US media: The US Congress requires Xiao Hua to report on the illegal investment scandal before the 31st
6686 Sports, October 26 According to previous reports, Heat player Rozier, Trail Blazers coach Billups and former NBA player Damon Jones were arrested for illegal investment competitions.
According to Yahoo Sports’ report today, the U.S. House of Representatives Energy and Commerce Committee sent a formal letter to NBA President Adam Silver on October 24, 2025, requesting him to report on the NBA’s illegal investment scandal before October 31.
The letter expressed serious concerns about NBA players and coaches suspected of illegal investment in competitions, citing the allegations in the recent federal indictment, including Miami Heat player Rozier deliberately leaving the game early in 2023 to assist co-conspirators in illegal investment competitions, Portland Trail Blazers coach Billups, former NBA player Damon Jones and other details involved in the case. The scandal involves an illegal investment competition from December 2022 to March 2024, which affects the integrity of the NBA and harms the interests of fans.
The letter requires Silver to answer the following key questions in the briefing:
1. Details of NBA players, coaches and officials participating in illegal investment competitions, including the incidents mentioned in the indictment and previous cases.
2. Measures taken by the NBA to prevent non-public information from being used in illegal investment competitions.
3. The effectiveness of the NBA Code of Conduct in prohibiting illegal activities (including the use of inside information for illegal investment competitions).
4. How loopholes in current regulations encourage illegal investment competition.
5. Whether the NBA will re-evaluate its partnership with sports investment companies.
In yesterday's game between the Knicks and the Celtics, Silver came to the scene to watch the game and accepted an interview with reporters. He responded to the incident for the first time. Silver said: "My initial reaction was that I was very shocked and disturbed. For the league and fans, the fairness of the game is always the most important. So when I heard about this incident, I was really sad."
At the same time, Silver also added that the league investigated Rozier's controversial game, but no direct evidence was found. Rozier was also fully cooperative at the time — he gave his phone to the league office and was interviewed. Ultimately the league concluded that while there were anomalies, the evidence was insufficient to move forward with further penalties.