Former Timberwolves Teammates’ Alleged Gambling Scheme Exposed in Federal Indictment

Former Minnesota Timberwolves teammates Malik Beasley and Ed Davis are at the center of a federal indictment regarding an alleged NBA gambling scheme. Court records indicate Beasley is negotiating a potential plea agreement with federal prosecutors to change his not-guilty plea, while Davis maintains a not-guilty plea. Beasley's attorney noted that no agreement has been finalized yet, with a decision expected early next week.

Prosecutors allege that Davis loaned money to Beasley to cover substantial gambling debts in exchange for advance information about Beasley's performance in Milwaukee Bucks games during the 2023-24 season. Beasley faces federal charges including sports bribery, wire fraud conspiracies, and money laundering conspiracy, and contract negotiations for his NBA return collapsed after the investigation surfaced.