{"id":9937,"date":"2025-10-08T01:47:26","date_gmt":"2025-10-08T01:47:26","guid":{"rendered":"https:\/\/casino-online-best.com\/index.php\/2025\/10\/08\/wsop-bracelet-winner-cory-zeidman-pleads-guilty-in-3-7-million-dollar-betting-scam\/"},"modified":"2025-10-08T01:47:26","modified_gmt":"2025-10-08T01:47:26","slug":"wsop-bracelet-winner-cory-zeidman-pleads-guilty-in-3-7-million-dollar-betting-scam","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/10\/08\/wsop-bracelet-winner-cory-zeidman-pleads-guilty-in-3-7-million-dollar-betting-scam\/","title":{"rendered":"WSOP Bracelet Winner Cory Zeidman Pleads Guilty in 3.7 Million Dollar Betting Scam"},"content":{"rendered":"<div>\n<p>Poker player Cory Zeidman, a World Series of Poker (WSOP) bracelet winner, is awaiting sentencing after pleading guilty to federal fraud charges tied to a multimillion-dollar sports betting scam that operated between New York and Florida. Authorities said Zeidman used false claims of insider sports information to deceive investors out of their savings.<\/p>\n<hr>\n<p><em><strong>Good to Know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Zeidman pleaded guilty to federal fraud charges in December 2024.<\/strong><\/em><\/li>\n<li><em><strong>He must forfeit 3.7 million dollars and repay more than 5 million dollars in restitution.<\/strong><\/em><\/li>\n<li><em><strong>Prosecutors recommend 33 to 41 months in prison, though the judge will decide the final sentence.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>According to court documents, Zeidman ran a fraudulent organization that promoted so-called <em>\u201cprivileged information\u201d<\/em> about sporting events, claiming it guaranteed risk-free profits. Victims were persuaded to pay large sums for this fake data, believing it gave them a competitive edge in betting.<\/p>\n<p>In reality, prosecutors said, there was no insider information\u2014only deception. Zeidman and his associates used high-pressure sales tactics and false advertising to lure customers, many of whom lost their life savings or retirement funds.<\/p>\n<p>U.S. Attorney Breon Peace said during Zeidman\u2019s arrest in 2022:<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><em>\u201cZeidman defrauded his victims, stole their life savings, 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.\u201d<\/em><\/p>\n<p>The fraudulent operation reportedly netted millions in profits, which Zeidman used to fund a lavish lifestyle that included luxury travel and competitive poker events.<\/p>\n<h2>From Poker Success to Criminal Conviction<\/h2>\n<p>Zeidman was a known figure in the poker world, with nearly 700,000 dollars in live tournament earnings and a WSOP bracelet won in 2012. His reputation in the poker community initially helped him appear credible to potential investors, prosecutors said.<\/p>\n<p>Despite initially denying all allegations, Zeidman ultimately pleaded guilty in December 2024 in a federal court in the Eastern District of New York. The U.S. Department of Justice later released a redacted sentencing recommendation obtained by PokerNews, suggesting a prison term between 33 and 41 months.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>In addition to his prison sentence, Zeidman must forfeit 3.7 million dollars in illegal gains and pay more than 5 million dollars in restitution to 21 victims of the scheme.<\/p>\n<p>However, the sentencing judge is not obligated to follow the government\u2019s recommendation, leaving open the possibility of a lighter or harsher sentence.<\/p>\n<h2>Pattern of Deceptive Practices<\/h2>\n<p>Federal prosecutors described Zeidman\u2019s operation as a calculated con built on <em>\u201cdeceptive practices and outright lies.\u201d<\/em> He allegedly used multiple aliases and business names to hide his identity and evade accountability.<\/p>\n<p>Officials emphasized that Zeidman\u2019s conduct reflected a growing trend of fraudulent \u201csports investment\u201d operations targeting individuals looking for quick profits in the booming betting industry.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/poker-news\/wsop-bracelet-winner-cory-zeidman-pleads-guilty-in-3-7-million-dollar-betting-scam\/\">WSOP Bracelet Winner Cory Zeidman Pleads Guilty in 3.7 Million Dollar Betting Scam<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Poker player Cory Zeidman, a World Series of Poker (WSOP) bracelet winner, is awaiting sentencing after pleading guilty to federal fraud charges tied to a multimillion-dollar sports betting scam that operated between New York and Florida. Authorities said Zeidman used false claims of insider sports information to deceive investors out of their savings. Good to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-9937","post","type-post","status-publish","format-standard","hentry","category-poker"],"blocksy_meta":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9937"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9937\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}