A Brooklyn man has been charged with conspiring with three others in a scheme to defraud a sports betting company by using inside information from an NBA player. The federal complaint filed this week alleges that the group successfully bet on the performance of the player, who was later banned from the league.
The accused, identified as Long Phi Pham, allegedly conspired with others to place bets on the player underperforming in two separate games based on the player's planned withdrawal for health reasons. The bets were related to individual statistics, known as proposition bets, where the group wagered that the player's performance would be below a predetermined figure set by the sports betting company.
