Cory Zeidman, former WSOP bracelet winner, arrested on charges of fraud...

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  • VeggieDog
    SBR Hall of Famer
    • 02-21-09
    • 7214

    #1
    Cory Zeidman, former WSOP bracelet winner, arrested on charges of fraud...
    Cory Zeidman, a professional poker player and former WSOP bracelet winner, has been arrested on charges of fraud and money laundering related to a sports betting scheme that brought in more than $25 million from alleged victims.



    Full Title:
    Cory Zeidman, former WSOP bracelet winner, arrested on charges of fraud, money laundering related to $25 million sports betting scheme



    A professional poker player was arrested Wednesday on charges of fraud and money laundering related to a sports betting scheme that brought in more than $25 million from alleged victims.


    Cory Zeidman, of Boca Raton, Florida, faces federal charges of conspiracy to commit wire fraud and mail fraud, and conspiracy to commit money laundering as part of the scheme that spanned from 2004 to 2020, according to a two-count indictment out of the United States District Court for the Eastern District of New York.


    A law enforcement source confirmed to ESPN that Zeidman, 61, is a professional poker player who won a bracelet at the 2012 World Series of Poker.


    According to the federal indictment unsealed Wednesday, Zeidman and his unnamed co-conspirators received more than $25 million in interstate wire transfers and private commercial carriers over 16 years from victims who were led to believe that the organization had privileged information that made betting on sporting events a no-risk proposition.


    As part of the scheme, Zeidman and his co-conspirators placed misleading radio ads in various U.S. markets, claiming to have a "sophisticated white-collar approach to gathering sports information."


    When listeners contacted the service, which used names like "Gordon Howard Global" and "Ray Palmer Group," they were told the organization had privileged information about fixed games that it received from physicians at colleges and television executives, according to the indictment. Callers were asked to pay a fee for access to the information.


    "As alleged, Zeidman preyed on individuals who were led to believe he had inside information that would lead them to easy money," Homeland Security Investigations New York acting special agent in charge Ricky J. Patel said in a release announcing the arrest. "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."


    United States Attorney Breon Peace said in the statement that Zeidman "defrauded" his victims and persuaded them to "drain their retirement accounts to invest in his bogus sports betting group, all so he could spend it on international vacations, a multi-million dollar residence and poker tournaments."
  • gauchojake
    BARRELED IN @ SBR!
    • 09-17-10
    • 34113

    #2
    Scam touts getting what's coming to them. I love it. These fukks better take notice.

    The "Ray Palmer Group" advertised heavily here on AM sports radio here in LA.

    Classic
    Comment
    • sweethook
      SBR Posting Legend
      • 11-21-07
      • 12667

      #3
      love a feel good story
      Comment
      • ChuckyTheGoat
        BARRELED IN @ SBR!
        • 04-04-11
        • 37428

        #4
        Interesting story. I have seen several Zeidman videos. What I know:

        1) He was actually known as a good Stud poker player.
        2) He ran the worst slow-roll ever in Hold-em vs Jennifer Harman. Harman turned a Full House, Zeidman rivered a STRAIGHT FLUSH. With the super-nuts...he slow-rolled Harman and stacked her.
        3) Of course, he was a joke on the old Tout videos.

        Greed catches up to you. If he made $$ off the tout stuff, get out and try to have some self-respect.
        Where's the fuckin power box, Carol?
        Comment
        • ChuckyTheGoat
          BARRELED IN @ SBR!
          • 04-04-11
          • 37428

          #5
          Here's the poker hammer-hand:

          Where's the fuckin power box, Carol?
          Comment
          • clockwise1965
            SBR Hall of Famer
            • 10-01-13
            • 6753

            #6
            Great news... F.. ings touts..
            Comment
            • jjgold
              SBR Aristocracy
              • 07-20-05
              • 388179

              #7
              This is every tout all scammers
              Comment
              • ChuckyTheGoat
                BARRELED IN @ SBR!
                • 04-04-11
                • 37428

                #8
                BTW, Kd must have been folded by someone else. One out on the river.
                Where's the fuckin power box, Carol?
                Comment
                • pablo222
                  SBR Hall of Famer
                  • 01-03-19
                  • 8858

