Latest news with #MalikBeasley
Yahoo
3 days ago
- Sport
- Yahoo
Malik Beasley Under Federal Investigation For Alleged NBA Gambling Scandal
Malik Beasley Under Federal Investigation For Alleged NBA Gambling Scandal originally appeared on Fadeaway World. A storm may be brewing around one of the NBA's most prominent sharpshooters. According to ESPN's Shams Charania, Detroit Pistons guard Malik Beasley is under investigation by the U.S. District Attorney's office for alleged involvement in gambling activity related to NBA games and player prop bets. The report, which broke late Sunday evening, marks a serious and potentially career-defining moment for the 27-year-old guard and sends tremors through a league still reeling from the Jontay Porter scandal. At this stage, Beasley has not been formally charged. His attorney, Steve Haney, was quick to urge caution in interpreting the developments. 'An investigation is not a charge. Malik is afforded the same right of the presumption of innocence as anyone else under the U.S. Constitution. As of now he has not been charged with anything.' Nevertheless, the implications are significant. Beasley, who just completed a strong season with the Detroit Pistons, was in advanced discussions on a three-year, $42 million contract extension to remain with the franchise. According to sources close to the team, those negotiations have now been paused indefinitely as the organization awaits further clarity from both the legal process and the NBA's own internal investigation. Beasley's on-court value is not in question. In 2024–25, he averaged 16.3 points, 2.6 rebounds, and 1.7 assists per game while shooting a blistering 41.6% from beyond the arc, placing him among the league's top perimeter threats. For a young Pistons squad desperate for shooting and veteran presence, his return was viewed as a key building block. That plan now hangs in limbo. This latest scandal comes just months after the NBA handed down a lifetime ban to former Toronto Raptors forward Jontay Porter, who was found guilty of multiple gambling-related violations. Porter's actions included sharing confidential information with bettors, manipulating his own in-game performance for wagering purposes, and placing bets on NBA contests, a trifecta of offenses that earned him the league's most severe punishment in decades. The Porter case put the league on high alert, especially as legalized sports betting continues to spread across the United States. The NBA has repeatedly emphasized its zero-tolerance policy toward any gambling activity involving its players. If Beasley is found to have engaged in any similar conduct, he could face similarly steep consequences, including suspension, expulsion from the league, or legal action. For now, Beasley remains a free agent, and his future in the NBA is murky. Whether Beasley's name is eventually cleared or further implicated, one thing is certain: the NBA's relationship with sports betting is entering its most complicated chapter yet, and the stakes have never been higher. This story was originally reported by Fadeaway World on Jun 29, 2025, where it first appeared.
Yahoo
3 days ago
- Business
- Yahoo
Malik Beasley Is Being Sued By His Barber, Dentist, And Former Sports Agency
Malik Beasley Is Being Sued By His Barber, Dentist, And Former Sports Agency originally appeared on Fadeaway World. Detroit Pistons guard Malik Beasley delivered one of the best seasons of his career in 2024–25, finishing second in Sixth Man of the Year voting while hitting over 300 threes and playing a pivotal role in the Pistons' return to playoff relevance. Yet behind the scenes, Beasley's financial life has completely unraveled. According to court records obtained by The Detroit News, the 27-year-old is battling over $8 million in debts while facing lawsuits from multiple creditors including his former barber, dentist, landlord, and sports agency. And that's not all. Beasley is currently under investigation by the FBI in connection with a federal probe into gambling, wire fraud, and alleged prop bet violations. While no charges have been filed, sources confirm the Pistons have pulled a proposed three-year, $42 million offer due to the growing uncertainty surrounding Beasley's off-court issues. Among the most high-profile legal troubles is a lawsuit filed in April by Hazan Sports Management Group Inc., a New York-based agency that claims Beasley failed to repay a $650,000 advance on future marketing revenue. The lawsuit, filed in federal court, seeks at least $2.25 million for breach of contract, with Hazan alleging that Beasley