Portland Trail Blazers head coach Chauncey Billups was charged Thursday with participating in a conspiracy to fix high-stakes card games tied to La Cosa Nostra organized crime families that cheated unsuspecting gamblers out of at least $7 million.

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.

The FBI arrested Portland Trail Blazers coach Chauncey Billups and Heat guard Terry Rozier as part of extensive NBA gambling scandal with mafia ties.

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's attorney provided a statement following his client's arrest Thursday as part of the FBI's federal gambling probe.

An NBA Hall of Famer, a current star and former player are among dozens arrested in an FBI crackdown on illegal gambling that includes alleged members of organized crime families.

Heat guard Terry Rozier was arrested Thursday morning as part of an FBI investigation into an illegal sports gambling ring, while Trail Blazers coach Chauncey Billups was arrested by the FBI on Thursday for allegedly taking part in mafia-influenced illegal poker games. Both were put on immediate leave by the NBA.