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
How many shots are in Buckshot Roulette?
been trying to play double or nothing for some time, yet what frustrates me more is, that in case a round starts with 2 lives, the game gives you 8 total shotguns shell, which 4 of them are live and 4 of them blank shots.12 Apr 2024
Where is Buckshot Roulette available?
It was released on Steam by Critical Reflex on April 4, 2024 to coincide with a new update. The game has been likened to the 2021 roguelike video game Inscryption, featuring gritty and industrial visuals as opposed to Inscryption’s more rustic and mythical style.
What shotgun is used in Buckshot Roulette?
The shotgun used throughout the game is a wood furniture Remington Model 870. “1 LIVE ROUND. 2 BLANKS.” The Model 870 appears for the first time as the Dealer presents the first shells to the player.
What is the game buckshot shot Roulette?
The game involves the player playing a modified game of Russian roulette in an underground nightclub with a mysterious entity known as “the Dealer”, using a pump action shotgun instead of the revolver traditionally used in Russian roulette. The game consists of three rounds.
What does the cigarette do in Buckshot Roulette?
Description: The cigarette is one of the few items that restore the charges of your defibrillator, displayed under your name by lightning symbols. Though that free charge can be tempting, remember you can’t have more charges than you did when the round began.13 thg 4, 2024
Literally Mindblowing Gameplay. 15 to 20-minute intense playtime. Enter the arena, go three rounds against The Dealer, and walk away with the prize.
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