By Kyle Feldscher, CNN

Washington (CNN) — Former NBA star Gilbert Arenas was arrested Wednesday and is accused by the Department of Justice of being a part of a high-stakes illegal gambling ring that ran out of one of his California homes.

Arenas, 43, is facing a federal indictment on a count of conspiracy to operate an illegal gambling business, one count of operating an illegal gambling business and one count of making false statements to federal investigators. According to the Justice Department, Arenas rented out an Encino, California, mansion to host illegal poker games.

If convicted, Arenas faces up to five years in prison on each charge.

On Thursday, Arenas posted a video on Instagram of him dancing down a flight of stairs saying: “Can’t hold me, baby. They can’t hold me.”

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