Gilbert Arenas, who spent more than a decade in the NBA, was taken into custody Wednesday.
The Department of Justice accused the former basketball star of operating an illegal gambling ring from a home he owned in Southern California.
He pleaded not guilty to the charges and was released on $50,000 bond.
A federal indictment obtained by Fox News Digital showed Arenas was charged with one count of conspiracy to operate an illegal gambling business, one count of operating an illegal gambling business and another count of making false statements to federal investigators.
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Arenas, nicknamed "Agent Zero," is s...