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
Wizard of Oz Slots Free Unlimited Coins — What’s Real and What’s Risky (2025 FAQ)
Is there such a thing as unlimited free coins? No. The term “unlimited” is misleading. The game’s servers control all coin balances; no app, file, or generator can truly create coins. Any website claiming to give unlimited coins is either fake or malicious. Why do so many sites promise hacks or generators? Because they rely on clicks and data collection. Most “Wizard of Oz unlimited coin” pages ask you to complete surveys, install apps, or log in with your Facebook — that’s how they farm data.
Is the Wizard of Oz slot free?
The game is free to play; however, in-app purchases are available for additional content and in-game currency. Wizard of Oz Slots game is FREE to download and includes optional in-game purchases (including random items). Information about drop rates for random item purchases can be found in-game.
How do you sync Wizard of Oz slots?
Simply sign up in game with an email address to create an account, then use that same email address to sign into each of your devices on each game. Once you are connected, your Loyalty Lounge points are connected as well.
How to get more credits on Wizard of Oz slots?
Credits can be earned through regular gameplay or bought directly. Using the Wizard of Oz Slots Store gives you 10% more Credits on purchases than in-game.
What is TP in WPT poker?
What is TP in WPT poker? Tournament Points (TPs) are used to buy into VIP tournaments on ClubWPT. All players start with a fixed amount of TPs (500) upon opening a VIP account. They cannot be reloaded, but will be automatically “topped up” once per day.
News and updates about the Zynga game Wizard of Oz Slots, free coins, and new machines.
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
