Cory Zeidman Pleads Guilty to Sports Betting Fraud Scheme

Cory ZeidmanWSOP Bracelet WinnerSports Betting FraudPoker NewsLegal Cases in PokerCory Zeidman FraudWSOP Winner Legal TroublesSports Betting ScamPoker Legal NewsWire Fraud Conspiracy 🕒 2 🗒️ 362

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

What game pays real money fast?

Games like Bingo Cash and Solitaire Cash often pay as early as the next day, but timelines can vary. The best way to make sure you’re paid quickly is to know how you’re getting paid before you start. Online games that pay real cash usually send your winnings bank transfers or payment services like Apple Pay and PayPal.

What is a Rake Chase?

What is a Rake Chase? Rake chases are poker promotions which are incentives for players to rake more and reward them generously for that. In contrary to a rake race, you don’t compete against other players , but instead chase your own individual targets. In order to hit the points targets you need to play a certain amount of poker hands or tournaments for real money. As soon as you hit the points requirement, you have secured yourself the amount of money, which was preset for the respective level.

Do any apps actually pay real money?

Swagbucks is a well-known app that has paid out over $470 million to users over the last 10+ years. You can earn rewards for shopping online, answering surveys, playing games, and watching videos. A wide variety of gift cards and rewards are available.2023. 12. 8.

Are the games for cash legit?

Yes, there are mobile apps that promise such a thing. How can these apps pay you to play games? In many cases, you’re making them money by watching ads and filling out surveys between games. Your earnings will likely be a few cents a day, and payouts are generally made once you earn a minimum amount, like $5.2021/11/24

How did the introduction of online casinos impact the game of roulette?

How did the introduction of online casinos impact the game of roulette? The introduction of online casinos has had a significant impact on the game of roulette. Online casinos made roulette and other casino games easily accessible to anyone with an internet connection. Players can now enjoy their favorite casino games from the comfort of their own homes, without having to travel to a land-based casino. Online casinos also introduced new variations of roulette, such as multi-wheel roulette and mini-roulette, which are not typically found in traditional casinos.

This site only collects related articles. Viewing the original, please copy and open the following link:Cory Zeidman Pleads Guilty to Sports Betting Fraud Scheme

games that pay real money instantly
Latest Articles Popular Articles
Recommended Articles
# Article Title Keyword Article Link Article Details
Eligible Countries for EVERYGAME Poker: Join the Action with bonus code
WPT Global Review 2025 — Why It’s One of the Best Online Poker Sites Today
WPT Global Cow Boy:A Players Perspective
One Shot – Freezeout Tournament by WPT Global
Use WPT Global Passport Dollars to Enter Triton High-Stakes Events
Online Casino Welcome Bonus No Deposit 2025
Golden Bounty Championship: Your Weekly Shot at $100K on WPT Global
2024 WPT Prime UK Championship will kick off on September 13
Top 5 Online Casinos of 2025: Where to Play and Win Big
Qualify for Red Dragon Poker Tour Jeju 2025 via WPT Global Satellites
WPT® Global Fall Festival Features Three WPT Championship Events This September
Is Global Poker Real Money?
WPT Global Withdrawal Guide: Cashing Out Made Simple
Which Countries Can Play WPTGlobal in 2024?
How to Win at Online Slots in 2025 with WPT Global
Vincent Meli Raises to 100000 with K♣️ J♣️ Francois Tosques Calls with K♦️ 10♥️
Frank Stepuchin Leads 2024 WPT Seminole RRPO After Day 1
2025 WSOP Explosion! New Formats + Huge Prizes Poker Players Must Not Miss It!
Bitstarz no deposit bonus up to 5 BTC and 200 free spins
Top No Deposit Bonus Casinos in 2025: Play and Win Without Spending a Dime
Martin Tsvetanov Wins Record-Breaking Eureka Main Event at EPT Prague
Best Poker Site for Real Money 2025 — Why WPT Global Stands Out
Is Online Poker Rigged?
No Deposit Free Spins at WPT Global – Play Without Spending
WPT Global No Deposit Bonus 2025 – Try Real Online Poker Risk-Free
Use WPT777 Bonus Code to Claim Your Special Offer at WPT Global
WPT Global Casino: A Fun-Filled Adventure
WPT Prime Championship Returns with Jereld Sam Shining
Top Online Casino Apps of 2025
WPT Global Million Sunday Hyper PKO Showdown: Event Details & Guide
Meet the Final Table of the 2024 EPT Barcelona Main Event
What is Hyper Dash in WPT Global?Dive into Quick Thrilling Poker Action!
Who Has the Most WSOP Bracelets?
New Rules for WSOP Paradise: Electronic Devices and Real-Time Assistance
WPT Global’s Sunday Hyper PKO Showdown: Low Buy-In High Excitement
Play Online Poker on Android: The 2025 Guide
How to Qualify for WPT Live Events Online in 2025
Timothy Chung: From Birthday Party to WPT Prime UK Champion
WPT Account Recovery Guide
WPT Globals New Welcome Bonus: Up to $3580 in Rewards
WPT Global ¥110 CN¥ Million Sunday Hyper PKO Showdown​
The Thrilling Race for WPT Season 22 Player of the Year at Wynn Las Vegas
Phil Ivey Hosts Festive Meet-Up Game at Wynn Las Vegas This December
Cory Zeidman Pleads Guilty to Sports Betting Fraud Scheme
Qualify for the WPT Global Main Event via Low Buy-In Satellites
WPT Global: The Premier Choice for Poker Players
WPT Global Casino: A Fun-Filled Adventure
Most Trusted Online Casino: WPT Global
WPT Global Bonus Terms: Cashing In Made Simple
Paulius Plausinaitis Wins GGMillion$ SHR for $315054
How to Download Register and Master WPT Global: 2025 Ultimate Guide
What are WPT Global Satellites?
How to Start Playing Online Poker in 2025: A Beginner’s Guide
Top Online Poker Tournaments to Watch and Play in 2025
WPT Global vs GGPoker: Which Poker Platform Should You Choose in 2025?
WPT Global Now Title Sponsor For Triton Poker Super High Roller Series
What is the prize pool for WPT Prime Taiwan
WPT Global Newest Promo: Ticket to Some Additional Play Money
Doug Polk Faces Backlash Over Playing in His Own Tournaments at The Lodge
WPT Global Tournament Schedule 2025
A Woman’s Guide to Selecting the Perfect Sex Toy
How to Win at Online Blackjack: Strategies for 2025
Most Popular Games on WPT Global A Comprehensive Guide
Play Real Money Poker in 2025 with WPT Global
What are WPT Global Cash Games in brazil?
Brazilian Rising Star Shocks Everyone by Winning Million-Euro Prize in Monte Carlo Poker World Welcomes a Super Dark Horse!
Shevliakov’s Comeback Wins Million-Euro Prize! How Did an Amateur Shock Everyone at the EPT Monte Carlo?
WPT World Championship 2024 Kicks Off at Wynn Las Vegas: What to Expect
Can I Play GGPoker in the US?