Arrest Date: October 20, 1951
Franchise: Indianapolis Olympians
Details: Beard and fellow Olympians teammate Alex Groza were arrested after their involvement in a point-shaving incident two years earlier while playing college basketball at the University of Kentucky. Along with a third Kentucky teammate, Beard and Groza accepted $500 each from gamblers to keep a game versus Loyola within the point spread of 10. While trying to keep the score close, they accidentally lost to Loyola.