                  #9
                  Originally posted by ChuckyTheGoat
                  Here's the poker hammer-hand:

                  Was gonna post that video. Crazy hand
                  Comment
                  • jjgold
                    SBR Aristocracy
                    • 07-20-05
                    • 388179

                    #10
                    I never met a poker player that wasn’t broke
                    Comment
                    • big joe 1212
                      SBR Posting Legend
                      • 06-01-08
                      • 19380

                      #11
                      Lots of suckers out there

                      Tons more suckers nowadays with kids getting hooked on sports betting, which leads to more touts
                      Comment
                      • pablo222
                        SBR Hall of Famer
                        • 01-03-19
                        • 8858

                        #12
                        Originally posted by jjgold
                        I never met a poker player that wasn’t broke
                        Online poker was an ATM machine back in the day
                        Comment
                        • gauchojake
                          BARRELED IN @ SBR!
                          • 09-17-10
                          • 34113

                          #13
                          Pablo was a prolific bum hunter
                          Comment
                          • pablo222
                            SBR Hall of Famer
                            • 01-03-19
                            • 8858

                            #14
                            Was 13 tabling low stakes tourneys Gooch.

                            Allowed me to be a bum for a few years.
                            Comment
                            • lonegambler23
                              SBR Hall of Famer
                              • 06-22-16
                              • 9760

                              #15
                              whens vegas dave serving time?
                              Comment
                              • ChuckyTheGoat
                                BARRELED IN @ SBR!
                                • 04-04-11
                                • 37428

                                #16
                                Originally posted by jjgold
                                I never met a poker player that wasn’t broke
                                Tell me more, Goldy.
                                Where's the fuckin power box, Carol?
                                Comment
                                • johnnyvegas13
                                  BARRELED IN @ SBR!
                                  • 05-21-15
                                  • 27897

                                  #17
                                  Poker players all trash

                                  Not classy like us sports bettors ...
                                  Comment
                                  • pablo222
                                    SBR Hall of Famer
                                    • 01-03-19
                                    • 8858

                                    #18
                                    Correct John. That is why I stopped playing SBR poker
                                    Comment
                                    • ChuckyTheGoat
                                      BARRELED IN @ SBR!
                                      • 04-04-11
                                      • 37428

                                      #19
                                      Originally posted by johnnyvegas13
                                      Poker players all trash

                                      Not classy like us sports bettors ...
                                      Haha. What about Horse bettors?

                                      "Hello, my classy-classy people."

                                      Where's the fuckin power box, Carol?
                                      Comment
                                      • jjgold
                                        SBR Aristocracy
                                        • 07-20-05
                                        • 388179

                                        #20
                                        Poker players scum of the earth
                                        Beg people to get into games as a backer lol
                                        Comment
                                        • ttwarrior1
                                          BARRELED IN @ SBR!
                                          • 06-23-09
                                          • 28457

                                          #21
                                          what was name of it and did anything happen to his helpers
                                          Comment
                                          • ChuckyTheGoat
                                            BARRELED IN @ SBR!
                                            • 04-04-11
                                            • 37428

                                            #22
                                            Originally posted by jjgold
                                            Poker players scum of the earth
                                            Beg people to get into games as a backer lol
                                            Ha-ha, so true. If a Poker Player secures a loan, they look at that as a Gain. Why pay it back?

                                            Goldy, evaluate the guy in post 19. Would you buy his Tip Sheet?
                                            Where's the fuckin power box, Carol?
                                            Comment
                                            • Crusherrr
                                              SBR MVP
                                              • 06-27-16
                                              • 3653

                                              #23
                                              Originally posted by jjgold
                                              I never met a poker player that wasn’t broke
                                              Maybe the old degens. Today's wizards are a different breed.
                                              Comment
                                              • gauchojake
                                                BARRELED IN @ SBR!
                                                • 09-17-10
                                                • 34113

                                                #24
                                                The biggest scams in the gambling world in the past 20 years have all been poker related. Poker players in general have a different moral compass.
                                                Comment
                                                • chargers4222
                                                  SBR MVP
                                                  • 01-16-10
                                                  • 4702

