When I got the original tip, Hanson was in prison for bookmaking and drug trafficking, and was rumored to have ties to the cartel.

We had a source who was involved with running money for that group, and he was telling us, "Be careful," right? Because, uh, Owen Hanson was not known as a, a good person.

Uh, he was known a- as a violent person, uh, around the betting community.

And when we...

there was ties to, to Boyer, uh, there was concern.

Purdum says a big reason is credit.

People wanna bet on credit.

You don't wanna give over your cash.

When I got the original tip, Hanson was in prison for bookmaking and drug trafficking and was rumored to have ties to the cartel.

We had a source who was involved with running money for that group, and he was telling us, "Be careful," right? Because, uh, Owen Hanson was not known as a, a good person.

Uh, he was known a- as a violent person, uh, around the betting community.

And when we ...

there was ties to, to Boyer, um, there was concern.

Purdum says a big reason is credit.

People wanna bet on credit.

You don't wanna give over your cash.

When I got the original tip, Hansen was in prison for bookmaking and drug trafficking and was rumored to have ties to the cartel.

We had a source who was involved with running money for that group.

And he was telling us, be careful, right? Because Owen Hansen was not known as a good person.

He was known as a violent person around the betting community.

And when there was ties to Boyer, there was concern.

Purdom says a big reason is credit.

People want to bet on credit.

You don't want to give over your cash.

When I got the original tip, Hanson was in prison for bookmaking and drug trafficking and was rumored to have ties to the cartel.

We had a source who was involved with running money for that group, and he was telling us, "Be careful," right? Because, uh, Owen Hanson was not known as a, a good person.

Uh, he was known as, as a violent person, uh, around the betting community.

And when we ...

there was ties to, to Boyer, uh, there was concern.

Purdum says a big reason is credit.

People wanna bet on credit.

You don't wanna give over your cash.

When I got the original tip, Hanson was in prison for bookmaking and drug trafficking, and was rumored to have ties to the cartel.

We had a source who was involved with running money for that group, and he was telling us, "Be careful," right? Because, uh, Owen Hanson was not known as a, a good person.

Uh, he was known a- as a violent person, uh, around the betting community.

And when we...

there was ties to, to Boyer, um, there was concern.

Purdum says a big reason is credit.

People wanna bet on credit.

You don't wanna give over your cash.

When I got the original tip, Hansen was in prison for bookmaking and drug trafficking and was rumored to have ties to the cartel.

We had a source who was involved with running money for that group.

And he was telling us, be careful, right? Because Owen Hansen was not known as a good person.

He was known as a violent person around the betting community.

And when there was ties to Boyer, there was concern.

Purdom says a big reason is credit.

People want to bet on credit.

You don't want to give over your cash.

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When I got the original tip, Hanson was in prison for bookmaking and drug trafficking and was rumored to have ties to the cartel.

We had a source who was involved with running money for that group, and he was telling us, "Be careful," right? Because, uh, Owen Hanson was not known as a, a good person.

Uh, he was known a- as a violent person, uh, around the betting community.

And when we, there was ties to, to Boyar, uh, there was concern.

Purdum says a big reason is credit

People wanna bet on credit.

You don't wanna give over your cash.

If you can bet on credit, huge advantage.

Are you kidding

me? He was in debt to Davis, according to the indictment, and it doesn't really explain why he was in debt.

But this whole scheme, he didn't necessarily get straight money from it.

He had to pay off his debts that he owed Davis for.

So he would say, okay, there were four games that the Fed said were targeted, at least four games.

He would say, hey, I'm not going to get my – I'm going to stay under my rebound total tonight.

He would tell Davis.

What do you think of all that? Where we stand and what your solution could be to this?

Are you kidding

me? He was in debt to Davis, according to the indictment, and it doesn't really explain why he was in debt.

But this whole scheme, he didn't necessarily get straight money from it.

He had to pay off his debts that he owed Davis for.

So he would say, okay, there were four games that the Fed said were targeted, at least four games.

He would say, hey, I'm not going to get my – I'm going to stay under my rebound total tonight.

He would tell Davis.

But if I have a bad game, the death threats and people coming after me and I can't look at my mentions, what do you think of all that, where we stand and what your solution could be to this?

Yeah.

He was in debt to Davis, according to the indictment, and it doesn't really explain why he was in debt.

But this whole scheme, uh, he didn't necessarily get straight money from it.

He had to pay off his debts that he owed Davis for.

Uh, so he would say, "Okay," uh, there were four games that the feds said were targeted, at least four games.

Uh, he would say, "Hey, I, I'm not gonna get my...

I'm gonna stay under my rebound total tonight." He would tell Davis, he would tell about three or four other bettors, a- and they would allegedly, uh, spread a bunch of money around and place these big bets.

