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  1. 26 May 2022, 8:58 pm #1
    econfox is offline Private Member
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    Default Cory Zeidman charged with fraud, money laundering in sports betting scheme

    Former WSOP bracelet winner Cory Zeidman charged with fraud, money laundering in sports betting scheme


    Here is the article from USAtoday

    A former World Series of Poker bracelet winner has been arrested for his alleged role in a sports betting scheme that collected more than $25 million from victims.
    In a two-count indictment filed May 17, the United States District Court for the Eastern District of New York charged Cory Zeidman, of Boca Raton, Florida with conspiracy to commit wire fraud and mail fraud and conspiracy to commit money laundering for his alleged role in the scheme, which ran from around January 2004 to March 2020, according to prosecutors.
    According to the indictment, Zeidman and his associates placed radio ads in various markets "which falsely advertised a 'sophisticated white-collar approach to gathering sports information' and promised 'wagering as investing, not high-risk gambling.' " Listeners were instructed to call a phone number, where they heard "among other things, that certain sporting events were predetermined, or 'fixed,' " and that Zeidman and his associates "had 'privileged' or 'inside' information" from team physicians and television executives, per prosecutors. Listeners were asked to pay for this information, which Zeidman and his associates claimed would lead to no-risk wagers.
  2. 27 May 2022, 12:59 am #2
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    Greed kills, no winners here except the economy from the spent cash

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    DaftDog (27 May 2022)
  4. 27 May 2022, 1:53 am #3
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    Greed and the willingness to reap the rewards of crooked “insider information” is very tempting to certain individuals. Unless some of these victims had mental disabilities, I don't feel sorry for them.
    Last edited by DaftDog; 27 May 2022 at 3:21 am. Reason: Correct spelling mistake

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