made 'sporadic payments and vague promises' after terminating their agreement in February. The firm served Beasley at the Ritz-Carlton in New York City on April 21st, just hours before he helped the Pistons beat the Knicks in Game 2 of their playoff series. Hazan isn't the only creditor after Beasley. A separate $5.8 million judgment was awarded to South River Capital LLC in 2021 after Beasley defaulted on a high-interest athlete loan. Though he repaid $1.13 million of that in 2023, the remainder remains outstanding. Even the more minor debts paint a grim picture. In January 2025, celebrity barbershop Cairo Cuts, known for styling dozens of NBA players, won a $26,827 judgment against Beasley in Wisconsin. The case stemmed from unpaid grooming sessions dating back to his Milwaukee Bucks tenure. Photos of Beasley from the spring of 2024 still sit on the barber's Instagram page with the caption 'playoff ready,' making the collapse of their relationship all the more jarring. That same month, a Minnesota-based dentist, Dr. Hassan Alshehabi of Delicate Smiles, won a $34,390 judgment for unpaid dental procedures. In February, the court approved garnishment of Beasley's Pistons paycheck to begin satisfying the debt, which remains unpaid to date. His housing situation isn't faring much better. Beasley has been sued twice in the past four months by The Stott, a luxury high-rise in downtown Detroit owned by Dan Gilbert's Bedrock real estate empire. In March, the landlord sought $14,150 in unpaid rent, a case that was dismissed. However, just a month later, they filed a second lawsuit over $7,355 in new rent defaults. A court hearing is scheduled for July 15. Meanwhile, Beasley reportedly signed a bridge loan agreement last August with a Florida lender, pledging his current and future NBA contracts as collateral. These types of loans are common for pro athletes but often carry exorbitant interest rates.' In total, Malik Beasley, despite earning over $59 million in NBA contracts, finds himself on the brink of financial ruin. With the FBI circling and the Pistons now hesitant to re-sign him, the sharpshooter's offseason may be defined more by courtrooms than court story was originally reported by Fadeaway World on Jul 2, 2025, where it first appeared.
NBC Sports
16-07-2025
- Sport
- NBC Sports
The 'mystery' behind Beasley's gambling scandal
Pablo Torre joins the Dan Le Batard Show to discuss the latest developments into his deep dive into the FBI probe into Malik Beasley's alleged gambling scandal.
Yahoo
15-07-2025
- Business
- Yahoo
Former Detroit Pistons guard Malik Beasley previously faced millions in lawsuits
The most recent lawsuit against former Detroit Pistons guard Malik Beasley is just the latest in a string of financial trouble the NBA veteran has faced over the last few years. As first reported by ESPN, Beasley was sued by New York's Hazan Sports Management Group on April 20 for breach of contract related to missed payments on a $650,000 advance. Hazan Sports is seeking $2.5 million of relief, though a court filing released on June 11 shows they and Beasley are currently in settlement talks. Advertisement Court records show that's not the only lawsuit plaintiffs have recently filed against Beasley, with the veteran having been sued twice by a rental property in Detroit in 2025. He also faced two lawsuits in 2024 filed in Milwaukee County Court, totaling more than $60,000 in relief awarded to the plaintiffs. Beasley is also under a federal investigation related to unusual gambling activity surrounding a game he played with the Milwaukee Bucks on Jan. 31, 2024. The Pistons were reportedly gearing up to offer a three-year, $42 million contract to Beasley, who initially signed with the team on July 6, 2024, on a one-year, $6 million deal. Beasley had a resurgent year with the Pistons in the 2024-25 season, smashing the franchise record for 3-pointers made (319) and helping Detroit to its first playoff berth since 2019. Beasley wrote a piece in the Players' Tribune on April 17, just before the start of the 2025 playoffs, calling Detroit a "perfect fit" and expressing his desire to come back to the Pistons. Advertisement But that reunion may be in jeopardy with word of Beasley's financial and legal issues. Malik Beasley sued by Detroit property manager Detroit Pistons guard Malik Beasley celebrates a 3-point basket against the New York Knicks during the first half of Game 6 in an Eastern Conference playoff first-round series at Little Caesars Arena in Detroit on Thursday, May 1, 2025. Records from Detroit's 36th District Court show that