Gilbert Arenas — CHARGED FOR ILLEGAL FIREWORKS … Faces Jail Time

Exclusive 0904-gilbert-arenas-tmzEx-NBA star Gilbert Arenas has been charged with a crime for transporting more than 100 pounds of dangerous fireworks right before the 4th of July … and could face serious jail time, our sources has learned. 

We broke the story … Arenas was pulled over by the California Highway Patrol on June 27 for speeding … and during the bust, cops say they found more than 100 pounds of fireworks.

Arenas was arrested — and now, we”ve learned he”s been charged with misdemeanor possession of dangerous fireworks without a permit.

Law enforcement tells our sources … because he had more than 100 pounds of bang bang, he faces up to 1 year in county jail and up to $10,000 in fines.

our sources cameras were rolling during the bust — as the LAPD bomb squad (carefully) removed the explosives from Gilbert”s Ford truck.

Arenas is due in court for the matter next month.