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Charles Oakley arrested in Las Vegas for alleged gambling fraud

Charles Oakley as a head coach in the BIG3 league. | Ronald Martinez-BIG3/Getty Images

Casino regulators in Nevada are accusing former New York Knicks star Charles Oakley of gambling fraud.

The Nevada Gaming Control Board on Thursday said Oakley was arrested Sunday at the Cosmopolitan casino-resort on the Las Vegas Strip on suspicion of committing or attempting to commit a fraudulent act in a gaming establishment.

The agency says in a statement that Oakley is suspected of “adding to or reducing his wager” on a game after the outcome was known.

Oakley was booked and later released from jail. It was not immediately clear if he has an attorney who could comment on his behalf.

The felony count carries between one and six years in prison and a $10,000 fine.

Oakley played for the Knicks from 1988-98, helping them reach the NBA Finals. He began his NBA career in Chicago as a member of the Bulls before being traded to New York. Over the course of 19 NBA seasons, he also played for the Raptors, Wizards and Rockets.

The Chicago Sun-Times added to this report.