Cory Zeidman Pleads Guilty to Sports Betting Fraud Scheme

Cory ZeidmanWSOP Bracelet WinnerSports Betting FraudPoker NewsLegal Cases in PokerCory Zeidman FraudWSOP Winner Legal TroublesSports Betting ScamPoker Legal NewsWire Fraud Conspiracy 🕒 2 🗒️ 362

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

Watch WSOP 2025: Free YouTube Streams & PokerGo Coverage Guide

The 2025 World Series of Poker (WSOP) can be watched through several options, including free livestreams on YouTube and paid coverage via streaming services that carry PokerGo. For many fans, the free YouTube streams provide daily coverage of major events, including previews, live action, and highlights, which makes it easy to follow along without a subscription. The WSOP YouTube channel often posts full event videos, reaction clips, and sometimes player interviews, so viewers can catch up on key hands or watch moments they missed.

Who Won the 2025 WSOP?

1. 2025 WSOP Winner Michael “The Grinder” Mizrachi won the 2025 World Series of Poker Main Event. He earned the top prize of $10 million after defeating John Wasnock in the final heads-up match. 2. Final Match Result The final table ended with Mizrachi finishing first and Wasnock taking second place. Wasnock earned $6 million for his runner-up finish. 3. Why This Win Matters Mizrachi’s victory was one of the biggest moments of the 2025 WSOP because it added another major title to his career.

WSOP 2025 Main Event: How Many Players Joined the Field

WSOP 2025 Main Event drew 9,735 entrants, the third-largest field in WSOP history. This result reflects a strong turnout with significant global participation and a record-breaking pace for the year. In practical terms, that means a crowded tournament floor, deeper prize pools, and many players advancing through multiple starting flights before a late-day re-entry window closed. For more context, official reports and industry analyses placed the total entries in the high 9,000s to approach 10,000, signaling sustained interest in the WSOP main event across 2025.

WSOP 2025: 51 Days of Poker Bracelets and Record-Breaking Action

WSOP 2025 duration and dates WSOP 2025 took place from May 27 to July 16, 2025, totaling 51 days of action and events. This extended run included the Main Event and dozens of bracelet events across multiple venues. 2. Main Event window and highlights The Main Event crowned the world champion in mid-July, after a two-week-plus festival of online and live tournaments, with thousands of players and record prize pools driving record-level attention.

Where is WSOP 2025 held?

Create accounts for both Caesars Rewards and WSOP+. Register for your chosen event in the WSOP+ app. Verify your ID and payment method at the WSOP Verification Desk before your first event. Receive your digital ticket in the app or have it printed at the Main Cage or Verification Desk.

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