Former NBA guard Malik Beasley has been indicted on federal charges stemming from an alleged sports betting scheme. Prosecutors say he intentionally altered his performance in games to benefit bettors.A federal grand jury in the Eastern District of New York returned the indictment on June 24, charging Beasley, former NBA player Ed Davis, current player agent Paolo Zamorano and three other men with conspiracy to commit wire fraud, sports bribery, honest services wire fraud conspiracy and conspiracy to commit money laundering.CLICK HERE FOR MORE OUTKICK SPORTS COVERAGEAccording to the indictment, Beasley and the others allegedly participated in a scheme between December 2023 and April 2024 that involved using inside information about Beasley's intended performances to place profitable wagers. Beasley played for the Milwaukee Bucks at the time."Bribery and insider betting schemes like this one involving former NBA players and a current NBA player agent who exploited inside NBA information for profit erode the integrity of American sports and victimize the sports-watching public," U.S. Attorney Joseph Nocella Jr. said.PISTONS' MALIK BEASLEY FACES FEDERAL PROBE OVER GAMBLING ALLEGATIONS: REPORTThe indictment details several Bucks games that prosecutors say were manipulated.Ahead of a Jan. 26, 2024, game against the Cleveland Cavaliers, prosecutors allege Beasley told Davis he planned to underperform in rebounds. Co-conspirators then allegedly placed thousands of dollars in wagers on Beasley's "under rebounds" prop bet. Beasley finished with 3 rebounds, one fewer than the betting line.The indictment also references games against the Charlotte Hornets on Feb. 27 and the Los Angeles Clippers on March 10. Prosecutors allege Beasley provided inside information about his intended performance in points and rebounds before those games as well.Court documents state that four of the defendants were arrested Monday morning and will be arraigned in Brooklyn at a later date. Beasley and Zamorano were not in custody as of Monday.According to ESPN's Shams Charania, Beasley's attorney, Steve Haney, said the government is coordinating a voluntary surrender this week.Beasley, 29, last played in the NBA during the 2024-25 season with the Detroit Pistons, averaging 16.3 points per game. He has not appeared in the league since his name surfaced in gambling investigations last year.Davis last played in the NBA in 2022 after a 12-year career that included stops with eight different franchises.