In Florida, a 2012 World Series of Poker bracelet winner was arrested on multiple charges of fraud and money laundering related to a sports wagering racket. Per a report from ESPN at the end of May, Corey Zeidman of Boca Raton faces numerous federal charges of conspiracy to commit wire and fraud to conspiracy to commit money laundering. These charges stem from a scheme that Zeidman allegedly orchestrated from 2004 to 2020. The main crux of the operation centered around a service that had information relating to fixed sporting games that prospective gamblers could utilize.
In this article from SBS, we will go over more details of this operation and also more information on wagering in Florida.
According to the report from David Purdum of ESPN, Zeidman and his associates received more than $25 million in wire transfers and commercial carriers over the course of 16 years from victims. Per a federal indictment that came out the third week of May, victims of this scheme were led to believe that this “white-collar” organization had privileged information that made sports betting on certain events a “no-risk proposition.” In this case, listeners of radio ads placed by the organization were put in touch with professional-sounding groups like “Gordon Howard Global.” For a fee, callers were then given the opportunity to learn about “privileged information” about fixed games the fraudulent company had received from physicians at colleges along with television executives.
According to the two-count indictment out of the United States District Court for the Eastern District of New York, Zeidman, 61, spearheaded this scheme from 2004 to 2020.
In the same article, Purdum had some quotes from Homeland Security Investigations agents regarding the arrest.
“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 special agent Ricky J. Patel said in a release relating to the initial 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.”
Moreover, United State Attorney Breon Pearce shared in a statement that Zeidman deliberately “defrauded” his victims on numerous occasions. Pearce also said that Zeidman 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.”
Indeed it would appear that Zeidman’s “sophisticated white-collar approach to gathering sports information” is at an end. Now it remains to be seen what his legal proceedings will look like, which will no doubt feature a lot of lawyers and paperwork.
If you are interested in learning more about the different news coming out of the Sunshine State, make sure to check out our Florida sports wagering guide. On this handy page, you can find all kinds of great info related to betting in Florida, along with an awesome catalog on welcome bonuses if you so desire. On the topic of bonuses, SBS has done a lot of the heavy lifting for you by putting together our welcome bonus overview page, which goes over all the latest ways to maximize your bets. Also, if you are someone that is always on the go, then our detailed breakdown on mobile wagering is a fantastic resource for everything regarding placing bets on your mobile device.
About the Author
As a devout aficionado of sports, Chris Boline has carved a career within the athletic realm. A skilled scribe, he boasts a decade-long portfolio that encompasses coverage of the NBA G League, the Los Angeles Chargers, football and basketball across the country. Beyond his professional pursuits, Chris is deeply invested in his community and dedicates his leisure hours to serving on boards, collaborating with community organizations, and cherishing the company of loved ones. CURRENTLY Business Development and freelance sports writing RESIDES IN Reno, NV EDUCATION University of Nevada BS and MBA EXPERTISE -Sports writing proficiency in: NFL, NBA, UFC, boxing, golf, and some motor sports -Topical news -Promotional and marketing ideas/updates -Business development Summary Chris Boline serves in a business development sales capacity as his day job. He has previously held sales/marketing positions with The Applied Companies (TAC), KTVN 2 News and the NBA G League’s Reno Bighorns, affiliate of the Sacramento Kings. He is a Reno native and is a member of various community boards including the Nevada Sagebrush Alumni Chapter, NCET and the College of Business Alumni Association (COBAA). Chris graduated from the University of Nevada in 2015 with a bachelors in management and economics and also earned his MBA from Nevada in 2023. More about Chris: Past president of the College of Business Alumni Association (COBAA) 2022-23 Two-time honoree for University of Nevada Alumni Chapter of the Year (Nevada Sagebrush Alumni Chapter, 2017 & COBAA, 2021) 2021 NCET award for Professional Services Organization of the Year with TAC Northern Nevada Human Resources Association 2020 Best Places to Work-Northern Nevada, Second Place with TAC 2016-17 Reno Bighorns MVP from the Sacramento Kings The Nevada Sagebrush editor-in-chief 2013-15 Associated Collegiate Press 2015 Four-year Non-daily Newspaper Pacemaker honoree University of Nevada, Reno College of Business Dean's List honoree (5x) from 2011-2015 Nevada Press Association award for Best Sports Column – Community in 2015 Education
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