Damon Jones to plead guilty

A change-of-plea hearing for Jones has been scheduled for May 6 in a Brooklyn federal court.

The investigation, which has led to the arrests of more than 30 people including reputed mobsters, centers on a pair of illegal gambling schemes tied to professional basketball.

Jones previously pleaded not guilty to conspiracy to commit wire fraud and money laundering but is now negotiating a deal with prosecutors.

The case has sent shockwaves through the NBA community, raising fresh questions about the integrity of sports betting and internal team information.