Posted: December 5, 2024, 03:46.
Last updated: December 5, 2024 03:46h.
Cory Zeidman, a professional poker player and sports betting agent, pleaded guilty Wednesday in federal court in New York to defrauding customers in his sports handicapping business.
Federal authorities say Corey Zeidman charged “exorbitant” fees for sports betting advice that was “fictitious or obtained from Internet searches.” (Image: Seminole Coconut Creek)
Federal prosecutors say the World Series of Poker bracelet winner and his co-defendants defrauded customers into paying for betting advice by claiming to have inside information, “spread lies, and paid for their savings and retirement.” He simply extorted millions of dollars from his gold account.”
Zeidman, 61, of Boca Raton, Florida, has earned nearly $700,000 in tournament winnings over his 25-year poker career. He won the WSOP title in 7 Card Stud in 2012. Before that, she was perhaps best known for her slow rolling Jennifer Herrmann while holding a straight flush against a packed Jennifer Herrmann in the 2005 WSOP Main Event.
The scheme generated $25 million
Prosecutors say that from 2004 to 2020, Zeidman’s racket provided bettors with access to “privileged information” about player injuries, “dirty officiating” and “fixed” sporting events, all of which It was said that it was a lie. The organization promoted its services on national radio using pseudonyms such as “Gordon Howard Global” and “Ray Palmer Group.”
When gamblers contacted the organization to potentially invest in the scheme, they received information from doctors regarding the injury, and TV executives provided details about the outcome of the supposedly scheduled match in advance. It is said that the organization has been informed of this. This made sports betting a “low to no risk proposition,” prosecutors said.
According to court details, Zeidman and his co-defendants collected approximately $25 million in “exorbitant” fees from customers in exchange for “fictitious information or information obtained from Internet searches.”
Shortly after his arrest in 2022, Zeidman told Poker News that he intended to plead not guilty, citing Nietzsche (the last refuge of the scoundrel?).
“In the words of Nietzsche, ‘everything the state says is a lie and everything it has is stolen,'” he declared.
victim does not consent
But his victims say it was Mr. Zeidman, who was behind the fabrication and theft, who contacted the Department of Homeland Security about the plan. This is in contrast to the Poker News article in which he described himself as “a person of the highest standards of morals and integrity.”
Sports bettors sought advice from Corey Zeidman before placing their money on the line, but he made a fortune through deceptive practices, outright lies, and high-pressure tactics that took advantage of unsuspecting customers. It was Mr. Zeidman himself,” said Charles Walker, a special agent with the New York Department of Homeland Security. In a statement.
Zeidman pleaded guilty to conspiracy to commit mail and wire fraud, which carries a maximum sentence of 20 years in prison.
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