Sports · Basketball · 1 hr ago

Jalen Smith sentenced to six years in NCAA basketball betting scheme

Jalen Smith sentenced to six years in NCAA basketball betting scheme

Jalen Smith was sentenced to six years in federal prison for his role in a scheme to fix college basketball games.

Prosecutors said Smith helped arrange fixes during the 2023-24 and 2024-25 NCAA Division I seasons by recruiting players and placing bets.

Players were offered money to underperform, allowing bettors to wager against their teams and profit from the results.

The alleged scheme involved nearly 30 games and more than $3 million in fraudulent wagers; prosecutors said player bribes typically ranged from $10,000 to $30,000 per game.

Smith must pay $1.1 million in restitution to gambling platforms, and he also pleaded guilty to a separate felony gun possession charge.

The investigation has also led to charges against other fixers and players, including former college players and athletes who were active last season.

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What people are saying

Wayne A. Jacobsspecial agent in charge of the FBI's Philadelphia office
Today’s sentencing sends a clear message: Those who exploit professional and collegiate athletes for personal gain will be held accountable.
via Globe and Mail
Today's sentencing sends a clear message: Those who exploit professional and collegiate athletes for personal gain will be held accountable.
via ESPN