Three Former Raptors Among 18 Players Charged Federally for Fraud
How’s this for a wild story?
On Thursday morning, 18 former NBA players were arrested and charged federally for defrauding the NBA’s Health and Welfare Benefit Plan out of approximately $4-million.
The identities of all 18 players were released today and included Shannon Brown, Glenn Davis, Ruben Patterson, Darius Miles, and former Raptors Milt Palacio, Jamario Moon and Sebastian Telfair. This is not Telfair’s first run-in with the law, the former guard was previously indicted of gun charges and felony possession.
whoah, new indictment against 19, incl 18 former NBA players, for allegedly bilking NBA’s health/welfare benefit plan out of around $4,000,000 pic.twitter.com/w97HjGGQjE
— Victoria Bekiempis (@vicbekiempis) October 7, 2021
According to reports, the players allegedly engaged in what is described as a widespread scheme aimed to defraud the league’s policy by submitting false insurance claims in order to get reimbursed for medical or dental services which have otherwise never occurred. The report suggested the players executed this scheme from at least 2017 to 2020.
“The benefit plans provided by the NBA and the National Basketball Players Association to our players are critically important to support their health and well-being throughout their playing careers and over the course of their lives which makes these allegations particularly disheartening. We will cooperate fully with the U.S. Attorney’s Office in this matter.” said the NBA in a statement released on Thursday afternoon.
Palacio, currently an assistant coach on the Portland Trail Blazers, has been put on administrative leave as the investigation is set to take off. Tony Allen’s wife was also charged.
Quite the news day around the NBA.