Beasley and other occupants of a residence at The Stott, a downtown Detroit apartment located on Griswold St., were sued by Paperclip Properties LLC for non-payment of $14,150 of rent on March 6. Beasley did not show up to the hearing, though the case was later dismissed on March 31. However, Paperclip sued Beasley again on June 3 for non-payment of rent, this time for $7,355. Beasley once again failed to appear at the hearing when summoned, and the case is still ongoing. Advertisement Paperclip Properties LLC is a subsidiary of Bedrock Detroit, a real estate firm owned by Rocket Companies chairman Dan Gilbert. Beasley sued by Milwaukee-area barber, dentist Nov 30, 2023; Chicago, Illinois, USA; Milwaukee Bucks guard Malik Beasley (5) drives to the basket against Chicago Bulls guard Ayo Dosunmu (12) during the first half at United Center. Mandatory Credit: Kamil Krzaczynski-USA TODAY Sports Two separate lawsuits were filed against Beasley on Sept. 18, 2024, one by Milwaukee-area dentist Hassan Alshehabi (of Delicate Smiles LLC) and another by Milwaukee barber Rekar Jaff (of Cairo Cuts). Separate judges both ruled in favor of Alshehabi and Jaff on Jan. 22, with Beasley ordered to pay $34,389.70 to Delicate Smiles and $26,826.76 to Cairo Cuts. A garnishment notice on both rulings was placed on Feb. 7, meaning the payments were set to come out of Beasley's paychecks. Advertisement Beasley played with the Milwaukee Bucks in the 2023-24 season, playing in 79 regular-season games and leading the team in three-pointers made (224). Beasley sued by money lender The biggest known financial lawsuit against Beasley involves South River Capital, a Maryland-based company that specializes in lending money to athletes. South River sued Beasley in Baltimore County on Jan. 26, 2022, and was awarded $5.8 million in damages. The lawsuit was filed while Beasley was playing for the Minnesota Timberwolves, where he played from 2019-22. It is unclear how much money Beasley borrowed from South River, nor why South River sued. Advertisement Beasley was the No. 19 overall draft pick by the Denver Nuggets in the 2016 NBA Draft and has played on six teams over his nine-year career. According to Spotrac, he has made approximately $59.9 million in career earnings during his time in the NBA. Christian Romo can be reached at cromo@ This article originally appeared on Detroit Free Press: Former Pistons guard Beasley previously faced millions in lawsuits
Yahoo
15-07-2025
- Sport
- Yahoo
Pablo Torre dives into ex-Pistons guard Malik Beasley's gambling scandal – and it's crazy
Former Detroit Pistons guard Malik Beasley is still under a federal investigation for alleged involvement in a gambling scandal dating back to his time with the Milwaukee Bucks. The investigation relates to a surge in bets involving Beasley during a Bucks game against the Portland Trail Blazers on Jan. 31, 2024. Advertisement Though Beasley has not been charged with any crime, many questions remain about Beasley's potential involvement, the extent of the incident and whether Beasley could have been involved in other gambling-related incidents. So sports journalist Pablo Torre dove deeper into the story. In the most recent episode of the "Pablo Torre Finds Out" podcast released on Tuesday, July 15, Torre is joined by Yahoo NBA insider Tom Haberstroh and former NBA executive Amin Elhassan to discuss new findings surrounding gambling incidents related to former Toronto Raptors center Jontay Porter, Miami Heat guard Terry Rozier and Beasley. The findings revolve around Mustafa Omar, an NBA fan who posted on "X" about Beasley's involvement with gambling months before the investigation was launched. The episode weaves through stories with actor Denzel Washington, Larsa Pippen and former NBA star Carmelo Anthony, while providing an analytical investigation of Beasley's typical late-game performance. Advertisement MORE ON BEASLEY: Former Detroit Pistons guard Malik Beasley previously faced millions in lawsuits Though the episode doesn't reveal new information about the federal investigation or Beasley's other recently discovered financial troubles, it's an episode Pistons fans might find enlightening (or at least entertaining), especially with the report that the Pistons were "blindsided" about the investigation while preparing to offer Beasley a three-year, $42 million contract. The full PTFO episode can be found on YouTube and on typical podcast platforms. You can reach Christian at cromo@ This article originally appeared on Detroit Free Press: Pablo Torre does deep dive on Malik Beasley's gambling scandal
