"Mr. Oakley was suspected of adding to or reducing his wager on a gambling game after the outcome was known", the report said. A source told TMZ that Oakley tried to remove a $100 chip from a wager before being confronted.
Oakley was taken into custody and charged with committing or attempting to commit a fraudulent act in a gaming establishment.
Oakley was arrested by Nevada Gaming Control Board Enforcement Agents at the Cosmopolitan of Las Vegas.
Fiat workers strike over Ronaldo signing
Liverpool FC finished in fourth place in the Premier League table last season as they secured Champions League qualification for next season.
Former NBA star Charles Oakley has found himself in trouble again, in a place where he's found plenty of trouble in the past. If convicted, he faces one to six years in prison.
Oakley's Las Vegas arrest comes after a high-profile spat with the Knicks past year following his forcible ejection from Madison Square Garden during a game in February.
A source close to Oakley tells us, "This is an insignificant matter that will be quickly resolved".
It was not clear what game Oakley was playing at the time.
Game of Thrones leads Emmy nominations, but Netflix dethrones HBO as leader
The awards will be handed out at the Microsoft Theater in Los Angeles on September 17 and broadcast on NBC. Netflix is the most nominated network, with 112 - breaking a 17-year streak at the top for HBO .
Oakley was arrested on three counts of assault for his fight with the security guards and another for criminal trespassing.
The 19-year NBA veteran now is serving as head coach of the Killer 3s in the Big3 summer basketball league.
Last year, he was escorted from his seats at Madison Square Garden and arrested after an altercation near team owner James Dolan. Oakley has fought the charges.
Russian agents accused of hacking DNC during 2016 election
There will always be adversaries who work to exacerbate domestic differences and try to confuse, divide, and conquer us. Trump and Putin are scheduled to hold talks Monday in Finland, a meeting largely sought by Trump.