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Fixer in lucrative NCAA basketball betting scheme sentenced to 6 years in prison
- 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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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
·Baltimore, United States
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Jalen Smith, College Basketball Player Sentenced To Six years Prison For Point Shaving Scheme
by Alex Lloyd Gross https://youtu.be/zhOpcxPdgB4?si=bma0nPLcsRIoI37h In January of this year, US Attorney David Metcalf announced the dismantling of a massive point shaving and sports betting ring that defrauded people out of over a million dollars. You can read the original story here. Smith entered a guilty plea this year. He just got sentenced to six...
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Total News Sources27
Leaning Left12Leaning Right3Center9Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 38%
12%
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