Eighteen former NBA players have been arrested on charges alleging they defrauded the league’s health and welfare benefit plan out of about $4 million, according to an indictment Thursday.
Federal prosecutors planned a news conference for noon ET Thursday to describe the case that was brought in Manhattan federal court. It wasn’t immediately clear whether all those charged had been arrested.
According to the indictment, the former players engaged in a widespread scheme to defraud the plan by submitting false and fraudulent claims to get reimbursed for medical and dental expenses that were never actually incurred.