• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?

2

eBay will pay nearly $50 million after employees reportedly sent a Massachusetts couple a bloody pig mask, cockroaches and death threats

3

Current price of oil as of July 28, 2026

1

Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?

2

eBay will pay nearly $50 million after employees reportedly sent a Massachusetts couple a bloody pig mask, cockroaches and death threats

3

Current price of oil as of July 28, 2026
Financefraud

‘Stupidity and greed’: Former NBA player gets 10 years for defrauding league health care plan

By
Bob Van Voris
Bob Van Voris
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Bob Van Voris
Bob Van Voris
and
Bloomberg
Bloomberg
Down Arrow Button Icon
August 3, 2023, 2:25 PM ET
Terrence Williams (right) of the New Jersey Nets during a game against the Orlando Magic on November 5, 2010.
Terrence Williams (right) of the New Jersey Nets during a game against the Orlando Magic on November 5, 2010.Fernando Medina—NBAE via Getty Images
Add Fortune on Google for similar content.

A former National Basketball Association player was ordered to spend 10 years in prison for leading a scheme to defraud the league’s health care plan out of more than $5 million.

Terrence Williams, the 11th overall pick in the 2009 draft, was sentenced Thursday by US District Judge Valerie Caproni in Manhattan. He pleaded guilty last year to conspiracy and aggravated identity theft, admitting he led a ring that made false claims for medical and dental expenses.

“Your behavior, of all the defendants in this case, was the most serious by a substantial measure,” the judge told Williams before imposing the sentence.

The former New Jersey Net was one of more than 20 people charged with defrauding the plan, including other former NBA players like Sebastian Telfair, Darius Miles and Glen “Big Baby” Davis. Prosecutors said Williams orchestrated the scheme and made at least $300,000 in kickbacks from the others.

Telfair and Miles have pleaded guilty and are awaiting sentencing. Davis has pleaded not guilty.

Prosecutors had asked Caproni to give Williams more than 10 years behind bars for what they called a “breathtaking fraud.” From 2017 to 2021, he recruited former NBA players, forged signatures, impersonated health plan employees and found health care providers to create fake letters of medical necessity to justify procedures. 

Williams, 36, had argued for a sentence of a little more than four years. He said in court papers that his childhood was “shaped by poverty, drug addiction, abuse, parental absence and instability.” Both of his parents were imprisoned when he was young and his father was murdered when Williams was six years old, he said. He also said a basketball injury led him to become addicted to opioids.

“A lot of my bad choices in this case were caused by my opioid addiction, that I was feeding for years,” Williams told the judge before he was sentenced. “The other half was stupidity and greed.”

Williams has already spent a year and a half behind bars. Several months after his arrest, Caproni found that he had threatened a witness and revoked his bail. The time he’s already served will be credited against his sentence.

As part of his plea deal with prosecutors, Williams agreed to pay restitution of $2.5 million, the amount of the loss to the NBA health plan. He also agreed to forfeit $654,000. Caproni said Williams has no money.

The NBA scheme was similar to one in which former National Football League players, including former Washington running back Clinton Portis, were charged in 2019. Portis and the other ex-players were accused of cheating an NFL health care program by faking the purchase of expensive medical equipment like hyperbaric oxygen chambers and ultrasound machines. 

The case is U.S. v. Williams, 21-cr-00603, U.S. District Court, Southern District of New York (Manhattan)

–With assistance from Chris Dolmetsch.

About the Authors
By Bob Van Voris
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Finance

Jamie Dimon says his stockbroker father taught him to invest with a ‘brutally hard’ childhood game
C-SuiteJamie Dimon
Jamie Dimon says his stockbroker father taught him to invest with a ‘brutally hard’ childhood game
By Sarah GlodekJuly 29, 2026
1 hour ago
Current ARM mortgage rates report for July 29, 2026
Personal FinanceReal Estate
Current ARM mortgage rates report for July 29, 2026
By Glen Luke FlanaganJuly 29, 2026
1 hour ago
Current refi mortgage rates report for July 29, 2026
Personal FinanceReal Estate
Current refi mortgage rates report for July 29, 2026
By Glen Luke FlanaganJuly 29, 2026
1 hour ago
Mortgage rates today, July 29, 2026
Personal Financemortgages
Mortgage rates today, July 29, 2026
By Glen Luke FlanaganJuly 29, 2026
1 hour ago
Trump broke his promise to lower — and eliminate — the national debt. A top investor thinks he’s the ‘worst-spending president in history’
Economynational debt
Trump broke his promise to lower — and eliminate — the national debt. A top investor thinks he’s the ‘worst-spending president in history’
By Marco Quiroz-GutierrezJuly 29, 2026
2 hours ago
Photo of Trump
North AmericaDonald Trump
Netanyahu and Zelenskyy meet Trump at the White House as Washington honors Lindsey Graham
By The Associated PressJuly 28, 2026
11 hours ago

Most Popular

Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?
C-Suite
Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?
By Nick LichtenbergJuly 27, 2026
2 days ago
eBay will pay nearly $50 million after employees reportedly sent a Massachusetts couple a bloody pig mask, cockroaches and death threats
Law
eBay will pay nearly $50 million after employees reportedly sent a Massachusetts couple a bloody pig mask, cockroaches and death threats
By The Associated Press and Leah WillinghamJuly 28, 2026
11 hours ago
Current price of oil as of July 28, 2026
Personal Finance
Current price of oil as of July 28, 2026
By Joseph HostetlerJuly 28, 2026
21 hours ago
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
Real Estate
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
By Nick LichtenbergJuly 25, 2026
4 days ago
No. 1 on the Fortune Global 500: Amazon's Jeff Bezos on how his garage startup became the largest company in the world by revenue
Magazine
No. 1 on the Fortune Global 500: Amazon's Jeff Bezos on how his garage startup became the largest company in the world by revenue
By Kristin StollerJuly 28, 2026
1 day ago
The brutal math behind Gen Z's lonely weekends: $15 drinks are driving a generational 'spending hangover'
Economy
The brutal math behind Gen Z's lonely weekends: $15 drinks are driving a generational 'spending hangover'
By Nick LichtenbergJuly 28, 2026
18 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.