“I’m going to stand by my friend. I won’t believe it until I see it.” @SamMitchellNBA on the situation involving Trail Blazers Head Coach Chauncey Billups pic.twitter.com/TJfZOdMvW3

The NBA world had a lot to digest on Thursday after the FBI arrested several individuals, including Portland Trail Blazers coach Chauncey Billups.

Big-money bettors lost millions of dollars in a rigged poker scheme, according to legal documents released Oct. 23.

Portland released this statement after canceling media availability for the day:"We are aware of the allegations involving head coach Chauncey Billups, and the Trail Blazers are fully cooperating with the investigation.

The Portland Trail Blazers named Tiago Splitter as interim coach Thursday, following the arrest of coach Chauncey Billups Thursday morning in connection to an illegal betting operation. Billups was arrested in Portland on Wednesday night,

Early reports suggested that Billups was accused of participating in illegal poker games, but as the day progressed and the indictment was made public, it was revealed that Chauncey was also charged as part of an unlawful sports betting scheme that included Damon Jones and Terry Rozier.

Portland Trail Blazers head coach Chauncey Billups was charged Thursday with participating in a conspiracy to fix high-stakes card games tied to La Cosa Nostra organized crime families that cheated unsuspecting gamblers out of at least $7 million.

Here's a look at the sweeping indictments charging dozens of defendants with crimes connected to two illegal gambling operations.