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Swindled

S4 Ep52: The Referee (Tim Donaghy)

Swindled

Swindled

Society & Culture, Documentary, History, True Crime

4.610.3K Ratings

🗓️ 3 August 2020

⏱️ 54 minutes

🧾️ Download transcript

Summary

A professional basketball referee uses his knowledge of the inner workings of the league to place bets on the games. 

Prelude: Joe Gagliano recruits Arizona State University's star basketball player to participate in a point-shaving scandal.

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Transcript

Click on a timestamp to play from that location

0:00.0

It's just too enticing and too easy for corruption.

0:06.8

But yet, you know, that's the cynical side of me.

0:10.5

But yet I inherently want to believe in the integrity of sports.

0:14.6

I inherently want to believe in the competitive nature and the true spirit of the competitive

0:19.8

nature of an athlete.

0:21.8

But yet knowing what I know about gambling, knowing what I know about greed and the human

0:27.8

element.

0:28.8

I mean, I have my doubts.

0:31.8

One of Joe Gagliano's first real jobs was at the Chicago Board of Trade in the early

0:37.6

90s.

0:39.2

Self-admittedly, the 25-year-old floor trader became addicted to the rush of earning that fast

0:44.2

money.

0:45.2

He became addicted to the thrill of making the rapid decisions the day trading required.

0:50.3

I loved everything about the financial markets from the very first day he told an Arizona

0:54.7

news outlet.

0:55.8

The pace, the lifestyle and the flash were all intoxicating.

0:59.8

But most of all, I was drawn to the non-stop action.

1:04.0

But before long, that non-stop action on the trading floor wasn't non-stop enough for

1:08.7

Joe Gagliano.

1:10.2

He began looking for other ways to scratch that edge when he found one in the form of

1:14.3

sports betting.

1:16.1

Football, basketball, baseball, golf, if there were sweaty men and balls involved, Joe

...

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