"Officials from the Nevada Gaming Board tell us Oakley 'was suspected of adding to or reducing his wager on a gambling game after the outcome was known, '" TMZ reports.
The Knicks icon was arrested at a Las Vegas casino on Sunday, TMZ Sports reported, for allegedly trying to cheat while gambling.
Security video of the incident supported Oakley's claim that the ejection was ordered by team owner James Dolan, who claimed the long-time power forward was acting drunk and belligerent towards the team.
In court documents related to the lawsuits, obtained by Newsday a year ago, the Aria said the 2010 skirmish merely was the latest example of bad behavior by Oakley in Las Vegas.
It must be noted that Oakley made $46 million during his career in the National Basketball Association.
The 54-year-old was taken into custody at 5:30 PM and booked into Clark County Detention Center.
Charles Oakley tried to pull the jig and got caught, allegedly.
Oakley has been involved in a number of prior incidents in Las Vegas. However, a source close to Oakley told TMZ that the issue was "an insignificant matter that will be quickly resolved". After getting confirmation via security footage, casino police arrested Oakley.
Oakley accepted a deal with prosecutors that eventually dismissed misdemeanor assault and trespass charges against him after he stayed out of trouble for six months.
The former NBA All-Star played three seasons with the Raptors from 1998 to 2001. Criminal charges were dismissed in February of this year, but Dolan has banned Oakley from Madison Square Garden for life.