Gilbert Arenas was arrested Wednesday in connection with a federal indictment that alleges the former NBA star hosted illegal high-stakes poker games at his mansion in Encino, California, according to a release from the United States Attorney's Office of Central California. Arenas is officially charged with one count of conspiracy to operate an illegal gambling business, one count of operating an illegal gambling business and one count of making false statements to federal investigators. Yevgeni "Giora" Gershman, a suspected high-level member of an Israeli organized crime group, and four other associates also were indicted and arrested in connection with the alleged illegal business, which prosecutors say operated from September 2021 to July 2022. According to the indictment, Arenas rented out his Encino house and one of his associates staged the mansion for the poker games, recruited co-conspirators to host and collected rent from the co-conspirators on Arenas' behalf. The indictment alleges that Gershman and the other defendants ran illegal Pot Limit Omaha poker games, among others, and collected a cut from each pot contested.