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Poker professional Corey Zeidman was arrested in Florida and indicted in New York on the identical day for his management function in a large alleged sports activities betting scheme that price victims hundreds of thousands. [Image: Shutterstock.com]
Arrested and indicted in a day
An expert poker participant was arrested and indicted on the identical day for his function in heading up a sports activities betting group that allegedly duped victims out of tens of hundreds of thousands of {dollars}.
conspiracy to commit wire fraud, mail fraud and cash laundering conspiracy
In accordance with the US Legal professional’s Workplace for the Jap District of New York, (USAO-EDNY), Cory Zeidman was charged on Wednesday with conspiracy to commit wire fraud, mail fraud, and cash laundering conspiracy. The fees are in relation to Zeidman’s predatory sports activities wagering racket working out of Florida and Lengthy Island.
Zeidman’s two-count indictment was unsealed in US District Courtroom for the EDNY on the identical day authorities arrested him in Florida, the place he resides in Boca Raton. In accordance with the Division of Justice (DOJ), Zeidman’s preliminary look in relation to the fees might be on the federal courthouse in Miami.
Zeidman’s sports activities betting group, which was slick sufficient to position advertisements on nationwide radio to draw traders, allegedly conned its shoppers out of hundreds of thousands by claiming to own inside info on skilled and collegiate video games.
Confidence tricksters
By way of radio, Zeidman’s group allegedly promoted itself as a go-to agency for sports activities betting recommendation. Zeidman and his cronies then satisfied shoppers that the group had inside info on sporting occasions that will in the end profit bettors. Victims paid cash for this info, which the DOJ stated was “both fictitious or obtained from an web search by defendant and his co-conspirators.”
utilizing nothing greater than individuals’s love for sports activities and his intelligent phrases wrapped round a fraud”
Daniel Brubaker, US Postal Inspector in Cost, stated Zeidman bankrolled his lavish life-style “utilizing nothing greater than individuals’s love for sports activities and his intelligent phrases wrapped round a fraud.”
Ricky Patel, Performing Particular Agent-in-Cost, Homeland Safety Investigations (HSI), New York, stated the HSI and its companions would proceed to carry fraudsters reminiscent of Zeidman — “who finance their lavish existence by concocting methods to bamboozle the harmless” — to justice.
Predatory aims
Patel added the principle goal of alleged fraudsters like Zeidman was “lining their pockets with ill-gotten money.”
Because the USAO-EDNY shared by way of Twitter, Zeidman’s allegedly ill-gotten features bankrolled his high-roller life-style, which included poker tournaments:
Zeidman lived the excessive life on the again of his group’s alleged vampire-like preying upon victims who fell for the notion that inside sports activities betting info equated to straightforward cash.
As an alternative, Patel stated, the group was allegedly trafficking “nothing however lies and misinformation” that left victims’ “lives in monetary destroy and their financial institution accounts empty.”