Former Cavs guard Damon Jones arrested in sports betting investigation

State of play: Jones was charged with participating in two schemes, per The AP.

• One involved rigging high-stakes card games backed by mafia crime families. Another involved fraudulent bets that exploited confidential information about NBA athletes and teams.

What they're saying: "The fraud is mind-boggling," FBI director Kash Patel told reporters at a press conference.

• "We're talking about tens of millions of dollars in fraud and theft and robbery across a multiyear investigation."

Zoom in: The federal indictment accuses Jones, who has long been a friend of NBA superstar LeBron James, of selling non-public information about James' injury status during the 2022-2023 season, per The Athletic.

Flashback: Jones' most memorable moment in Cleveland was as an assistant coach, not a player.

• In 2018, sharpshooter J.R. Smith was suspended for one game by the Cavs for throwing a bowl of soup at Jones.