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
Most Trusted Online Casino in Canada for Real Money
What Is the Most Trusted Online Casino in Canada for Real Money? The most trusted online casino in Canada for real money is usually one that is licensed, transparent, and easy to use, with clear rules for deposits, withdrawals, and bonuses. In current Canadian review roundups, TonyBet and Jackpot City are often named as top trust choices because they hold AGCO licences and operate under iGaming Ontario, which adds a strong layer of regulation for players.
PURE Casino Calgary Owner
PURE Casino Calgary is owned by Indigenous Gaming Partners through its ownership of PURE Canadian Gaming. The casino still operates under the PURE Canadian Gaming brand, so you may see both names used when looking at the property. PURE Canadian Gaming was acquired by Indigenous Gaming Partners in December 2024, which makes Indigenous Gaming Partners the current owner behind PURE Casino Calgary. For example, VICI Properties lists PURE Casino Calgary as a PURE Canadian Gaming property, showing how the operating brand and ownership can appear separately in public records.
Do Casinos Pay Real Money? Simple Guide to Real Payouts
Here is a clearer, more reader-friendly version with simple language, examples, and useful details: :::writing block Do Casinos Really Pay Real Money? What You Need to Know Yes, casinos do pay real money, and millions of players receive payouts every year. For example, in 2024, regulated casinos worldwide paid out billions of dollars in winnings, with some large jackpot slots awarding over $1 million to single players. Whether you visit a land-based casino in Ontario or play on a licensed online platform, real-money payouts are a standard part of the industry when the casino is legitimate.
The Worlds Best Casino: Bellagio Venetian Macao & Monte-Carlo Revealed
The world’s best casino is widely considered to be the Bellagio in Las Vegas, USA. A 2024 review by Casino.com ranked it first after studying reputation, design, gaming options, entertainment, amenities, and history. The Bellagio features over 2,300 slot machines, 140 table games, and famous attractions like its indoor fountain artwork. It also hosts high-end dining, luxury shopping, and nightly entertainment, making it a top choice for both casual players and serious gamblers.
Does Jackpot City Casino Pay Real Money? (2026 Truth)
Yes, Jackpot City Casino pays real money to Canadian players. You can deposit Canadian dollars, play over 1,500 real-money games with a 97.39% return-to-player rate, and withdraw your winnings in CAD. The casino is licensed in Ontario and by the Malta Gaming Authority, so it operates legally and securely for players across Canada. When you sign up, Jackpot City offers a C$1,600 welcome bonus spread across your first four deposits. Each deposit gets a 100% match up to C$400, so if you deposit C$400 four times, you get C$400 in bonus cash each time, totaling C$1,600.
Jackpot City Casino Canada: Login, Mobile Access & Ontario 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
