Cory Zeidman Pleads Guilty to Sports Betting Fraud Scheme
Former WSOP bracelet winner Cory Zeidman has admitted guilt in connection to a $25 million sports betting fraud scheme. The 64-year-old poker pro, who was once celebrated in the poker community, has now become a cautionary tale of deception and greed. His involvement in this large-scale operation exploited vulnerable individuals seeking insider tips on sporting events.
Details of the Fraud
Zeidman’s scheme, operational between 2004 and 2020, revolved around fraudulent claims of having “privileged” information on sports outcomes. These false promises, primarily advertised via radio commercials, lured victims by guaranteeing substantial returns on their investments. However, most of these so-called insider tips were fabricated or drawn from publicly available information.
Clients paid hefty fees under the impression that they were engaging in secure betting opportunities. Instead, they were systematically defrauded, with the operation generating millions of dollars for Zeidman and his associates.
The Investigation and Guilty Plea
In May 2022, Zeidman’s fraudulent activities came to light when he was arrested. Initially maintaining his innocence, he even quoted Friedrich Nietzsche, portraying himself as a victim of overzealous authorities. Despite his declarations of moral integrity, mounting evidence led him to plead guilty in October 2024 to charges of conspiracy and wire fraud.
The plea was entered in the United States District Court for the Eastern District of New York, marking a significant shift in his defense strategy. His legal team acknowledged the overwhelming evidence against him, leaving no viable alternative.
Sentencing and Fallout
While sentencing has yet to be finalized, Zeidman faces a potential 20-year prison term and restitution payments amounting to $3.6 million. His arrest and subsequent plea have not only tarnished his reputation in the poker world but also ended his career as a respected player. He has since refrained from participating in live tournaments, though reports suggest he continues to play in smaller cash games in Florida.
Zeidman’s case underscores the dangers of greed and deceit, even in a community as tight-knit as the poker world. His fall from grace serves as a reminder of the importance of ethical conduct both at and away from the tables.
For more updates on this case and other poker-related news, stay tuned to PokerNews.
FAQ
Qual o valor da Loud?
Juntando a premiação e o dinheiro das skins, a LOUD tem US$ 1,3 milhão, que em conversão direta dá R$ 6,8 milhões. O valor ainda pode aumentar, dependendo de como as vendas alavancarem nesses últimos dias. Confira toda a repercussão do título mundial da LOUD no VALORANT Champions 2022 aqui no Mais Esports!
Who created League of Legends?
A lifelong gamer, Brandon “Ryze” Beck cofounded Riot Games in 2006 with a vision for a game that would become League of Legends and a game company that would redefine the way video games are developed, delivered, and supported for players.
LOL termasuk game apa?
League of Legends adalah permainan arena pertempuran daring multipemain (MOBA) di mana pemain mengendalikan karakter (“juara”) dengan serangkaian kemampuan unik dari perspektif isometrik .
What is the League of Legends lore?
The League serves as a proxy to conflict elsewhere in the land, allowing grudges to be settled and disputes resolved without resorting to the volatile magics of Runes. All forty of the game’s original champions, and subsequent additions, joined to the League to shape the world through these organised skirmishes.Jan 9, 2017
How do I play League of Legends?
The quickest and most common method to queue dodge is to close the client before champion select is over. The player can also fail to lock in a pick before the timer runs out, which will also cancel champion select.
