBA guard had accumulated millions of dollars in gambling losses despite earning tens of millions throughout his professional basketball career.

In one conversation, Davis allegedly suggested the pair move their discussions to Snapchat before telling Beasley, "We can make some good money."

Prosecutors contend those conversations preceded wagers placed using confidential information about Beasley’s anticipated performances.

The indictment further alleges members of the betting ring celebrated successful wagers in group chats after games, while later messages showed frustration when one of the alleged schemes failed to produce the expected results.

Prosecutors also claim some participants discussed deleting messages and distancing themselves from the operation after another NBA player became the subject of a separate gambling investigation.

If convicted, Beasley and his co-defendants could also face forfeiture of assets tied to the alleged offenses, according to the indictment.

The charges remain allegations, and all defendants are presumed innocent unless and until proven guilty in court.