                                                  #25
                                                  I'm sure there's more to the story, but based on the info in this article alone, I don't even think this should be illegal. The guy is a scumbag, but if you're dumb enough to pay someone for picks then you deserve to lose your money. If anything, the radio stations selling ads to this guy should be held responsible.
                                                  Comment
                                                  • gauchojake
                                                    BARRELED IN @ SBR!
                                                    • 09-17-10
                                                    • 34113

                                                    #26
                                                    Jim Cramer is crapping his pants
                                                    Comment
                                                    • newton0038
                                                      SBR MVP
                                                      • 03-07-07
                                                      • 2389

                                                      #27
                                                      Only ripping people off for 16 plus years. Goof. Prison bookie next job
                                                      Comment
                                                      • ChuckyTheGoat
                                                        BARRELED IN @ SBR!
                                                        • 04-04-11
                                                        • 37428

                                                        #28
                                                        Originally posted by gauchojake
                                                        Jim Cramer is crapping his pants
                                                        Tell more. Is Cramer still pumping Lenny Dykstra?
                                                        Where's the fuckin power box, Carol?
                                                        Comment
                                                        • dlowilly
                                                          SBR Posting Legend
                                                          • 11-09-16
                                                          • 13862

                                                          #29
                                                          Originally posted by chargers4222
                                                          I'm sure there's more to the story, but based on the info in this article alone, I don't even think this should be illegal. The guy is a scumbag, but if you're dumb enough to pay someone for picks then you deserve to lose your money. If anything, the radio stations selling ads to this guy should be held responsible.
                                                          I think this is different because they were claiming the had info that they didn’t. Other touts just claim to be good at picking winners.
                                                          Comment
                                                          • Str8Mush4Life
                                                            SBR MVP
                                                            • 11-25-13
                                                            • 1030

                                                            #30
                                                            Originally posted by ChuckyTheGoat
                                                            Interesting story. I have seen several Zeidman videos. What I know:

                                                            1) He was actually known as a good Stud poker player.
                                                            2) He ran the worst slow-roll ever in Hold-em vs Jennifer Harman. Harman turned a Full House, Zeidman rivered a STRAIGHT FLUSH. With the super-nuts...he slow-rolled Harman and stacked her.
                                                            3) Of course, he was a joke on the old Tout videos.

                                                            Greed catches up to you. If he made $$ off the tout stuff, get out and try to have some self-respect.
                                                            He also completely nitted it up in one season of HSP. I think the table was him, Barry, Eli, Daniel, I think Antonio was there and that other dude Armon Fillipi (?) who was popular for about five seconds.
                                                            Comment
                                                            • Str8Mush4Life
                                                              SBR MVP
                                                              • 11-25-13
                                                              • 1030

                                                              #31
                                                              Originally posted by Crusherrr
                                                              Maybe the old degens. Today's wizards are a different breed.
                                                              THIS ^^^^ TIMES 1000.

                                                              I guarantee JJ has not rubbed elbows with any of the new generation of poker players. In fact, by JJ's assessment that today's NBA players are more concerned with how many kids they have then he's generally on the level of Matusow, so that explains his view on poker players.........
                                                              Comment
                                                              • Brandt Moat
                                                                SBR Wise Guy
                                                                • 05-26-21
                                                                • 885

                                                                #32
                                                                Very odd? Seems like most of these $$$$ scams are our "Trusted" Jewish brethren. Keep in mind they only make up a very small percentage of our population. Is there a possibility my bias view of our great Jewish race has some validity? I think so. Enjoy your day-as I will. Just be careful when dealing or working with these types.
                                                                Comment
                                                                • gauchojake
                                                                  BARRELED IN @ SBR!
                                                                  • 09-17-10
                                                                  • 34113

                                                                  #33
                                                                  Originally posted by Str8Mush4Life
                                                                  THIS ^^^^ TIMES 1000.

                                                                  I guarantee JJ has not rubbed elbows with any of the new generation of poker players. In fact, by JJ's assessment that today's NBA players are more concerned with how many kids they have then he's generally on the level of Matusow, so that explains his view on poker players.........
                                                                  Lol
                                                                  Comment
                                                                  • cankid
                                                                    SBR Hall of Famer
                                                                    • 08-22-08
                                                                    • 7223

                                                                    #34
                                                                    Quite the length of investigation
                                                                    Comment
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