Professional Poker player Corey Zeidman arrested in betting scheme
In an operation headed up by Homeland Security, the professional poker player was brought to justice along with his accomplices.
In the world of gambling it would seem some aren’t content with playing by the rules.
Pro Poker player Corey Zeidman arrested for betting scheme
According to reports on Wednesday gone, Cory Zeidman, a 61 year old professional poker and winner of a bracelet at the 2012 World Series of Poker who amassed $690,146 in career earnings, was arrested and indicted on federal charges of conspiracy to commit wire and mail fraud as well as conspiracy to commit money laundering. It is understood that the federal indictment was handed down by the United States District Court for the Eastern District of New York. The indictment alleges that Zeidman and a number of other co-conspirators accumulated in excess of $25 million across the last 16 years as a result of their illegal activities.
What exactly was Corey Zeidman involved in?
What the indictment makes clear is that Zeidman who was actually the leader of the organization, worked alongside others to promote the notion of that they possessed privileged insider information connected to a host of “fixed games” for the purpose of betting on sporting events. The report goes on to indicate that Zeidman along with his partners “placed misleading radio ads in various U.S. markets, claiming to have a ‘sophisticated white-collar approach to gathering sports information.’” As it now stands, that claim was very much false.
Wow I’ve played poker with Corey a lot in Vegas over the years. He’s famous for this hand vs. Jen Harman near the beginning of the poker boom. Crazy stuff.https://t.co/scvs1essp0 https://t.co/se1xDVI6Gx
— Matt Smith (@SamENole) May 25, 2022
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Indeed, once in contact with the Zeidman’s organization, callers would be instructed to pay for the information they wanted about the specific sporting event. That’s to say that in order to have access to the alleged “fixed games that it received from physicians at colleges and television executives,” Zeidman and his co-conspirators would have to be paid first. As was stated previously, the information in question was all fake. Among some of the names associated with the false service were Gordon Howard Global and the Ray Palmer Group.
Who’s more wrong, Corey Zeidman or his ‘client?’
Speaking on the scenario Homeland Security Investigations New York acting special agent in charge Ricky J. Patel was frank. “As alleged, Zeidman preyed on individuals who were led to believe he had inside information that would lead them to easy money. In reality, he was selling nothing but lies and misinformation—bilking millions from victims along the way, leaving their lives in financial ruin and their bank accounts empty.”