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
Online Casinos That Pay Out to Cash App 2026: Fast Bitcoin Withdrawals
What Online Casinos Pay Out to Cash App? (2026 Guide) If you want to withdraw casino winnings to Cash App, here’s the most important thing to know: most online casinos do not send money directly to your Cash App balance. Instead, they send Bitcoin to your Cash App Bitcoin wallet, and you sell it for cash inside the app within 15–60 minutes. This method works at top casinos like Cafe Casino, Slots.
Real Money Slots: Which Games Pay Real Cash in 2026
Real-money slots basics Real-money slots are casino games where you bet with actual cash and winnings are paid out in cash or casino credit. For example, a player deposits $25, spins a 5-reel video slot, and hits a bonus round that pays out $120, which is then eligible for withdrawal after meeting the site’s verification steps. Look for licensed operators (UK, Malta, or US state regulators) that publish clear payout rules and withdrawal options.
Earn Real Cash Playing Free Games: Top Apps 2026
Top Game Apps That Pay Real Money for Free Many free game apps let you earn real cash or gift cards just by playing on your phone. For example, apps like JustPlay and CashGamer pay out through PayPal after you hit a low minimum, such as $5, with no upfront fees needed. Users often report earning $2 to $5 daily after a few hours of casual play. How These Apps Work You download the app for free from the Google Play Store and pick from simple games like puzzles, match-3, or arcade hits.
Which Slot Has 99% RTP? Book of 99 and Other High-RTP Games
A slot with 99% RTP is Book of 99 by Relax Gaming, which is often cited as one of the highest-return slots available. Its RTP is listed at 99%, and it was released in 2021, making it a clear example for players who want a high-return game. RTP means “Return to Player,” and it shows the long-term percentage of money a slot is designed to pay back over time. For example, a 99% RTP means the game is built to return about 99 for every 100 wagered across a very large number of spins, but a single session can still go very differently.
Real Money Gaming: Withdrawal Processing and Platform Verification FAQ
Real Money Gaming: Withdrawal Processing and Platform Verification FAQ Real Money Gaming: Withdrawal Processing and Platform Verification FAQ Navigating the withdrawal process of games that pay real money often leads to confusion regarding timing and documentation. Understanding the backend “verification gates” can help you manage your expectations and avoid frustration when attempting to cash out your winnings. Withdrawals and Account Security Q: Why does my withdrawal from a real money game take so long?
Looking for apps that pay $100 a day? You’ve come to the right place! Our expert team shares top apps that offer real earning potential. Discover your next money-making opportunity today!
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
