June 22, 2022

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

He should have listened to the song because this guy clearly didn’t know when to bend them.

professional poker player Cory Zeidman was arrested for fraud and money laundering related to a sports betting scheme that grossed over $25 million.

The Boca Raton, Fla. native also faces federal charges of conspiracy to commit wire fraud and mail fraud, and conspiracy to launder money in connection with the scheme that took place. extended from 2004 to 2020, according to a two-count indictment from the United States. States District Court for the Eastern District of New York.

The 61-year-old won a bracelet at the 2012 World Series of Poker.

The indictment says Zeidman and his anonymous cohorts received more than $25 million in interstate wire transfers and private commercial carriers during this period from victims who were tricked into believing the organization had information. preferred over games.

Part of the program involved placing radio advertisements in the United States with a “sophisticated white-collar approach to gathering sports information.” When people called, they were asked to pay a fee for the information.

“As alleged, Zeidman preyed on individuals who were tricked into believing he had inside information that would lead them to easy money,” the Homeland Security Investigations New York acting special agent said. . Ricky J. Patel said in a statement. “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.”

Learn more about:

Chat with uSports on Facebook! Receive the latest news and interviews directly on your Messenger!