NEW YORK (AP) — Eighteen former NBA players have been billed with defrauding the league’s well being and welfare profit strategy out of about $4 million, in accordance to an indictment Thursday.
Federal prosecutors prepared a news convention to explain the circumstance that was brought in Manhattan federal courtroom. It was not quickly apparent whether all these billed had been arrested.
According to the indictment, the ex-players engaged in a common plan to defraud the system by submitting untrue and fraudulent statements to get reimbursed for clinical and dental expenditures that were being hardly ever truly incurred.
The 18 players had been among 19 men and women billed in the indictment. It explained that the plan was carried out from at minimum 2017 to 2020, when the approach gained phony promises totaling about $3.9 million. Of that, the defendants obtained about $2.5 million in fraudulent proceeds.