This is ridiculously light, for a host of reasons (not the least of which is that the established/public version of the scandal is overly simplistic and error-prone, making a synopsis here problematic). So...here at least is the state of affairs regarding the offending parties:
Each of the three participants in the NBA betting scandal pleaded guilty and was sentenced to federal prison. Pro gambler Jimmy Battista and his lifelong pal Tommy Martino were sentenced on July 11, 2008, while referee and mutual friend (and fellow Cardinal O’Hara High alum) Tim Donaghy was sentenced on July 14, 2008. For his admitted crimes (i.e., illegal gambling), Battista received a sentence of 15 months. Donaghy and Martino were each sentenced to 12 months in prison, and all three men began serving time in September 2008. As of October 2009, each man has successfully completed his term.
The seminal coverage of the scandal in the NY Post on July 20, 2007:
Link to an ESPN story covering referee Tim Donaghy's sentencing. There is an incredible assortment of links to scandal analysis in the sidebar (I'll be addressing the predictable, though arguably misguided, focus on Donaghy in the very near future):
The NBA’s so-called “Pedowitz Report” (about which I’ll have quite a bit to say in the near future):
The Federal Wire Act:
Related - though not necessarily suggested - reading (in alphabetical order by author):