Eighteen former NBA players have been arrested on charged as they allegedly defrauded the league’s health and welfare benefit plan out of around $4 million.
Federal prosecutors are planning a news conference to disclose the case that was brought in Manhattan federal court.
Apparently the ex-players engaged in a large scheme to defraud the plan by submitting false and fraudulent claims to get reimbursed for medical and dental expenses that were never obtained.
The 18 players were among 19 individuals charged in this alleged crime. The scheme was preformed from at least 2017 to 2020, when the plan received false claims totaling about $3.9 million. From the false claims, the defendants received about $2.5 million in fraudulent proceeds. This article was originally sourced by News 957