12PM ET 10/23/2025 Newscast

Summary

---

Fox News Hourly Update – 12PM ET 10/23/2025 Newscast

Date: October 23, 2025
Host: FOX News Podcasts
Episode Theme:
A fast-paced roundup of major national news developments—centered on a high-profile gambling scandal involving NBA figures, significant political updates, a unique theft case from Miami, and market movements.

---

Major Gambling and NBA Scandal

• FBI Breaks Up Large Fraud Case

  • [00:04] Lisa Brady introduces the story with FBI Director Cash Patel’s statement:

    “This FBI will leave no room for any perpetrator of crime across this country.” — Cash Patel [00:06]

  • The FBI reveals an extensive gambling and fraud operation spanning 11 states, involving more than 30 suspects.

• NBA Hall of Famer and Current Players Implicated

  • [00:14] Among those charged: NBA Hall of Famer Chauncey Billups (currently Portland Trailblazers head coach) and Miami Heat guard Terry Rozier.
  • They are accused of exploiting insider information to affect “prop bets”—wagers on a player’s performance.

    • “NBA players and coach accused of using insider information to influence prop bets, which are bets placed on an individual player's performance.” — Nate Foy [00:29]

  • Rozier’s lawyer asserts that Rozier was denied a chance to self-surrender, criticizing federal agents:

    • “It is unfortunate that instead of allowing him to self surrender, they opted for a photo op... They wanted the misplaced glory of embarrassing a professional athlete with a perp walk. That tells you a lot about the motivations in this case.” — Rozier’s lawyer (as told to Nate Foy) [00:44]

• Wider Crime Allegations

  • Allegations extend to illegal poker games, allegedly rigged with assistance from four of five major mafia families.
  • Billups also named in the poker game indictment; a former Toronto Raptors player has pleaded guilty, admitting to altering performance to affect bets.

---

Political & Legal Developments

• Crypto Pardon

  • [01:19] The White House announces that President Trump has pardoned Changpeng Zhao, founder of Binance, who pled guilty to enabling money laundering under previous U.S. prosecution.

    • “White House spokeswoman Caroline Levitt says he was prosecuted by the Biden administration under what she calls their war on cryptocurrency.” [01:29]

• NYC Mayoral Race

  • [01:38] New York City Mayor Eric Adams drops his reelection bid and endorses former Governor Andrew Cuomo for mayor.
  • Cuomo (running as independent) and Republican Curtis Sliwa are trailing Democratic Socialist Zoran Mamdani in polls.

---

Government Shutdown & Legislation

• Senate Tries to End Shutdown

  • [02:15] Focus on short-term funding and a test vote on back pay for essential federal employees working through the government shutdown.
  • GOP frames it as a dare for Democrats: pay workers or make them work without pay.

    • “The GOP wants Democrats to either pay essential workers or make them keep working without a paycheck.” [02:29]

  • Pennsylvania Democrat Senator John Fetterman, siding with GOP on government funding:

    • “I'm a country over party guy. I'm always going to vote to pay our military over the party. If I pay a price within my base, you know, that's something I'm willing to do.” — Sen. John Fetterman [02:44]

  • Fetterman is one of three senators caucusing with Democrats who voted to open the government.

• Healthcare Issues

  • Democratic leaders push for inclusion of healthcare issues in shutdown negotiations.

---

Crime and Courts

• Miami Restaurant Trade Secret Theft
  • [03:07] Felony charges brought against Carlos Francisco Gottberg Marquez, a line cook at Mordisco Miami, for allegedly stealing three secret recipe books.
  • The restaurant’s owner and chef Cesar Gonzalez calls it a betrayal:

    • “The restaurant's owner and chef, Cesar Gonzalez, said he felt betrayed when a cook in his kitchen violated his trust.” [03:16]

  • Miami Dade Judge Mindy S. Glaser addresses the accused:

    • “It's the heart of the restaurant.” — Judge Glaser [03:22]

    • “You got arrested for theft of trade secrets.” — Judge Glaser [03:42]

  • The cook was caught with the books at his other job, just 30 minutes after the theft.

---

Markets & Economy

• Stock Market Update
  • [03:56] Brief check-in on financial markets:
    • Dow up ~25 points
    • S&P up 27
    • Nasdaq up 171
    • Oil back up to nearly $62/barrel

---

Notable Quotes

• “This FBI will leave no room for any perpetrator of crime across this country.” — FBI Director Cash Patel [00:06]

• “NBA players and coach accused of using insider information to influence prop bets, which are bets placed on an individual player's performance rather than the result of the game.” — Nate Foy [00:29]

• “It's unfortunate that instead of allowing him to self surrender, they opted for a photo op... They wanted the misplaced glory of embarrassing a professional athlete with a perp walk. That tells you a lot about the motivations in this case.” — Rozier’s lawyer [00:44]

• “I'm a country over party guy. I'm always going to vote to pay our military over the party. If I pay a price within my base, you know, that's something I'm willing to do.” — Sen. John Fetterman [02:44]

• “You got arrested for theft of trade secrets.” — Judge Mindy S. Glaser [03:42]

---

Memorable Moments

• The embarrassment of top NBA figures in an unprecedented gambling scandal.
• President Trump's pardon of Binance’s founder stoking “war on crypto” rhetoric.
• A small Miami restaurant's secret recipes at the center of a trade secrets case.
• Senator Fetterman's willingness to defy his party for what he sees as national good.

