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
Best Real-Money Online Casinos in the USA
What Is the #1 Real-Money Online Casino in the USA? There isn’t one universally recognized #1 real-money online casino in the United States: rankings differ, and what’s legally available depends on where you live. One October 2026 review ranks Ignition first, citing its crypto payouts, 25x welcome-bonus wagering requirement, and poker room; another review highlights DraftKings for its game library. Before signing up, check that the casino is licensed to serve players in your state.
Best Casinos With No Deposit Bonuses 2026
Many online and sweepstakes casinos offer no deposit bonuses, but what is available depends on your location and the site’s license. These bonuses are usually small amounts of free money, free spins, or virtual coins that you can use just for signing up, without putting in any of your own money. They are often limited to specific games and come with rules around how much you must play through before you can cash out.
Free Spins No Deposit Casinos 2026: Top Bonuses That Give Real Money
What Casinos Give Free Spins No Deposit? Top 2026 Offers Reviewed If you want to play online slots without spending your own money, you can get free spins no deposit at several trusted casinos. These bonuses give new players free slot spins just for signing up, so you can try real games and even win real money without making a deposit. In June 2026, top options include BetMGM with $50 no deposit, Party Casino with 50 free spins, and sweepstakes casinos like Stake.
Best Sites for Free Spins No Deposit
If you are looking for sites that give free spins no deposit, the best places to start are casino bonus pages and trusted bonus listing sites. Examples include Casino.org, LiveScore, SportsLine, PokerNews, Freebets, Chipy, and Spinz, which all show current free spins or no-deposit bonus offers. These sites are useful because they update their promotions often and usually list the basic rules, such as the number of spins, the expiry date, and the wagering terms.
What were the original rules and betting options for roulette?
What were the original rules and betting options for roulette? The original rules and betting options for roulette were relatively simple. The game featured a spinning wheel with numbered pockets, typically ranging from 1 to 36. The early versions of the game also featured a single zero pocket, which gave the house a slight edge. In some variations, there was also a double zero pocket, which further increased the house edge.
Moozi Casino Login, No Deposit Bonus & App Guide
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
