Former NBA journeyman Damon Jones was among the 34 people arrested by the FBI on Thursday morning in connection with its investigation into illegal gambling. Jones is accused of revealing insider information on players' injury status for the purpose of placing a bet on a game where the player's team is involved.

Jones was arrested on Thursday on two indictments alleging his involvement in illegal sports gambling and poker games.

Former Cavaliers player and assistant coach Damon Jones allegedly received $2,500 for insider information that backfired during a 2024 Lakers game involving close friend LeBron James.

Chauncey Billups and Damon Jones allegedly served as "face cards" to attract victims to rigged poker games using their status as former professional athletes.

Damon Jones is among the defendants in a rigged poker scheme and a federal prosecutor said Chauncey Billups was among those who played in the rigged games.