"He would say he's best friend's with LeBron James -- basically, he was using that as a business card for people to gain some trust in opening up some doors for him," professional bettor Michael Osborne said of ex-Cavaliers player Damon Jones.

"He’s a really funny dude. He’s a great storyteller. But he was never a part of the staff," a team source said of Jones.

Jones, an 11-year NBA veteran, played for 10 teams during his career. After retiring in 2012, Jones spent time as an assistant coach with the Cavaliers from 2016-2018.

NBA legend and current Portland Trail Blazers head coach Chauncey Billups and former NBA player and Cleveland Cavaliers assistant coach Damon Jones were part of the FBI's massive crackdown on illegal

Damon Jones and LeBron James have reportedly been friends since their time playing for the Cavaliers together in the mid-2000s.

Chauncey Billups, head coach of the Portland Trail Blazers, and Miami Heat reserve Terry Rozier were among more than 30 people charged in ”illegal gambling schemes,” according to federal authorities.