I, um, I understand mental health and these lunatics on social media, but if I have a bad game, the death threats and people coming after me, and I can't look at my mentions, what do you think of, of all that, where we stand, and what your solution could be to this?

David, can you explain to us and the audience what we know that Brendan Sorsby actually did?

So Sorsby is alleged to have placed thousands of bets over his college career, starting at Indiana, Cincinnati, and continuing after he transferred to Texas Tech.

Uh, the bets totaled upwards of $90,000.

Uh, there was a lot of different bets on a lot of sports, and some of them, unfortunately for Sorsby, were on Indiana football.

Um, he said that he only always bet on his team to win or his p- uh, teammates to succeed, and none of those games that he wagered on did he participate in.

And there's been no evidence of manipulation.

But the NCAA's bylaws are very, very clear.

David, what's the argument that Sorsby's attorneys are making in terms of his defense and why he should have been eligible to play in the NCAA?

David, can you explain what happened with both of these men to your knowledge?

Yeah, Terry Rozier had been under investigation for a long time, spading back to a 2023 game where some suspicious betting occurred on his player props.

It was when he was with the Charlotte Hornets.

They were playing the New Orleans Pelicans.

All this money started showing up on the under on his rebounds, assists, and points before that game.

He took himself out of that game 10 minutes into it, citing a foot injury.

Sportsbooks flagged that suspicious activity.

Well, David, I'm curious if you know this, how thoroughly are these leagues, the NBA and other professional sports leagues being probed to make sure that they are on top of this illegal gambling activity?

Give us what happens when all of a sudden somebody goes, "Wait a minute, something's suspicious."

Yeah, that's a great question, and when bookmakers really are convinced that something is untoward is going on is when they move the odds, right? So, uh, a, a prop bet may be over/under two and a half, uh, for rebounds or whatever, and instead of moving, you know, up to four and a half, they'll adjust the big on...

if you want to bet the over, um, it may be minus 200.

When they adjust the odds and the bettors don't stop betting it and just keep betting it even though these odds have moved against them, it is a major red flag.

In fact, some bookmakers will tell me they will do it intentionally, move it overly aggressive, move these odds so crazy that nobody that was really trying to bet it seriously, uh, would keep betting.

And yet people do keep betting it, and then they know, "Uh-oh, something's going on."

How dangerous are prop bets since an individual can control a lot of what his numbers are?

Yeah, certainly they are more easily to be manipulated than a full game.

Give us what happens when all of a sudden somebody goes wait a minute, something's suspicious?

That's a great question, and when bookmakers really are convinced that something is untoward is going on is when they move the odds, right? So, uh, a prop bet may be over/under two and a half, uh, for rebounds or whatever, and instead of moving, you know, up to four and a half they'll adjust the big on if you want to bet the over, um, it may be minus 200.

When they adjust the odds and the bettors don't stop betting it and just keep betting it even though these odds have moved against them, it is a major red flag.

In fact, some bookmakers will tell me they will do it intentionally, move it overly aggressive, move these odds so crazy that nobody that was really trying to bet it seriously, uh, would keep betting, and yet people do keep betting it, and then they know, "Uh-oh, something's going on."

How dangerous are prop bets since an individual can control a lot of what his numbers are?

Yeah, certainly they are more easily to be manipulated than a full game.

If you just have a player that's over/under on rebounds or three pointers made, uh, or points, that's what happened with the Jontay Porter situation.

There was all these bets on unders on his statistics, then he had took himself out of the game within minutes, and so all the unders hit.

But the fact that the NBA and these entities are able to flag these, is that a positive?

Yes, it's certainly a positive and a benefit from the regulated betting industry, right? If this was happening with a local bookmaker or an offshore sportsbook, we may have never heard about it.

But because some of this took place in the regulated environment, those sportsbooks were able to identify it.

and relay it to to the nba and to authorities i will say that while there's no doubt that um in the past before legalized sports betting here in the u.s that started in 2018 um there have been other betting scandals obviously anytime there have been sports there's been people to bet on them and there's been scandals involved however the modern betting market has these massive prop bets menus where you're getting over unders on three pointers made rebounds for kind of fringe players and We mentioned John T. Porter.

Not many people probably knew him, and he got involved in one of these things.

So what we were a little bit worried about, and there's a debate to be had, is whether this expanded betting menus where you're able to bet on almost anything on almost any player are almost incentivizing attempts at corruption.

So can you give us an idea of how big, how broad, how much revenue is being generated when it comes to U.S. sportsbooks and the gaming industry as a whole?

Yeah, the sportsbooks are taking in billions of dollars a month in just New York alone.