Early reports suggested that Billups was accused of participating in illegal poker games, but as the day progressed and the indictment was made public, it was revealed that Chauncey was also charged as part of an unlawful sports betting scheme that included Damon Jones and Terry Rozier.

Many in a Denver high school community are appreciating Chauncey Billups's impact on and off the court. It comes after he was arrested by the FBI in connection with two investigations involving a sports betting scheme and an organized crime ring.

Chauncey Billups left a federal court in Portland, Oregon, Thursday after being released from custody. Billups was arrested in a takedown of two sprawling gambling operations that authorities said leaked inside information about NBA athletes and rigged poker games backed by Mafia families.