June 22, 2022

Professional poker player Cory Zeidman arrested in $25 million sports betting scheme

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Cory Zeidman, a professional poker player who won a bracelet at the 2012 World Series of Poker, was arrested and charged Wednesday with conspiracy to commit wire and mail fraud and conspiracy to launder money. According to ESPN’s David Purdum, the federal indictment was issued by the United States District Court for the Eastern District of New York.

The indictment alleges that Zeidman and several unnamed co-conspirators made more than $25 million over the past 16 years after the professional poker player ran an organization that had inside information about “rigged games.” for sports betting.

According to ESPN’s report, Zeidman and others involved in the scheme “placed deceptive radio advertisements in various U.S. markets claiming to have a ‘sophisticated white-collar approach to collecting sports news.’ “would have been wrong.

Upon contacting the group, callers would be told they had to pay for information about what Zeidman and his co-conspirators claimed were “rigged games he was getting from college doctors and TV executives,” according to ESPN. The inside information was all wrong.

The allegedly bogus service was referred to by several names, including Gordon Howard Global and Ray Palmer Group.

“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, 61, has amassed $690,146 in career earnings, according to Card Player.