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
No-Deposit Casino Bonuses: Claim Free Spins Now
No-deposit bonuses are promotions where a casino gives new players free spins or small bonus cash without requiring an initial deposit; for example, a site might award 20 free spins or $10 in bonus play just for signing up and verifying your account, but those winnings usually have wagering requirements such as 30x before you can withdraw any cash. BitStarz often runs no-deposit free-spin promotions—recent examples included 50 free spins for new accounts—while large operators like Caesars or BetMGM sometimes run targeted no-deposit credits in specific regions; these offers typically restrict eligible games (commonly popular slots) and cap maximum withdrawable winnings (for instance, a $100 cap) so check the terms before claiming.
Big Shot Casino No Deposit Bonus: 10K GC + 2 SC
1. Does Big Shot Casino have a no deposit bonus? Yes, Big Shot Casino does appear to offer a no deposit bonus for new players. The offer is commonly reported as 10,000 Gold Coins and 2 Sweeps Coins, and it is described as a no-purchase welcome reward. This means you can usually claim it after signing up without making a deposit first. 2. What the bonus includes The bonus is split into two parts: Gold Coins and Sweeps Coins.
Best No Deposit Casino Bonuses
The best online casino for a no-deposit real money bonus is usually a licensed site that gives you free bonus funds or free spins, clearly explains the wagering rules, and allows real cash withdrawals after you meet the terms. A strong example is BetMGM, which has been highlighted in current bonus roundups as one of the better no-deposit offers for eligible players in states such as Michigan, New Jersey, and Pennsylvania.
Best Casino Welcome Bonus for New Players: Clear Real-World Value
What counts as the best welcome bonus for new players A great offer combines a generous deposit match with low play-through requirements and some no-deposit value. For example, a 100% match up to $1,000 paired with 20x wagering and a small no-deposit bonus can deliver strong initial value while staying realistic to clear. This mix helps you build balance without forcing you into heavy risk. A no-deposit option is highly appealing for first-timers who want to test the site.
What is the origin of the name Roulette?
What is the origin of the name Roulette? The origin of the name “roulette” is French and it means “little wheel”. The name is derived from the fact that the game is played on a small wheel that spins around, with players betting on where the ball will land. The word “roulette” was first used in its current context in the 18th century, although the game itself dates back much earlier.
Casino Extreme No Deposit Bonus Bonus Codes & Existing Player Offers
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
