Maverick Carter, LeBron James' long-time friend and business manager, admitted to federal investigators that he used to bet on NBA games through an illegal bookie, the Washington Post reported on Thursday.
The report was sparked by an investigation into former minor league baseball player Wayne Nix, who pled guilty to charges of running an illegal off-shore betting business.
Carter was interviewed back in 2021 as part of the investigation because one of Nix's business partners, Edin Kagosoff, had received texts from a "business manager for a professional basketball player," which turned out to be Carter.
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For more information on the interview regarding Carter's betting situation, The Sporting News has you covered below.
Maverick Carter NBA betting, explained
Carter's interview with federal investigators took place back in 2021, where he admitted that he used to bet on NBA games through an illegal bookie.
According to the Washington Post's report, Carter played bets on 20 different basketball and football games, but he told officials that the bets had "nothing to do" with his client and friend, James.
The wagers on his NBA games were said to go up to $25,000.
Per the NBA's gambling policy, players, team and league officials are not allowed to bet on NBA games. Business managers, however, do not fall under that policy.
Who is Maverick Carter?
Carter and James have been lifelong friends, growing up in Akron and attending St. Vincent-St. Mary High School where they played basketball and football together.
Carter has been James' business partner since 2006. He co-founded the "LRMR" marketing firm alongside James, Klutch Sports' CEO Rich Paul and Randy Mims, the chief of staff on LeBron's business team.
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Carter and James also co-founded "SpringHill Entertainment," which has produced movies like "Space Jam: A New Legacy" and the athlete empowerment brand, "Uninterrupted," which has produced a variety of projects such as "The Shop."
Carter also helped James secure a partial stake in the English Premier League's Liverpool F.C., and they both own partial stakes in MLB's Boston Red Sox.
Maverick Carter net worth
According to Celebrity Net Worth, Carter has a net worth of $60 million.