---

Timestamps for Key Segments

• [00:04] Gambling scandal and FBI statement
• [00:29] NBA, mafia, poker, and prop betting allegations
• [01:19] White House crypto pardon announcement
• [01:38] NYC mayoral race shifts
• [02:15] Senate moves to address shutdown/pay
• [02:44] Sen. Fetterman on government funding
• [03:07] Miami recipe theft and court proceedings
• [03:56] Market and oil price updates

---

This episode concisely bundles explosive sports crime headlines, fast-evolving political stories, white-collar crime, and real-time economic data, all delivered in the Fox News signature direct tone.

Transcript

[Anchor]

A gambling scandal.

[Lisa Brady]

Lisa Brady, FOX News.

[FBI Director Cash Patel]

This FBI will leave no room for any perpetrator of crime across this country.

[Lisa Brady]

FBI Director Cash Patel announcing a fraud.

[Anchor]

Case he calls mind boggling. Tens of millions of dollars worth across 11 states with more than 30 suspects, including NBA hall of Famer Chauncey Billups, who's currently head coach of the Portland Trailblazers, and Miami Heat guard Terry Rogier.

[Nate Foy]

NBA players and coach accused of using insider information to influence prop bets, which are bets placed on an individual player's performance rather than the result of the game. But of course, it does impact the result of the game. Fox's Nate Foy, Rozier's lawyer, tells Fox News, quote, it is unfortunate that instead of allowing him to self surrender, they opted for a photo op talking about the feds. They wanted the misplaced glory of embarrassing a professional athlete with a perp walk. That tells you a lot about the motivations in this case.

[Anchor]

In addition to the illegal sports betting betting allegations, there's a second indictment over rigged poker games backed by four of the five major mafia families. Billups, the Portland coach accused of taking part in those, a former Toronto Raptors player, already pleaded guilty in the same investigation, admitting to altering his performance to facilitate prop bets. The White House just confirming President Trump has pardoned the founder of crypto giant Binance, Changpeng Zhao, who had pleaded guilty to enabling money laundering. White House spokeswoman Caroline Levitt says he was prosecuted by the Biden administration under what she calls their war on cryptocurrency. Also just getting word that New York City Mayor Eric Adams, after dropping his bid for reelection, is now endorsing former Governor Andrew Cuomo for mayor. Cuomo, running as an independent, and Republican Curtis Sliwa are trailing Democratic Socialist Zoran Mamdani in the polls. America is listening to FOX News.

[Will Caine]

It's Will Caine COUNTRY Watch it live at noon Eastern Monday through [e-mail] or on the Fox News YouTube channel. And don't miss the show. Follow the podcast five days a week at foxnewspodcasts.com or wherever you download your favorite podcasts.

[Lisa Brady]

The stakes get higher in the US Senate, which keeps trying to pass short.

[Anchor]

Term spending to end the government shutdown.

[Lisa Brady]

And today also plans a test vote.

[Anchor]

On a bill to pay essential federal employees who've been working during the shutdown, but without pay.

[FBI Director Cash Patel]

It's a dare by Senate Republicans. The GOP wants Democrats to either pay essential workers or make them keep working without a paycheck. Pennsylvania Democrat John Fetterman previously voted with the GOP to fund the government.

[Senator John Fetterman]

I'm a country over party guy. I'm always going to vote to pay our military over the party. If I pay a price within my base, you know, that's something I'm willing to do.

[FBI Director Cash Patel]

Fetterman is one of three senators who caucuses with the Democrats who voted to open the government.

[Lisa Brady]

Fox's Chad Pergrim on the Hill, Democratic congressional leaders still pushing for health care.

[Anchor]

Issues to be addressed as part of the shutdown instead of after it. Felony charges filed against a line cook at a Venezuelan restaurant in Doral, Florida.

[Cesar Gonzalez]

The restaurant's owner and chef, Cesar Gonzalez, said he felt betrayed when a cook in his kitchen violated his trust.

[Judge Mindy S. Glaser]

It's the heart of the restaurant.

[Cesar Gonzalez]

Carlos Francisco Gottberg Marquez, arrested this week accused of stealing three top secret recipe books on how to exactly prepare signature meals at Mordisco Miami, known for, among other things, its Venezuelan style steaks. Miami Dade Judge Mindy S. Glaser.

[Judge Mindy S. Glaser (continuation)]

You got arrested for theft of trade secrets.

[Cesar Gonzalez]

The judge speaking to the 50 year old who had been working there for just a month. Police say he was caught 30 minutes after swiping the books at his other job, a smoothie and sandwich shop just blocks away. C.J.

[Anchor]

Papa, Fox News Stocks are higher, not.

[Lisa Brady]

Much for the Dow. It's up about 25 points. The S&P up 27. The Nasdaq's rallying up 171.

[Anchor]

So are oil prices back up to.

[Lisa Brady]

Nearly $62 a barrel? Alisa Brady, FOX.