June 22, 2022

Professional poker player Cory Zeidman arrested for his alleged role in a $25 million sports betting scheme | Launderer’s report

AP Photo/Wayne Parry

Professional poker player Cory Zeidman has been arrested and charged with federal conspiracy to commit wire fraud and mail fraud as well as conspiracy to launder money.

A federal indictment from the United States District Court for the Eastern District of New York was released Wednesday, by ESPN’s David Purdum. He alleges that Zeidman and unnamed co-conspirators banked more than $25 million over a 16-year period from people who believed the poker player ran an organization that had inside information about “rigged games” at sports betting purposes.

By Purdum:

“As part of the scheme, Zeidman and his co-conspirators placed deceptive radio advertisements in various U.S. markets, claiming to have a ‘sophisticated, white-collar approach to gathering sports news.’

“When auditors contacted the service, which used names such as ‘Gordon Howard Global’ and ‘Ray Palmer Group’, they were told the organization had inside information about the fixed games it received from doctors. of universities and television executives, according to the indictment. Appellants were asked to pay a fee to access the information.”

However, Zeidman and his co-conspirators allegedly had no inside information.

“In reality, he was selling nothing but lies and misinformation – defrauding millions of victims along the way, leaving their lives in financial ruin and their bank accounts empty,” said Acting Special Agent Ricky J. Patel. Homeland Security Investigations in New York. A declaration.

Zeidman and his co-conspirators also allegedly opened bank accounts from 2013 to 2020 “in the name of shell companies for the purpose of receiving the proceeds of the fraudulent scheme.”

Zeidman, 61, won a bracelet at the 2012 World Series of Poker. He has $690,146 in recorded winnings, per card player.