In the indictment, former president of the Denver Nuggets Timothy Leiweke has been accused of orchestrating a conspiracy to rig the bidding process for an arena at a public university in Austin, Texas.

Tim Leiweke, a driving force behind Ball Arena and several other sports and entertainment venues around the globe, has stepped down as CEO of Denver-based Oak View Group following a federal grand jury indictment for conspiracy to rig the bidding process at the Moody Center at the University of Texas at Austin.

UPDATED with Leiweke statement: The Justice Department indicted Oak View Group CEO Tim Leiweke, a longtime executive in live sports and entertainment who once ran AEG, in an alleged scheme to rig the bidding process at a public arena in Texas.